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Wednesday's fatal aircraft collision over Washington, DC, is a nightmare scenario that aviation experts have been warning about. As BI's senior aviation reporter Taylor Rains writes, pilots and ...
A wide range of capital providers make markets in weather risk. To date the weather risk management trading market is primarily made up of dedicated weather trading operations, such as Nephila Capital Ltd, Galileo Weather Risk Management Advisors LCC, Swiss Re, RenRe, and Coriolis Capital, who execute trade orders in weather or weather-contingent commodity trades, the trading desks of ...
The FAA's NextGen Weather program provides aviation weather products that support air traffic management during weather events, helping to improve aviation safety and minimize passenger delays. The largest cause of National Airspace System (NAS) air traffic delays is weather, which was responsible for 75 percent of system-impacting delays of ...
One (1) Meteorologist-in-Charge (MIC) and three (3) General Forecasters that comprise the Center Weather Service Unit are co-located inside each of the FAA's 21 CONUS Air Route Traffic Control Centers (ARTCCs) and are structured under the Department of Commerce (DOC)'s National Oceanic and Atmospheric Administration (NOAA) National Weather ...
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Willis Towers Watson plc, branded as WTW and stylised in its logo as wtw, is a British-American multinational company that provides commercial insurance brokerage services, strategic risk management services (such as contingency planning, security audits, and product tampering plans), employee benefits and compensation management, and actuarial analysis and investment management for pension ...
A storm rolling across the Plains this week will usher in a burst of much-needed rainfall to the Midwest and Ohio Valley into Friday. "While this push of moisture will be beneficial for areas ...
The first-ever aviation insurance policy was written by Lloyd's of London in 1911. The company stopped writing aviation policies in 1912 after bad weather at an air meet caused crashes, and ultimately losses, on those first policies. [1] The first aviation policies were underwritten by the marine insurance underwriting community. [2]