Jamaica could face days of hurricane conditions
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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.
Tropical Storm Melissa grounded to a halt over the central Caribbean about 150 miles south of Jamaica and Haiti early Friday.
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.
Canada has issued a serious travel warning advising Canadians to avoid travelling to Jamaica due to safety issues.