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 recordkeeping began in 1851.
Meteorological History of Melissa
Melissa became a hurricane on October 21, with exceptionally warm sea surface temperatures and low wind shear leading to rapid intensification on October 25.
Industry insured losses include estimated wind and precipitation-induced flood from Melissa’s track across Jamaica, with most of the modeled loss attributable to wind.
Author's summary: Verisk estimates Hurricane Melissa's insured losses at $2.2-4.2 billion.
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