weather risk

MDA EarthSat Weather, a consulting group for weather risk and commodity weather products and services, have announced the expansion of their current wind generation forecast product range. They are expanding their focus beyond the U.S. and will now offer forecast data and information for stations in the UK, Ireland, and Germany bringing their forecasts and […]

It’s that time of year again when our good friends at Environmental Finance announce the winners of their annual awards for companies and deals within the sectors their magazine and website covers. Of particular interest this year is their selection for the Weather Risk Management Deal of the Year. The winner is a weather risk […]

Whether risk management practices such as hedging actually have an effect on firm value of those engaging in such practices is highly debated in wider economic circles. Those involved in hedging or risk management sectors such as reinsurance can of course see the value in a well placed hedge, but for others who are less […]

Every so often on Artemis we write about hail and the sizeable insurance losses severe hailstorms can inflict particularly in the U.S. Another example of this has been highlighted after a day of hail storms in Texas on the 13th June caused severe losses to auto and property lines of business. Hail is an interesting […]

The Weather Risk Management Association (WRMA), an international trade organisation dedicated to promoting the weather risk management sector, has announced the appointment of new industry figures to its board of directors and the election of the organisations officers. These officials are entrusted with leading and counseling the organisation through 2012 and 2013.

Back in January we wrote that U.S. crop insurance losses had hit record levels of $9 billion for the year 2011, with much of those losses attributed to freezing weather across the Southern U.S. states, droughts in the Plains, flooding along the Mississippi river, severe rainstorms and hail from severe thunderstorms. That beat the previous […]

An interesting lawsuit is taking place in the U.S. between Mountain Creek Resort Inc., a ski resort operator, and Everest Indemnity Insurance Company, who provided Mountain Creek with weather insurance cover to protect them against a lack of snowfall during the peak ski season. It is rather strange though as the complaint seems to centre […]

Bermuda domiciled reinsurer Renaissance Re’s weather and energy risk management arm, RenRe Energy Advisors Ltd., have seen a large seasonal loss over the winter due to warmer than normal conditions across the U.S. and Europe according to their recent quarterly earnings call (transcript available here). It’s their second quarterly loss in succession as both Q4 […]

Here on Artemis we often discuss the vagaries of the weather and climate and this March was certainly an unusual month worth commenting on. The U.S. saw the warmest March on record since 1950, based on natural gas weighted Heated Degree Days (GWHDDs), according to an MDA EarthSat Weather press release. As well as breaking […]

The United Nations climate experts have published a lengthy report looking at mechanisms and methods to help make societies more resilient to natural disasters and severe weather events. The report from the Intergovernmental Panel on Climate Change discusses the billions of dollars of damages caused by extreme weather and climate events in recent years, whether […]