Red Flag Warning: Warning from forecasters if red flag criteria are met or expected within 12 to 24 hours. The warning highlights the weather, which is particularly important for fire behaviour and potentially extreme fire conditions or many new fires. Warnings bearing the red flag should always be coordinated with the customer. Insurance does not protect against falling demand due, for example, to a slightly wetter-than-average summer, but weather derivatives can do so. Since climate derivatives and insurance cover two different options, a company may have an interest in purchasing both. Area forecast: part of the overall fire forecast, which is published regularly during the normal fire season, to meet fire management requirements. These areas or zones are a combination of administrative and climatological zones that are usually almost as large as a single forest or district. Has. Unwanted weather is defined as the appearance of one or more of the following conditions during a 24-hour day, which prevents construction activity, weather conditions or access to the site: in 2017, weatherXchange® was launched by the VitesseWeather Group.
weatherXchange is a platform that provides Hedgerns with weather data, structuring tools and a free price comparison service. [Advertising language] Probability prediction: a prediction of the probability of one or more mutually exclusive climate events, different from a series of category statements. A Massive Rainfall online weather derivatives exchange was created in 2014 and was used to bet or secure on certain temperatures, winds and precipitation on certain days in selected cities, but this seems to be only an educational tool for practical accounts in a non-existent currency. The Didymi ( 2 Lloyd`s Rep.108) established the principle that, if a vessel is suspected of power, the vessel`s performance must first be considered in good weather. If the vessel was not in compliance with the guaranteed speed and fuel consumption in good weather, it was assumed that it was not operating even in bad weather. The lack of performance was then applied mathematically to the entire trip. Weather derivatives generally have a basis for an index that measures a particular aspect of the weather. A clue may be, for example. B, the total amount of precipitation over a given period at a given location.