The purpose of this study is to examine the relationship over time between specific weather events (drought, excessive rainfall, cold weather, etc…) and loss ratios for crop insurance products. The study also investigates the impact of rainfall and extreme heat on field and fruit crop insurance...

The purpose of this paper is to develop a general approach to valuing commodity-linked bonds (CLBs) based on the Heath-Jarrow-Morton (HJM) framework. The model deals with four dimensions of uncertainty: prices of the underlying commodity, the value of firm that issues bonds, interest rates, and...