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