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's Record-Breaking Intensity
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 record-keeping began in 1851.
Estimation Details
The industry loss range includes estimated wind and precipitation-induced flood losses from Melissa's track across Jamaica, with most of the modeled loss attributable to wind.
Exceptionally warm sea surface temperatures and low wind shear ignited a period of rapid intensification on October 25.
- Hurricane Melissa became a hurricane on October 21.
- The Extreme Event Solutions group at Verisk provided the estimates.
Author's summary: Verisk estimates $2.2-4.2 billion in insured losses from Hurricane Melissa.
More News
- Reflections on Intelligence, With Thomas Sowell and Justice Clarence Thomas
- Witnessing from afar: Reflections on Farming the Revolution
- Keep Statesboro-Bulloch Beautiful hosts 4th annual Recycle Fest
- Artist Bianca Broxton returns to Medford to remember Belinda Sutton, an enslaved woman, for the 250th anniversary of the American Revolution - The Tufts Daily
- From Reimagining Capitalism to Reweaving Ourselves: Leadership for a Sustainable and Caring Future in a World on Fire — Harvard ALI Social Impact Review