Worsening Weather Is Igniting a $25 Billion Market
Bloomberg reports as companies and investors come to grips with meteorological risks, they’re looking to a niche corner of Wall Street for protection.
Marty Malinow's mom never could get her head around what her son did for a living. To friends, she said he was “a stockbroker that does something with the weather.” Malinow couldn’t really object — he knew most people had no clue about financial contracts based on things like sunshine, rainfall and wind. That’s beginning to change. Against a backdrop... ...
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