Jamaica, Hurricane Melissa
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Insurance, bonds and savings will speed recovery from the monster hurricane, but the Caribbean nation will still need international aid.
Investors in a catastrophe bond tied to Jamaica look set to experience a trigger event as Hurricane Melissa barrels toward the Caribbean island as a Category 5 storm. “Based on current models there
The government of Jamaica has raised a hurricane watch for what is currently tropical storm Melissa and with the National Hurricane Center warning that
Footage from a U.S. Air Force weather reconnaissance flight that passed through Hurricane Melissa’s eye confirms you probably don’t want to be there. The U.S. Defense Department released the video after flying multiple passes through the Category 5 storm on Monday to collect weather data for the National Hurricane Center.
Hurricane Melissa made landfall in southwest Jamaica this week near the coastal town of Black River, which the government has described as “ground zero.”