Jamaica, Melissa and Hurricane
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Tropical Storm Melissa is forecast to rapidly intensify into a major hurricane this weekend as it lashes Jamaica and parts of the northern Caribbean, bringing days of life-threatening, potentially catastrophic impacts.
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
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.
Melissa is projected to approach Jamaica this weekend, make landfall by early next week, and be near or over eastern Cuba by the middle of next week.
As of 7 a.m. CDT Friday, the center of Tropical Storm Melissa was located about 185 miles southeast of Kingston, Jamaica, and was crawling to the east-southeast at 1 mph. Melissa had winds of 45 mph, making it a minimal tropical storm.
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.
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.