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 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, made this estimation.
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's summary: Verisk estimates Hurricane Melissa's insured losses at $2.2-4.2 billion.
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