Weather risk management is a type of risk management done by organizations to address potential financial losses caused by unusual weather.
Read more about Weather Risk Management: Overview, Market Participants, Further Reading
Famous quotes containing the words weather, risk and/or management:
“This is the weather the shepherd shuns,
And so do I;
When beeches drip in browns and duns,
And thresh, and ply;”
—Thomas Hardy (1840–1928)
“It is not a piece of fine feminine Spitalfields silk—but is of the horrible texture of a fabric that should be woven of ships’ cables & hausers. A Polar wind blows through it, & birds of prey hover over it. Warn all gentle fastidious people from so much as peeping into the book—on risk of a lumbago & sciatics.”
—Herman Melville (1819–1891)
“This we take it is the grand characteristic of our age. By our skill in Mechanism, it has come to pass, that in the management of external things we excel all other ages; while in whatever respects the pure moral nature, in true dignity of soul and character, we are perhaps inferior to most civilised ages.”
—Thomas Carlyle (1795–1881)