Weather Insurance

Weather Insurance

An insurance policy protecting one from loss of income due to adverse weather conditions. For example, a recreational horseback riding facility is unlikely to have many customers during heavy rain, which could cause significant drops in profit. Weather insurance can replace at least some of what the profits would have been. It is a type of business interruption insurance.
References in periodicals archive ?
SAN FRANCISCO -- WeatherBill, the technology pioneer that has made weather insurance a reality for millions of people and businesses affected by the weather, today announced that it closed a $42 million round of Series B funding with new investors Khosla Ventures and Google Ventures joining NEA, Index Ventures, Allen & Company, First Round Capital, Atomico, and Code Advisors in the financing round.
The Climate Corporation combines Big Data climatology and agronomy to protect the global agriculture industry from increasingly extreme weather with fully automated weather insurance products.
For maximum protection of profits at the lowest cost, farmers must lock in full-season multi-peril weather insurance protection as soon as possible
The project is also developing a weather insurance model for agricultural and aquacultural products to provide protection against damages from extreme weather events, and is introducing it to the market.
As the only exclusive weather insurance company, WeatherBill launches broad range of products that protect businesses against the increasing frequency of extreme weather events
IFC said, IFC has conferred millions of dollars in performance-based grants and contracts to help extend weather insurance to tens of thousands of farmers in Africa, protecting them from natural disasters and weather-related risks that can destroy their livelihoods at a stroke.
is buying a long-term weather insurance policy from Bermuda's Aegis Insurance to protect Peoples from the negative earnings impact of warmer-than-normal weather.
WeatherBill, the pioneers in weather insurance and risk management, today announced the launch of the first full-season weather insurance program for U.
Total Weather Insurance Offering Provides Growers with the First Multi-Peril, Full-Season Weather Insurance
As a way to mitigate exposure to weather variability Star carries weather insurance with a maximum payout of $12.
Vortex Insurance Agency, LLC (Vortex), a national provider of weather insurance products, is pleased to announce the addition of Drought Shield(SM) to their list of available weather insurance products.