Weather risk management by companies such as Delphi Weather Analytics. The weather risk market makes it possible to manage the financial impact of weather through risk transfer instruments based on a defined weather element, such as temperature, rain, snow, wind, etc. Weather risk management is a way for organizations to limit their financial exposure to disruptive weather events. By making a payment (a "premium") to a separate company that will assume the financial weather risk for them, an organization essentially is buying a type of insurance - the company assuming the risk will pay the buyer a pre-set amount of money which will
Severe weather severe weather, they are extremely dangerous to humans and animals: according to the United States National Weather Service, the average total number of heat-related fatalities each year is higher than the combined total fatalities for floods, tornadoes, lightning strikes, and hurricanes. In Australia, heat waves cause more fatalities than any other type of severe weather. As in droughts, plants can also be severely affected by heat waves (which are often accompanied by dry conditions) can cause plants to lose their moisture and die. Heat waves are often more severe when combined with high humidity. Severe weather Severe weather refers to