NEGOTIATIONS
FOCUS
PROCESS
KEY STEPS
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| Partner
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The Climate Corporation |
| Link
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http://www.climate.com/ |
| Description
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Climate Corporation helps people and businesses adapt to climate change
The company’s unique technology platform enables the real-time pricing and purchasing of customizable weather insurance using proprietary global weather simulation modeling and local weather monitoring systems.
The company protects the $3 trillion global agriculture industry from the financial impact of adverse weather – the cause of over 90% of crop loss – with fully automated weather insurance products. Climate Corporation’s technology platform also powers Raincheck.com, an automated weather insurance program for travelers worldwide.
Climate Corporation insurance is safe and reliable; all WeatherBill insurance products carry an A.M. Best “A” rating. There is no unnecessary paperwork, no claims process and no waiting for payment. WeatherBill is the only service that enables customers to customize, price and buy weather insurance online in just minutes—and get paid if bad weather happens.
Climate Corporation was founded by former members of the Google team. The company is funded by Google Ventures, New Enterprise Associates, Khosla Ventures, and Allen & Company, and is backed by Nephila Capital, one of the world's largest weather risk and catastrophe reinsurance fund managers. |
| Action pledges | |
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Taking the uncertainty out of climate and weather for stakeholders |
| Further information
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Weather Bill is now called "Climate Corporation" |
| Regional focus
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North America
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| Sector
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Business
Food security, agriculture, forestry and fisheries
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| Adaptation delivery activity
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Disaster risk reduction
Financial support
Risk/vulnerability mapping
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| NWP work area
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Adaptation planning and practices
Climate related risks and extreme events
Economic diversification
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| Climate hazards
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Drought
Flood
Heatwaves
Storms/tropical cyclones
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| Operational scale
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National
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Organizations, institutions and private sector companies at all levels and in a wide range of sectors can become engaged with the NWP by becoming a partner and making Action Pledges. Information about how organizations can become engaged with work on adaptation under the NWP can be found here.
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