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 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.
Meteorological History of Melissa
Melissa became a hurricane on October 21, with exceptionally warm sea surface temperatures and low wind shear contributing to rapid intensification on October 25.
Industry insured losses to onshore property in Jamaica from Hurricane Melissa will likely range from $2.2 billion to $4.2 billion.
- Estimated wind and precipitation-induced flood losses are included in the range.
- Most of the modeled loss is attributable to wind.
Author summary: Verisk estimates Hurricane Melissa's insured losses at $2.2-4.2 billion.