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
Surface weather analysis Surface weather analysis Surface weather analysis is a special type of weather map that provides a view of weather elements over a geographical area at a specified time based on information from ground-based weather stations. Weather maps are created by plotting or tracing the values of relevant quantities such as sea level pressure, temperature, and cloud cover onto a geographical map to help find synoptic scale features such as weather fronts. The first weather maps in the 19th century were drawn well after the fact to help devise a theory on storm systems. After the advent of the telegraph, simultaneous