Jamaica, Melissa
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Jamaica's $150 million IBRD CAR Jamaica 2024 parametric World Bank catastrophe bond has been marked down on secondary pricing sheets and this morning the
Hurricane conditions could last for three days straight in some places, AccuWeather lead hurricane expert Alex DaSilva warned.
Jamaica's central location in the Caribbean, the island has never recorded a direct landfall from a Category 4 or 5 hurricane, according to records from the National Hurricane Center (NHC) dating back to 1850.
Tropical Storm Melissa grounded to a halt over the central Caribbean about 150 miles south of Jamaica and Haiti early Friday.
Although Jamaica has been hit by many hurricanes, a storm stronger than Category 3 has never made landfall on the island.
Tropical Storm Melissa is expected to strengthen into a hurricane, threatening the northern Caribbean with massive rainfall and life-threatening flooding
Forecasters warn that Tropical Storm Melissa could bring destructive winds and over 30 inches of rain to Jamaica as the storm edges closer to the island.
The storm has already led to the death of an elderly man in Haiti who was killed by a downed tree, according to The Associated Press. On Friday evening, Tropical Storm Melissa con