Press
In Barbados, Every Day is a Perfect Day. Guaranteed.
www.barbadosperfectweather.com
These days you can’t count on much of anything. But you can always count on the weather in Barbados to be perfect. A fact we’re so certain about, that we are the first and only country in the world to guarantee it – actually paying you $100 for everyday you’re here that the weather is anything less than perfect. Visit www.barbadosperfectweather.com for more details.
Landmark Weather Coverage Contract for Outdoor Festival Conducted in Belgium
WeatherBill Press Release
The National Oceanic & Atmospheric Administration has just announced its prediction for the 2006 hurricane season Taste of Antwerp, in its third year, will take place August 21-23, 2009 during the Bollekesfeest. Taste of Antwerp turns the city into a gigantic open-air restaurant, and this year is set to be bigger than ever. More than 25 renowned chefs and caterers are registered to attend; bringing thousands of visitors to taste their small plates in Vlaamse Kaai aka Gedempte Zuiderdokken, Antwerp's biggest square. Taste of Antwerp is at the top of summer tourist agendas in Antwerp during the end of August.
WeatherBill is supplying weather coverage for the festival that will pay Antwerpen Proeft if it rains more than 9.7mm per day during the event dates. Rainfall is measured at the official weather station in Antwerp Deurne.
“Attendees purchase food tickets when they arrive at the event. They don’t book in advance or pay an entry fee, so we rely on high turnout which could be negatively affected by rain,” explains Ward Ramaekers, the festival’s organizer, along with Claudia Engelen. “This year the festival has grown considerably in size, both in terms of venue and expected attendance. The weather in Belgium is notoriously unpredictable, and coupled with our accountability to bring in attendees, it made event weather coverage imperative."
“Too much rain can heavily affect the event’s revenue,” says Jens Boening, Managing Director of WeatherBill UK Limited. “WeatherBill offers the only weather coverage that can be customized online or over the phone to protect event revenue when rain, snow, excess cold or heat lowers admission, parking, concession, and merchandise revenue. Payment is based on weather data, so there is no claims process and payment takes place automatically if bad weather happens.” (full release)
No Rain, No Gain: Teacher Cashes in On Victoria's Sunshine Pledge
"When an Edmonton schoolteacher landed in Victoria for an Easter holiday, she never forecast that a Sunday downpour would shower her with money. Jennifer Harbin booked the spring visit for herself and her 11-year-old daughter, Jill, through Tourism Victoria, paying extra for its 'sunshine guarantee.' The tourism agency has promised to pay clients $500 if more than 1.25 centimetres of rain fell in a single day in Victoria during April and May." (full article)
WeatherBill Offers White Label Platform to Weather Insurance & Weather Derivative Providers
WeatherBill Press Release
SAN FRANCISCO, Calif. – March 31, 2009 – WeatherBill (www.weatherbill.com), announced today the release of WeatherBill White Label, a complete technology solution that powers branded third party weather insurance and weather derivative programs with a turnkey white label platform. The platform automates weather coverage pricing, transaction processing, and risk management functions, and provides fully automated client, broker, and internal sales applications. (full release)
Umbrella Policies
from Texas Meetings + Events
"Getting paid out on these [event insurance] policies, however, can require the event host to prove losses. As a result, some of this kind of insurance has become highly specialized to help purchasers be more assured of the kind of coverage they are buying."
"For example, the San Francisco-based WeatherBill sells weather protection that can be used to insure meetings and events ranging from company concerts to country fairs. According to WeatherBill's Director of Sales, Justin Brennan, 'Weather is the trigger, it is not the scope of the event or the loss of revenues; it is purely weather-based.'"
How Will Agribusiness Weather a Storm?
from The Public Ledger
"The platform has also showed that weather derivatives are not just for those that can stump up large amounts of capital. Previously a firm wanting to hedge $200,000 of risk where the premium would be in the $7,000 to $20,000 range would have found most risk capacity providers reluctant given the cost of the legal paperwork and so on. ButWeatherBill’s low cost model is suitable no matter how small the deal. 'We can charge ‘fair-value’ even for contracts that hedge risks as small as $100,' said Mr. Hamlin." (full article)
It Snowed Enough: Travellers Get Free Trips
from The Chronicle Herald
“Hundreds of Atlantic Canadians will be visiting sunny destinations for free thanks to a New Year’s Day blizzard... The Let it Snow promotion, which gives people their vacations for free, is underwritten by an insurer called WeatherBill.”
The Best of 2008
from Myrtle Beach Herald
"Best New Innovation for 2008... My goodness, this would have been helpful on those rainy days at Woodstock." (continue reading)
Free Trips Came To Those Who Waited in Atlantic Canada
from CTV.ca
"Hundreds of travellers from Atlantic Canada have won free vacations as a result of a quirky, weather-related travel promotion that saw residents actually hoping for snow." (continue reading)
Barbados Guarantees Perfect Vacation Weather, or Your Money Back!
Press Release
BRIDGETOWN, Barbados, May 5 -- The sun-drenched island of Barbados is so sure you will have the perfect weather during your stay, the island is willing to put money on the line. The Barbados Perfect Weather Guarantee gives travelers cash back when the weather in Barbados isn't "perfect*." For more information visit, www.visitbarbados.org.
Travelers booking their vacations with the Barbados Perfect Weather Guarantee from May 1-June 7, 2009 for travel during May 28-December 18, 2009, will receive $100 for every day the weather falls below an average of 78 degrees Fahrenheit and accumulates more than a quarter-inch of rain. Further, travelers booking a five-night stay or longer, will enjoy an instant credit of $200 per booking.
Visitors to Barbados can purchase the weather-guaranteed vacation package at no cost, and if after the vacation has ended, they believe they qualify for a refund, they enter the package code to a customized site provided at purchase of the vacation to determine if they are eligible for a refund.
Something For A Rainy Day
Economist
Weather Risk Hedging Seen Boosting Global Economy
Reuters
Insuring against weather-related calamity in this era of global warming might seem the work of bean counters and actuaries. But a study by WeatherBill, an Internet firm offering weather-related risk cover for individuals, as well as companies and governments, says the global economy could expand by up to $258 billion if such contracts were more widely purchased. (full article)
Now This Is Umbrella Insurance
Newsweek