Mighty Fire Breaker Partners with WOWS Insurance to Expand Wildfire Risk Management. The collaboration combines Mighty Fire Breaker's patented fire-retardant chemistry with WOWS Insurance's comprehensive model of integrating fire hardening and proactive wildfire mitigation. Together, they aim to enhance wildfire resilience and expand access to affordable insurance coverage for high-risk properties. The partnership addresses the growing demand for science-backed wildfire protection and has the potential to transform the insurance industry's approach to wildfire preparedness and protection.
General Enterprise Ventures (GEVI), through its subsidiary Mighty Fire Breaker (MFB), has formed a strategic partnership with WOWS Insurance to enhance wildfire resilience and expand access to affordable insurance coverage for high-risk properties. This collaboration combines MFB's EPA-certified fire-retardant technology with WOWS' comprehensive fire hardening and mitigation solutions.
The partnership aims to address the growing wildfire protection challenges, particularly targeting over 3 million affected homes in California. MFB's solution offers ember attack protection without continuous water use, remaining effective until naturally washed away by rain. This science-based approach aligns with WOWS' performance-driven insurance model, aiming to meet rising demand for wildfire resilience and affordable coverage.
Ted Ralston, CEO of MFB, commented, "This collaboration directly addresses the growing demand for science-backed wildfire protection. By aligning our proven wildfire defense technology with WOWS' performance-based insurance model, we are driving demand for our solutions while also helping homeowners regain access to quality coverage."
Robert Feldman, CEO and Founder of WOWS Insurance, stated, "MFB is the ideal partner to enhance our efforts and help us address the growing impact of wildfires on the economics of insurance. Across the industry, the number of uninsured and underinsured properties is increasing at an alarming rate, premiums are skyrocketing, and as a result, there is a growing demand for science-backed wildfire protection. MFB's chemistry offers a safe solution that inhibits ember attacks without relying on continuous water use and remains effective until naturally washed away by rain."
This partnership has the potential to transform how the insurance industry addresses wildfire preparedness and protection. For more information, visit www.mightyfirebreaker.com and wowsinsurance.com.
References:
[1] https://www.stocktitan.net/news/GEVI/mighty-fire-breaker-partners-with-wows-insurance-to-expand-market-prwmo6ehllds.html
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