Dispute over reporting stations leads to weather insurance lawsuit

[bluewave]

http://www.artemis.b...urance-lawsuit/

An interesting lawsuit is taking place in the U.S. between Mountain Creek Resort Inc., a ski resort operator, and Everest Indemnity Insurance Company, who provided Mountain Creek with weather insurance cover to protect them against a lack of snowfall during the peak ski season. It is rather strange though as the complaint seems to centre on a dispute over which reporting station was used to measure the weather conditions, something that should surely be defined upfront in an insurance or weather derivative contract.

Being the first case of its kind, as far as we are aware, the lawsuit is beginning to attract some coverage in ski industry news sources and on social media.