Verisk Estimates Insured Losses for Hurricane Melissa
Verisk estimates that insured losses for Hurricane Melissa will range from USD 2.2 billion to USD 4.2 billion.
Hurricane Melissa set a record as the most intense hurricane to make landfall in Jamaica and is tied for the most intense hurricane landfall globally since record-keeping began in 1851.
The Extreme Event Solutions group at Verisk, a leading global data analytics and technology provider, estimates industry insured losses to onshore property in Jamaica from Hurricane Melissa.
- The industry loss range includes estimated wind and precipitation-induced flood from Melissa’s track across Jamaica.
- Most of the modeled loss is attributable to wind.
Meteorological History of Melissa
Melissa became a hurricane on October 21, with exceptionally warm sea surface temperatures and low wind shear igniting a period of rapid intensification on October 25.
Author's summary: Verisk estimates Hurricane Melissa's insured losses.