February 15, 2018
European gas trading platform Pegas said it is developing temperature products, which if approved could go live next year and help energy operators hedge weather risks. “A final plan will be presented to the exchange’s top management in the third …
August 27, 2017
Bonds tied to weather risks tumbled the most in seven months as Hurricane Harvey advanced on Texas’s Gulf Coast. The Swiss Re Cat Bond Price Return Index dropped 0.44 percent this week, the steepest decline since January. The benchmark, which …
November 18, 2015
Specialist insurer Beazley launched in Australia “Weather Guard,” an insurance policy to protect Australian businesses from weather-related revenue shortfalls. Weather Guard covers weather-related perils that have historically not been offered cover, Beazley said in a statement. “This means it can …
December 18, 2013
Verisk Climate, a provider of enterprise climate risk management products, and Weather Decision Technologies (WDT), a weather industry technology provider, have formed a long-term alliance to develop new, more advanced analytics and products focused on the business impacts from weather …
January 13, 2012
Damaging hailstorms in Australia. Unprecedented tornadoes in the southeastern United States. Constant windstorms in northern Europe. Sound familiar? This year is starting a lot like last year in terms of unexpectedly severe weather, to the consternation of the insurance industry, …
May 26, 2011
Weather experts said it’s unusual for deadly tornadoes to develop a few weeks apart in the U.S. But what made the two storm systems that barreled through a Missouri city and the South within the last month so rare is …