Construction Risk Management: Beyond calculating lost weather days

An exceptionally long winter with heavy snowfall and subzero temperatures made the early stages for constructing a new office building slow going. Finally, the snow has let up, but heavy rain keeps cycling into the weekly forecast. The weather delays on this project are cutting deeply into profits. With some luck, this may be a break-even venture but not much … Read More

Seasonal Spotlight: Will it be a rainy summer?

Rainy Summer? With the seemingly constant stream of moisture into most of the US this winter and spring, many are likely wondering what this moisture could suggest for this summer’s weather. Fourth Wettest Winter For the lower 48, this past winter, with the inclusion of March, has been the fourth wettest. (meteorological winter is December 1 – February 28). The only … Read More

What is Weather Risk Management?

Weathering Storms with Weather Insurance It is in the news every day. Unseasonable or adverse weather interrupts a business. It’s too hot in June for a marathon. Rain threatens to cancel an outdoor concert. Snow piles up and the cost of removal is excessive. The consequences for these types of weather events can mean a financial downturn or in the … Read More