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And we can create an index from those averages that we base our contracts on.
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"Since we plan our [power] generation and our contracts based on critical water we should be fine...
"At State Farm, each claim is handled individually, and we pay what we owe based on our contract with our policyholders," Mr. Supple said.
A better course would be to find a rate whose meaning will not change over time, and base future contracts on it.
The Iowa Electronic Markets, which also settles such contracts with real money, based their contracts on the results of the election, too.
"Our contract is all based on old technology.
In some cases, it is also possible to design index based insurance contracts based on remote sensing information without relying on weather station records.
However, EU procurement guidelines state explicitly that governments must not base contract awards on a bidder's location or nationality.
Players are breaking down at such a rate that teams are basing contracts more on performance incentives like games played and innings pitched.
"Sometimes when you break camp, you bring guys north based on contract issues or on administrative issues like being out of options.
Based on contracts signed in July, Mr. Miller projected a price rise of only 1percentto to $864,000.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com