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.
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.
Estimated wind and precipitation-induced flood losses from Melissa's track across Jamaica are included in the industry loss range, with most losses attributed to wind.
Author's summary: Verisk estimates $2.2-4.2 billion in insured losses.