NEW ORLEANS, LA — “Weather Risk Management for the Energy Indus-try,” a conference held here for utility and energy company professionals, was designed to show how a business can protect its profits from the elements using weather derivatives and related insurance products. Although the focus was specific, it was noted that a number of industries, including hvac, can benefit from this technique.
Co-chairman Robert Dischel, certified consulting meteorologist and financial weather risk analyst with Weather Ventures Ltd., began with a discussion on “The Growing Opportunity to Transfer Weather Risk to the Capital Markets.” He stated, “Weather is volatile, uncertain, and difficult to predict.” For his business, he added, “That’s great.”