Weather risk management and weather derivatives trading news

Below please find a press release from the Weather Risk Management Association discussing their recent survey of the Indian Weather Risk Management Market. MIAMI, FLORIDA (May 12, 2010) – The Weather Risk Management Association (WRMA) released an industry survey of the Indian Weather Market today at its 12th Annual Meeting in Miami, Florida. The survey […]

Sources in India have confirmed that exchanges and trading firms are still waiting on the Indian parliament to amend the Forward Contracts Regulation Act in order that new asset classes such as weather futures and index-linked weather contracts can be introduced to markets there. This is seen as essential for India to be seen as […]

Insurers have paid out over £650m in claims for damage related to the colder than average weather the UK has experienced this winter. The UK has experienced more snowfall than usual and much lower temperatures which have made this one of the coldest winters on record. Insurance claims have risen in line with the weather […]

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 again caused major disruption and […]

The U.S. has been suffering some of the biggest snowfalls on record and has suffered major losses to the orange crop in Florida. The UK has suffered snow, ice and much lower temperatures than normal causing much disruption. Some areas of Asia have had significantly lower temperatures and higher snow fall than during a typical […]

Vortex Insurance Agency, LLC, a subsidiary of MSI GuaranteedWeather, have announced a new product to help any businesses that depend on green pasture to hedge the risk that drought poses to their bottom line. The new product is index-based and utilises a rainfall index. Here’s the full press release from Vortex.

Here’s the latest press release from the Weather Risk Management Association for your information. WASHINGTON, DC – (Marketwire, Feb. 11, 2010) – The Weather Risk Management Association (WRMA) is advocating that companies pay equal attention to weather risks that can cause immediate variability in earnings as well as those risks due to climate change which […]

Environmental Finance reports that Nikon cameras in Switzerland are utilising the services of weather risk management firm CelsiusPro AG to offer camera buyers in Switzerland a refund should the weather turn bad over a defined period over the Easter holidays.

The Securities & Exchange Commission (SEC) has issued a guidance note to clarify what publicly traded companies should be disclosing about their climate change related risks effects on business operations. As well as disclosing things like emissions management, companies should now disclose anything to do with the physical impacts of the changing weather.

Sompo Japan have released a press release to announce the launch of a new insurance product in Thailand to protect against drought. It’s good to see further advances in the weather index based insurance world as they expand to new regions. Although this is again a micro-insurance pilot scheme it’s hoped this could continue as […]