Subzero temperatures spreading across the country and many U.S. residents being cautioned to stay indoors is impacting U.S. businesses. Karsten Berlage, Global Head of Weather Risk Management at Allianz Risk Transfer, explains the impact the unusually cold weather has on businesses’ bottom lines and the economy. Berlage also details how businesses can hedge themselves against increasing weather variances that can weigh on profitability as they combat decreased sales and potentially higher costs for fuel and snow removal.
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