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
Weather warning [increasing] significantly, but its occurrence, location, and/or timing is still uncertain"" and a warning as ""hazardous weather or hydrologic event [that] is occurring, is imminent, or has a very high probability of occurring"" . Additionally, the NWS breaks down weather warnings and watches based upon the specific type of hazardous weather. These warnings and watches include, but are not limited to, flooding, severe local storms, tropical cyclones, and winter storms. In Canada, governmental weather warnings and watches are issued by the Environment Canada. Non-governmental alerts, not watches or warnings, such as a "rotation detected" or "tornado reported" are issued by