Hurricane Satellite Weather Tracking - View Hurricane Weather Track

Storm Exchange Releases Summer 2008 Weather Risk Outlook : Continued Wet Weather and Moderate Temperatures in the Midwest and Northeast will Crimp R

NEW YORK (Business Wire EON) June 4, 2008 -- "Our weather risk outlook is different than most weather forecasts because, in addition to using state-of-the-art atmospheric research technologies, we also analyze 150 years of historical data to give businesses a risk probability that they can use to measure, monitor, anticipate and manage their climate and weather-related risks," said Paul Walsh, Storm Exchange Chief Strategy Officer. "The biggest weather risks on the horizon this summer are likely to focus on rain and normal to below normal temperatures in the Midwest and East Coast and a greater than average hurricane threat on the East Coast and in the Gulf region."

Agriculture Weather Risk

According to the Storm Exchange Summer 2008 Weather Risk Outlook, corn crops will feel the greatest impact of adverse weather conditions. Storm Exchange projects that U.S. corn yield will be 7% below trend this year, largely predicated on delayed planting dates and cold, wet seed beds. To-date, temperatures in the key corn growing regions have been 3-5°F below normal, retarding germination. Continued cooler than average and moist conditions throughout the summer months will likely result in a sharp yield loss for 2008.

Retail Weather Risk

This same pattern of cooler than average summer weather in the key Midwest/Northeast markets will result in decreased demand for summer merchandise. May was extremely unfavorable in these regions, resulting in weak sales of seasonal merchandise at premium prices. While true summer buying will pick-up in mid-June as summer-like temperatures finally move into the Midwest and northeast, it will be at lower margins for retailers, likely having a significant impact on Q208 corporate earnings in the retail sector. Home centers and mass merchants in hurricane-prone areas may see a bittersweet increase in sales due to the heightened risk of hurricane landfall this summer.

Travel Weather Risk

Flight delays and cancellations are likely to increase over the peak summer travel months, based on the high probability of wetter than normal weather in the Midwest and eastern states. Based on the Storm Exchange Summer 2008 Weather Risk Outlook, the hub airport with the highest risk for increased weather-related delays will be Atlanta Hartsfield (ATL). The airport most likely to improve this year will be Dallas-Fort Worth (DFW), based on largely favorable weather patterns in the southwest.

Energy Weather Risk

In the energy sector, the increased threat of hurricanes, particularly in the Gulf region, where a number of drilling rigs are located, poses the greatest potential threat. According to the Storm Exchange Summer 2008 Weather Risk Outlook, there is an 84% probability of a U.S. hurricane strike in 2008, a 4% increase over the long term average. The probability of a strike in Gulf region is 58%, a 5% increase over the long term average. The probability of an intense (category 3 or higher) strike in the Gulf region is 23%. The increased threat level is likely to have a significant impact on energy price volatility, regardless of any supply disruptions resulting from a hurricane strike in the western and central Gulf.

"There is a very strong psychological component to the weather's impact on business," explained Walsh. "When it is cold in the summer, retailers sell fewer tank tops; when a major storm starts brewing in the tropics, energy prices spike. As much as the actual weather events have a bottom line impact on the economics of a business, the probability of those events can also impact markets. With our Summer 2008 Outlook, we're helping businesses take some of the guess work out of the equation."

About Storm Exchange, Inc.

Storm Exchange is a leading provider of weather-related financial and information services. The company helps corporations improve performance by identifying, quantifying and controlling the impact of weather on their income and expenses. The company also serves investors and other financial services providers with solutions that create an investment advantage through insight into how weather will impact earnings. Storm Exchange solutions include industry-specific weather indices, data/analytics, forecasts and hedging programs that address the fundamental drivers of performance that result from business exposures to precipitation, wind, temperature and other climate variables. Storm Exchange is headquartered in New York, and maintains a weather research center in State College, PA.

Release Summary:

Storm Exchange's Weather Risk Outlook finds that wet weather and moderate temperatures in the Midwest and Northeast will crimp retail sales and agriculture production, increase flight delays; likelihood of U.S. hurricane 84%.

MORE ARTICLES:

June 2005: Weather Forecasts for Weather Traders
If Johannes Kepler, the renowned 17th century astronomer and discoverer of the planetary laws of motion, could speak from the heavenlies, he might have a few words of wisdom to share with the National Weather Service. Although Kepler's name is not normally associated with meteorology, he was quite the weather forecaster in his day.

Hurricane Hunters and Grid Hurricane Tracking Concept
The United States Air Force has a special team of half insane and half scientific modern day warriors. Knights of the sky willing to do the unthinkable; they fly directly into hurricanes; on purpose? Pretty brave stuff indeed.

Colorado Call Center Management Corporation Announces New Call Center Tracking Solutions and Scorecard Software
Colorado Call Center Management Corporation (CCCM), a call center and business efficiency consulting firm is announcing a New Scorecard Software that will increase the efficiency of your contact center and save you 10-20% in center labor costs.

Watch Satellite TV On PC Online Without Viewing Restrictions
People can now watch satellite TV on PC online without viewing restrictions. A few years back then, we were still watching satellite TV on our TV sets right there in our sofas in the living room. It was quite a common sight in many American families. However, today, the whole scene has changed and you can now watch satellite TV on PC using a modem connection. Issue is do you need to set up your computer such that you can watch satellite TV on PC online without viewing restrictions?

Hurricane Season 2007 Satellite Phone Rental Packages Now Available
All Road Communications announces special package deals for satellite phone rentals for the upcoming 2007 Hurricane Season.

LegalView Mesothelioma Blog Reports that Asbestos Exposure Slows Hurricane Katrina Cleanup in New Orleans Parish
Cleanup from Hurricane Katrina continues to be slow because of possible asbestos exposure. In a New Orleans parish, officials have determined to use a controlled burn rather than to demolish and move debris to a landfill, which could increase the potential for asbestos contamination.

New Orleans Hurricane Battle Zone for Virtual Reality Training
The City of New Orleans looks like a battlezone, we have bodies floating in the streets, snipers shooting at police and looters in gun stores. Although this Hurricane Katrina is a complete tragedy, you could have a better "Movie Set" for a great footage for Virtual Training Simulation.

Dish Network Satellite Tv Brings A World Of Viewing Opportunities
Gone are the days when all you needed was a rabbit ear antenna to bring the most popular television stations into your home. Television has evolved from a pastime where viewers were content to watch whatever was on to an obsession where people feel addicted to particular shows and cannot go without seeing them.

Hurricane Katrina's Delicious Aftermath in New Orleans Wins an International Award
Author Amy Cyrex Sins has recently been honored with an international cookbook award from Gourmand World Cookbook Awards. Post-Katrina, award-winning cookbook from the Big Easy gets International attention; features Cajun, Creole, and Louisiana home cooking; famous restaurant recipes; and stories of hope from those who love New Orleans while helping charity in the process.

Audissey Guides Presents iPod Walking Tours of New Orleans and Miami Beach
"The New Orleans Audissey" narrated by New Orleans poet/ street musician features hidden sites, French Quarter hot spots, and ambient recordings of the Big Easy. "The Miami Beach Audissey" narrated by Miami bikini model and bartender features sexy sites and salsa soundtrack. Insider audio tours also available in Boston, Chicago and Seattle for iPod/MP3 players.

Pensacola Lawyer Launches ‘Florida Hurricane Hotline™’ for 2006 Hurricane Season
Attorney Samuel Bearman has launched the Florida Hurricane Hotline™ to help answer people's questions on hurricane law, insurance and other hurricane-related questions. The toll free number is (800) 760-6065 and is available 24 hours a day, 7 days a week.

Leading Tarp Manufacturer Prepares For Major 2008 Hurricane Weather Season
A1 Tarps, a California-based manufacturer of tarps and hurricane preparedness supplies prepares for "above average" 2008 hurricane season in the Atlantic basin with 15 named storms predicted between June 1st and November 30th.

Weather Decision Technologies Unveils Automated Weather Warning System for International Airports
Dubai International Airport is first venue to deploy aviation weather decision support system.

July 2005: Hurricane Forecasts for Weather Traders
Tropical Storm Arlene formed as a tropical depression on June 8, 2005 near 83 West Longitude and 17 North Latitude. Although Dr.

Hurricane Katrina, A Personal View
A publication “Hurricane Katrina – A Personal View” shows what the people of the Mississippi Gulf Coast came home to after the storm ravaged the region. A comprehensive collection of photographs depicts the aftermath of the storm throughout the Gulf Coast region.