Weather stations to provide data for new Parametric Index installed for 2008 hurricane season

Friday, April 25th, 2008 Catastrophe Property Technology

A network of hurricane-hardened weather stations to measure wind speeds for a new securities index has been installed in preparation for the 2008 hurricane season, Risk Management Solutions and WeatherFlow, a leading provider of weather data, revealed today. The stations will provide wind speed data for the WindX parametric index, which supports the transfer and trading of catastrophic hurricane risk in the capital markets.


External References & Further Reading
http://www.rms.com/NewsPress/PR_042208_WindX.asp
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