Browsing: Melissa

A rarity in the $55 billion market for catastrophe bonds is about to happen: A trigger event will wipe out 100% of the bond’s principal. Jamaica’s…

Damage caused by Hurricane Melissa in Jamaica will cost insurance companies between $1 billion and $3 billion, according to property intelligence company Quotiti. Insured losses are…

After Hurricane Brill destroyed Jamaica’s grid last year, officials at the island’s only utility vowed to strengthen it. But the company’s actions were only in the…

Hurricane Melissa strengthened after it stalled south of Jamaica for most of Sunday, with forecasters fearing the historic storm will cause humanitarian and economic devastation across…