Weather derivatives

[AtW]

Every financial services firm that does business in the UK is regulated by the FSA, by definition.

Ain't they obliged to say so on their websites?

[AtW]

Because then they would have to comply with the regulations for insurers.

So they sell "insurance" but they don't want to comply with regulations applied to insurers?

I wonder if they sell "car accident derivatives" which would also, according to you, would be "insurance"?