Nuts & Bolts: NIF Weather Risk Management, a division of NIF Group Inc. of Manhasset, N.Y., introduced a new series of financial weather products for companies and municipalities in all 50 states. The coverage is priced based on deviations from expected or ideal weather conditions. It pays in stipulated or incremental values as financial protection against non-catastrophic weather. The
product is designed as a method to price, bind and settle financial weather risk. The groups targeted for this coverage are retail, construction, leisure, agriculture, transportation,
manufacturing and event planning risks. Products are being underwritten by several markets.
Dollars: Targets accounts in $5,000 and above. Limits of insurance start at $50,000.
Carrier: Financial institutions and reinsurers.
States Available: All.
Contact: Dan Parker, ( 908) 508-9699 ext. 13, or dparker@nifgroup.com
Was this article valuable?
Here are more articles you may enjoy.
Uber and FedEx Get Green Light for Racketeering Suit Against Lawyers, Doctors 
Some College Finals Delayed After Canvas Online Platform Hacked 
The Big Dog Is Off the Tech Porch: State Farm as ‘Next Gen Good Neighbor’ 
Most Are Overcharged for Property Insurance, Vanderbilt Study Says From This Issue
