Robert Holmes has seen it before: organizers think they’re covered, until a technicality proves otherwise
Parametric insurance offers fast, automatic payouts when bad weather hits – but if conditions don’t meet the exact threshold, event organizers can be left with no compensation at all.
As climate volatility disrupts events across North America, organizers are turning to parametric insurance for faster, simpler payouts. But if predefined weather triggers – like an inch of rain or 100°F heat – aren’t met exactly, there’s no compensation. The speed and simplicity come at a cost: limited flexibility and a high risk of underinsurance for those who don’t understand the fine print.
Robert Holmes (pictured), president and meteorologi