How Catastrophe Bonds Can — and Can’t — Help Jamaica Post-Melissa
Melissa is the worst hurricane this year and the first Category 5 storm on record to make landfall in Jamaica. It has now hit Cuba as an “extremely dangerous storm.”...
By Gautam Naik · Bloomberg
Melissa is the worst hurricane this year and the first Category 5 storm on record to make landfall in Jamaica. It has now hit Cuba as an “extremely dangerous storm.” Though it will take days to know the full extent of damage, early reports already show flooding, landslides and chaos.