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Insured losses from U.S. winter storm could hit $1.4 billion

Insured losses to residential, commercial, industrial properties and their contents and to automobiles from the U.S. winter storm which struck on February 1st - 2nd could reach as much as $1.4 billion according to risk modelling firm AIR Worldwide. AIR estimated anything between $790m and $1.4 billion, we believe it's read the full article →

Ski resorts forced to delay opening in Japan on lack of snow

Reading the news lately you would be forgiven for thinking that the weather risk management industry isn't doing enough to promote its services. Recently there have been many items in the press discussing loss of earnings due to inclement weather and as we all know this should be avoidable now read the full article →

First snowfall contract of this winter trades on the CME

The Chicago Mercantile Exchange (CME) has seen its first snowfall contract trade in the past week. With winter approaching companies are beginning to think about winter weather and seeking to hedge their exposures to either too much snow or too little.In this case the traded snowfall contract provides the customer, read the full article →

CME bullish on snowfall derivatives

Snowfall has certainly been a feature of the northern hemispheres winter months this year. The UK suffered much colder temperatures than normal and snowfall which remained on the ground for many days causing much disruption to transport, travel and businesses. The U.S. has suffered huge snowfalls in the northeast which read the full article →

CME Group planning new locations for snowfall weather futures and options

The Chicago Mercantile Exchange (CME) has issued a press release announcing their intention to widen the scope of snowfall futures and options which can be traded on the exchange. Four new locations will be added for monthly and seasonal snowfall futures and options while new Snowfall Index Binary Options Contracts read the full article →