You can totally create a private version of NOAA so long as you keep the messaging about insurance intelligence and never, ever speculate out loud about the causes of hurricanes. And if that's not enough, just do what Meta did and hire some shmuck like Robby Starbuck to signal that you're on the right team.
I see the humor in this but you'd still need to operate your own satellites.
What they want is for the government to run the satellites and provide the data on the taxpayers' dime, but only let private companies interpret that data so they can sell their forecasting
https://www.cnn.com/2017/10/14/politics/noaa-nominee-accuwea... (note: old news)
Google (with partner companies) launched a climate-monitoring satellite last year. Thanks to SpaceX, it’s cheaper than ever for private organizations to launch satellites.