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 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.
The Extreme Event Solutions group at Verisk, a leading global data analytics and technology provider, made this estimate.
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. Exceptionally warm sea surface temperatures and low wind shear ignited a period of rapid intensification on October 25.
Author summary: Verisk estimates Hurricane Melissa insured losses.
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