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Secured Losses with Melissa Screw Are Between Us$ 3 Bi and Us$ 5 Bi, Estimates Moody’s
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The number considers safe losses mainly associated with the effects of the winds in Jamaica
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The Jamaican government reported that preliminary damages from Hurricane Melissa amount to $7 billion, equivalent to 32% of the country's gross domestic product, as explained by Prime Minister Andrew Holness to Parliament. Melissa, which reached Category 5 with winds exceeding 290 kilometers per hour, struck the island last week, leaving at least 32 dead and causing devastation comparable to the region's worst natural disasters. The most signifi…
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