The weather derivatives market may be stuck in first gear (Risk December 2002, page 85) but it has still spawned a number of dedicated websites. These typically offer weather data, analytics, news and other information. But, like the weather derivatives market, their success has been, at best, mixed.
Gerald Leitner, now president of his own New York-based consultancy, GL Technology, started weatherhedge.com a year and a half ago. It was set up as a subscription site to provide weather