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Weather and climate are fundamental drivers of economic activity and financial risk. Weather affects a wide range of industries, including energy, agriculture, insurance, construction, retail, and transport, among others. Weather and climate variation play central roles in the availability of water resources, the spread of disease, and an array of other processes vital for human welfare. There are, consequently, many organizations that confront risks related to weather, and that have a demand for experts who can help them manage these risks.

The study of weather risk management is designed for students who wish to work professionally at this intersection of meteorology and risk management. The option combines study of meteorology and atmospheric sciences with training in risk, finance, and decision-making.

David D'Arcangelo
Energy Trader

Richard Surace
Duke Energy Corporation

Michael Gasper
NRG Energy

Chris Hyde
MDA Federal

Jeff Mock
DTN/Meteorlogix

Matt Rogers
MDA Federal

Matthew Coleman
Citadel Investment Group, L.L.C.

Alumni Profile Page >>

Leading Expert on Effects of Weather on the Global Supply Chain to Spearhead Development of Financial Risk Solutions at Storm Exchange, Inc. Storm Exchange, Inc., a market leader in weather-based financial hedging solutions, today announced the appointment of Paul Walsh as Chief Strategy Officer.
New York (Business Wire) -- August 22, 2007)

Rain or shine, they aid business climate. Startup offers financial hedge against weather
San Francisco Chronicle -- (June 6, 2007)

Hedge Funds Pluck Money From Air in $19 Billion Wether Gamble, Bloomberg - USA -- (August 2, 2007)

Masterfoods USA visits Penn State Meteorology to talk about commodity price risk-- June 15, 2007. [PowerPoint Presentation]

Weather risk e-Symposium now archived [Visit]

"N.Y. Firm Promises Weather Risk Management Tools for Corporations, " Insurance Jouranl -- (Jan. 26, 2007)

The Penn State Weather Market The formation of this market will be used to determine if markets can accurately forecast the weather. This market will have 60 participants; 30 students from the meteorology department and 30 from economics. Please visit http://lema.smeal.psu.edu/prediction for information on how this market works and for sign-up details! [View Penn State Weather Market flyer]