The CME Group has announced that they have acquired the Carvill Hurricane Index and changed it’s name to the CME Hurricane Index. This makes total sense as the hurricane futures and options contracts are all traded and settled on the CME. In addition the CME have brought EQECAT on board to be the new calculation […]
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Weather refund promotions and weather insurance are common these days, holidays, festivals and retail outlets are all offering money back or discounts if the weather is inclement. Sporting events seem like a natural avenue for the weather risk management companies to venture down. However, consider football (soccer for anyone in the U.S.). In the UK […]
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There’s an interesting story in the Hindustan Times today which discusses the effect of climate change on the insurance companies who’ve started to offer weather insurance cover to farmers and small businesses in India. The story explans that despite being bullish about the new products when they were launched, confidence is waning as the insurance […]
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