Locations
United States · Hingham, MA, USA · Chicago, IL, USA
industry
Finance · Information Technology · Software · Sustainability
Size
1 - 10 employees
Stage
Other
founded in
2016
Lotic Labs is a climate risk management company, offering software products that help businesses of all sizes identify, track, and manage non-catastrophic climate risk. Businesses in the US alone face $700 billion annually in financial risk from non-catastrophic, variable weather/climate conditions. The climate risk analytics industry has overlooked much of that exposure by focusing on catastrophic and long-term property risks. With capital markets moving to provide increasingly customized weather risk coverage and investors/regulators looking more closely at all climate exposures, the market is ripe for a solution that enables at-risk businesses themselves to easily manage non-catastrophic climate risk.
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