DISQUS

Dan · 8 months ago

Interesting business. One general comment/critique of this and other posts I see on this site: please try to better define "making x dollars". Does that mean in revenue, gross profit, operating profit, or some other unit such as in this case potentially the value of the insurance contracts. I know private companies are cagey about these numbers and there is no way to verify them, but it would be nice to better understand at least what they are claiming. I don't mean to be too critical, overall a very informative post about a company I hadn't heard from in a while.
Eric Eldon · 8 months ago

Thanks for asking about that. In this case I mean revenue, not any form of profit.
Shirley Savage · 8 months ago

Re: weather contracts for 2008 in the Weather Risk Management Association/PricewaterhouseCoopers Industry Survey, more winter contracts were done than summer contracts.
weather_tradedr · 8 months ago

Keep in mind that this is not weather insurance. WeatherBill offers weather DERIVATIVES. A weather derivative transaction can only take place between two eligilbe parties, primarily defined as haveing at least $1,000,000 in net worth or $10,000,000 in assets. WeatherBill actually runs the transaction through a third party in Bermuda. Derivatives are virtually unregulated, while insurance is highly regulated.

Unless you know what you are doing, it can be a risky venture.