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.
Record-Breaking Hurricane
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.
Estimate Details
The estimated industry insured losses include wind and precipitation-induced flood damage from Melissa's track across Jamaica, with most of the loss attributable to wind.
- Hurricane Melissa became a hurricane on October 21.
- Exceptionally warm sea surface temperatures and low wind shear led to rapid intensification on October 25.
The Extreme Event Solutions group at Verisk estimates industry insured losses to onshore property in Jamaica from Hurricane Melissa will likely range from $2.2 billion to $4.2 billion.
Author's summary: Verisk estimates Hurricane Melissa's insured losses at $2.2-4.2 billion.
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