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
The Weather Network introduced new local weather products including an hourly forecast for the next 12 hours in 2006, long term precipitation forecasts in 2008 and improved satellite and radar maps in 2009. In 2009, The Weather Network was granted 9(1)("h") must-carry status by the CRTC, under the condition that Pelmorex develop a "national aggregator and distributor" of localized emergency alert messages. In early 2013, The Weather Network launched regional feeds, currently for Alberta and the Maritime provinces. Each feed features its own regional forecasts, weather stories, and where available, traffic information was provided by Beat the Traffic. On December 8, 2014, The