Earthquake Weather: Can Meteorology Predict Earthquakes?

The concept of “earthquake weather” dates back to ancient Greece, and the tantalizing idea that we can predict earthquakes based on meteorology persists. Has modern science proven a link between temperature, humidity, and the likelihood of seismic activity?

Continue reading “Earthquake Weather: Can Meteorology Predict Earthquakes?”

What Is Parametric Insurance?

Parametric describes a type of insurance that works differently than the conventional “indemnification” insurance types (e.g. Home, Life, Auto)  familiar to most consumers. Parametric insurance involves a special type of financial contract that transfers money to policyholders upon the occurrence of specific, predefined events.

Parametric insurance contracts define the characteristics or thresholds of events that will trigger payments. Those characteristics are also known as the events’ “parameters” (thus the name “parametric.”)

Continue reading “What Is Parametric Insurance?”