The World Bank has priced a new catastrophe bond designed to help Jamaica cope with the threat of hurricanes. The...
Hurricane Melissa News
Planet-warming greenhouse gas emissions kept rising in 2025 and country pledges to cut them are nowhere near where they need...
The top 10 most popular international stories during 2025 covered a diverse range of topics, including the job difficulties experienced...
Jamaica has invested tens of millions of dollars in bolstering coastal defenses by planting mangroves, building seawalls and strengthening urban...
A rare thing is about to happen in the $55 billion market for catastrophe bonds: a trigger event will wipe...
Investors in Jamaica’s catastrophe bond now face a 100% payout after Hurricane Melissa set off a full trigger event, according...
The Caribbean parametric insurer, CCRIF SPC, announced it will make a second payout of US$21.1 million to the government of...
Catastrophe modeling company KCC estimates that privately insured losses from Hurricane Melissa will hit $2.4 billion. This estimate includes insured...
Zurich Insurance does not expect any material financial losses from claims related to Hurricane Melissa, the insurer’s finance chief Claudia...
Hurricane Melissa became the most powerful storm on record to strike Jamaica in part because of water made hotter and...