Verisk Estimates Insured Losses for Hurricane Melissa
Verisk estimates that insured losses for Hurricane Melissa will range between $2.2 billion to $4.2 billion.
Hurricane Melissa set a record as the most intense hurricane to make landfall in Jamaica and tied for the most intense hurricane landfall globally since recordkeeping began in 1851.
Estimate Details
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, with exceptionally warm sea surface temperatures and low wind shear igniting a period of rapid intensification on October 25.
According to Verisk, the Extreme Event Solutions group estimates industry insured losses to onshore property in Jamaica from Hurricane Melissa.
Author's summary: Verisk estimates Hurricane Melissa's insured losses at $2.2-4.2 billion.
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