Tag Archives: weather insurance

WeatherBill C.E.O. David Friedberg hopes to persuade [!?] the Commodities Futures Trading Commission (C.F.T.C.) to change the requirement that currently limits weather derivative traders to accredited investors with a minimum net worth of $1 million.

Hummmmmmmmm… Quite a bold ambition. I’m very surprised by his statement. Is he naive? Via our chief economist Michael Giberson. UPDATE: Did the CFTC relax its ECPs requirement for eBOTs?

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The Park Paradigm blogger on Weather Bill

“Sean”: And so when I met David Friedberg last summer and he showed me his idea for launching a new technology-driven business for hedging weather risk, I was obviously keenly interested. After many conversations, due diligence and negotiations I am … Continue reading

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WeatherBill contracts are financial instruments, regulated by the CFTC.

— Via Tech Crunch, Weather Bill is now open for business. This is their ABOUT page: WeatherBill sells Weather Contracts to eligible buyers. Weather Contracts can be used to protect your business from adverse weather conditions, by paying you when … Continue reading

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