Marty Malinow’s mom never could get her head around what her son did for a living. To friends, she said he was “a stockbroker that does something with the weather.” Malinow couldn’t really object — he knew most people had …
Energy companies, hedge funds and commodity traders are stepping up their use of financial products that let them bet on the weather, as they seek to protect themselves against – or profit from – the increasingly extreme global climate. On …
According to William W. Windle, managing director of Munich Re Trading LLC, business has been brisk lately in the weather derivatives market. There are many reasons for this, and while Windle may wince at any suggestion that the current weather …
Heat and drought are parching the southern U.S. plains, floods and tornadoes have shattered long-standing records, and the tropical Atlantic is steaming into the traditionally busiest part of the hurricane season. With commodity markets across the globe in the thrall …
