Now a Category 2 storm, Hurricane Ike is expected to enter the Gulf of Mexico late tomorrow where it may yet regain strength and threaten the Gulf coast states. As of early this morning a tropical storm warning and a hurricane watch remained in effect for the Florida Keys. Over the weekend, Ike hit the Turks and Caicos Islands as a Category 4 storm, leaving a reported 95 percent of buildings on Grand Turk severely damaged. Turks and Caicos is a member of the Caribbean Catastrophe Risk Insurance Facility (CCRIF), a multinational insurance pool developed by the World Bank. Funded by premiums paid by participating countries, the facility provides early payout toÃ‚ membersÃ‚ after a major hurricane or earthquake. Check out I.I.I. hurricane fact files.