Throughout Florida, a series of 30-foot concrete poles are beingerected with what look like wingless airplanes on top–theharbingers of a new form of insurance.

Behind these installations of super-strong anemometers for windspeed recording is an outfit called WindX, which will use theequipment to provide certified data for what is referred to asparametric insurance.

Peter Nakada, the managing director of Risk Management SolutionsRMS Consulting in Hackensack, N.J.–which is partnering withWeatherFlow, a firm which is providing the wind-monitoringdevices–said parametric insurance is a simpler way to insurerisk.

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