Wall Street Embraces Weather Risk in New Era of Storms, Drought

By Brian K. Sullivan, Alexandra Semenova and Eric Roston (Bloomberg) -- Every uptick in wind speed along the Gulf of Mexico shoreline is of enormous interest to Mike Eilts. Eilts, senior vice president for weather at DTN, a Minnesota-based analytics firm, knows that an unexpected cold front in Louisiana, nudged southward by a jet stream unsettled by global warming, can push … [Read more...]