The Extreme Event Solutions group at Verisk Analytics Inc. (VRSK), a data analytics and technology provider, estimates industry insured losses to onshore property in Jamaica from Hurricane Melissa will likely range between $2.2 billion and $4.2 billion, the company said in a statement on Monday.
The loss estimate includes the effects of wind and precipitation-induced flooding from the hurricane's track across Jamaica, with most of the modeled loss attributed to wind.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.