Banking on the Weather

banking-thumbnailYou don’t have to tell the ski industry how much is riding on the weather. The National Oceanic and Atmospheric Administration (NOAA) in its Economic Statistics study reports that industries directly impacted by weather, including outdoor recreation, account for nearly 10 percent of the gross national product. Meanwhile the Chicago Mercantile Exchange estimates that nearly 20 percent of the $11 trillion U.S. economy is subject to weather-related risk.

Click here to view the full article PDF.