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 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 states.
Contact: Dan Parker, (908) 508-9699, ext. 13, or dparker@nifgroup.com.
Was this article valuable?
Here are more articles you may enjoy.
USI Sues 3 Former Producers After They Allegedly Moved Clients to Howden US 
Meta Stares Down Trillion-Dollar Threat as Landmark Social Media Trial Begins 
State Farm Must Give Up Trade Secrets in Claims Lawsuits, but Under Court Review 
Orion180 Files for IPO, Eyeing Home and Flood Insurance Market From This Issue
