A friend of mine sent me a link to WeatherBill today. This is pretty wild. You can actually take out “contracts” to hedge against the weather. Almost like “weather-insurance” …

The site is pretty good … there is a tutorial/learning page, and then the actual quotes page. Hmmm … I can buy a contract for $854 for next Saturday if it rains more than 1″ of rain they’ll pay out $10,000!! They have a lot of examples of using this for golf courses or any range of businesses or events. Picnic insurance!

It seems that maybe someone will think about how to game this for some real income …