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?
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 very happy to be on board as one of Weatherbill’s founding investors. Weatherbill, as reported on [...]
WeatherBill contracts are financial instruments, regulated by the CFTC.
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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 those adverse conditions occur. Some eligible buyers may also use WeatherBill to make speculative bets on the [...]
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