One of the areas causing us legal heart-burn in the weather derivatives area  here in the States is the insurance and re-insurance company counterparties.
In most states there are different laws applicable to insurance companies -  most of which are regulated - including entirely separate insolvency  regimes.
Just another item for your radar screen.

Weather Derivatives

One of the areas causing us legal heart-burn in the weather derivatives area here in the States is the insurance and re-insurance company counterparties.
In most states there are different laws applicable to insurance companies - most of which are regulated - including entirely separate insolvency regimes.
Just another item for your radar screen.
including entirely derivatives area states item radar screen different causing heart counterparties insurance companies regulated burn weather laws applicable