DiscoverMarkets & Money Today | 2 Min News | The Daily News Now!Hurricane Melissa set to trigger $150 million Jamaica catastrophe bond to help rebuild
Hurricane Melissa set to trigger $150 million Jamaica catastrophe bond to help rebuild

Hurricane Melissa set to trigger $150 million Jamaica catastrophe bond to help rebuild

Update: 2025-10-30
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Jamaica's catastrophe bond, triggered by Hurricane Melissa, is set to provide a swift $150 million in aid, marking a potential model for other vulnerable nations. The bond, designed to pay out if storm pressure drops below 900 millibars, is expected to activate due to Melissa's low pressure readings. This innovative approach could significantly speed up disaster relief efforts, potentially reducing recovery times from months to weeks.

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Hurricane Melissa set to trigger $150 million Jamaica catastrophe bond to help rebuild

Hurricane Melissa set to trigger $150 million Jamaica catastrophe bond to help rebuild