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Scientific research improves extreme weather planning for insurers and commodity markets

The financial services sector, especially insurers and the commodity markets, can make better risk decisions thanks to increased scientific knowledge about the climate phenomena, El Niño and La Niña, according to a new research report commissioned from the Met Office by the Lighthill Risk Network.“The importance of El Niño and read the full article →

Weather variability can cost the U.S. economy $485 billion per year

A research paper due to be published this month in the Bulletin of the American Meteorological Society suggests that routine variations in the weather, such as rainfall and cooler or hotter than average days, can result in an annual cost to the U.S. economy of $485 billion.The paper, which you read the full article →