Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why Might A Long Range Weather Forecast Be Useful To An Insurance Company?

0
Posted

Why Might A Long Range Weather Forecast Be Useful To An Insurance Company?

0

a long range forecast can’t predict individual weather formations such as storms, but it can predict that a particular month may have a lot of snow, for example. This would warn the insurance companies in advance to prepare for a lot of claims due to injuries, car crashes etc. This forewarning may help them to put up premiums in advance, or put aside money ready for the claims that will come rolling in.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123