Insured losses from Hurricane Melissa estimated at up to $4.2 billion, says Verisk

Core Insights - Insured losses from Hurricane Melissa's impact on Jamaica are projected to be between $2.2 billion and $4.2 billion according to estimates from Verisk [1] Industry Impact - The data analytics firm Verisk provides estimates that highlight the significant financial implications of natural disasters on the insurance industry [1] - The range of insured losses indicates a substantial economic burden on insurers and may affect their financial stability and risk assessment strategies [1]