The Climate Corporation
The Climate Corporation (formerly WeatherBill) helps people and businesses manage and adapt to climate change. The company’s unique technology platform enables the real-time pricing and purchasing of customizable weather insurance using proprietary global weather simulation modelling and local weather monitoring systems.
The Climate Corporation aims to protect the $3 trillion global agriculture industry from the financial impact of adverse weather—the cause of over 90% of crop loss—with automated, full-season weather insurance. Unlike traditional insurance, The Climate Corporation’s products pay out automatically based solely on measured weather conditions, requiring no claims process and no waiting for payment.
The Climate Corporation was acquired by Monsanto for $930m in October 2013.