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 to this coverage are retail, construction, leisure, agriculture, transportation, manufacturing and event planning risks. Products are being underwritten by several markets.
Dollars: Targets accounts of $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.
Isaias: 47,000 Claims and $582M in Losses in Florida So Far, OIR Reports 
Former Trident Reciprocal CEO Ordered to Pay $468K in Attorney and Arbitrator Fees 
Viewpoint: Beware These Commercial Auto Endorsements! 
World’s Largest Retirement Community Set to Borrow $180 Million for More Homes From This Issue
