Spectrum Weather and Snow Insurance to Attend Annual Snow and Ice Management Annual Symposium

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Spectrum Weather and Specialty Insurance will be a featured exhibitor at the Snow and Ice Management Association’s annual Snow & Ice Symposium, to be held in Columbus, Ohio, June 18-21, 2014. After such an extreme winter, snow insurance will be on the minds of many in the industry.

Mother Nature always bats last

Spectrum Weather and Specialty Insurance, Inc., the leading domestic broker of snow insurance and other snow-related risk management products, will be attending the Snow and Ice Management Association’s (SIMA) 17th Annual Snow & Ice Symposium, to be held in Columbus, Ohio, June 18-21, 2014. The yearly SIMA Symposium is an opportunity for representatives of companies that are involved in the snow removal and related industries to come together to help educate each other on the best principles of business management, snow and ice operations, leadership, and other aspects unique to the industry. Members of SIMA include snow removal contractors from the United States and Canada, equipment suppliers, salt and chemical suppliers, and those providing professional services to the snow removal industry.

This past winter has seen extreme snowfall totals throughout the Great Lakes, Midwest, and Northeast portions of the United States. Locations with well over 200% of the average snowfall include Chicago, Detroit, Indianapolis, New York City, and Washington D.C. Snowfall totals throughout much of Ohio were also more than twice that normally expected, and Philadelphia exceeded their average snowfall total by over three times than expected in an average year. Snowfall removal contractors in these areas that were bound with fixed-price seasonal contracts may have had a challenging winter. However, those that placed snow insurance coverage were able to offset much of their losses with insurance claims. “This was an unprecedented year for snow insurance claims,” states Spectrum’s President, Robert Holmes. “In my fourteen years in the weather risk management industry, I have never witnessed claims to the magnitude seen this past winter.”

Mr. Holmes, will be in attendance through the entire SIMA Symposium. In addition to the sponsorship of portions of the educational seminar series available at the Symposium, Spectrum will also be an exhibitor at the associated trade show. “As our climate continues to become more volatile, companies with revenue that is highly correlated to weather will continue to face challenges each year. Those in the snow and ice removal industry have seen that first-hand over the past several winters,” stated Mr. Holmes. “It is Spectrum’s goal that those in this industry are educated with regards to the availability specialty insurance products, such as snow insurance, to help mitigate those risks.” And while this past winter had many cites experiencing record or near-record amounts of snow, “next winter may be just the opposite.” After all, Mother Nature always bats last.

Spectrum was established with the goal of providing rain insurance, event cancellation insurance, snow insurance, and other specialty insurance solutions that are simple to understand and purchase, and with the highest degree of customer service in the industry. Spectrum serves events both large and small, including fairs, festivals, concerts, and other outdoor events impacted by weather. In addition to rain insurance, Spectrum provides liability insurance for events, as well as insurance for weather-based promotions. Spectrum also provides snow insurance to help protect against extremes in winter snowfall for snow removal contractors and others exposed to snowfall volatility.

For more information about Spectrum Weather and Specialty Insurance, Inc., visit http://www.spectrumweatherinsurance.com.

For more Information on the Snow and Ice Management Association’s Snow and Ice Symposium, visit http://www.sima.org/show.

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Robert Holmes
Spectrum Weather and Specialty Insurance, Inc.
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