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CitroTech and Matrix Wildfire Announce Strategic Partnership to Deliver Large Scale Wildfire Mitigation to Communities, Utilities, and Railroads
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--CitroTech (NYSE AM: CITR), a specialty chemical company developing environmentally responsible fire retardant solutions, and Matrix Wildfire (“Matrix”) today announced a strategic partnership that combines Matrix’s high-capacity, Massive Area Fire Denial (MAFD) industrial hardware application with CitroTech’s leading retardant chemistry to establish wide-area defense barriers.Pairing Matrix Wildfire's MAFD predictive spatial intelligence with the only f...
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Best’s Market Segment Report: Record-breaking Catastrophe Bond Issuance in First Half of 2026; ILS Capacity Experiences Rate Softening at Renewals
OLDWICK, N.J.--(BUSINESS WIRE)--Capacity for the insurance-linked securities (ILS) market continues to reach new highs, fueled along by record-breaking catastrophe bond issuances, according to a new AM Best report.The Best’s Market Segment Report, “Record-breaking Catastrophe Bond Issuance in First Half of 2026; ILS Capacity Experiences Rate Softening at Renewals,” is part of AM Best’s look at the global reinsurance industry ahead of the Rendez-Vous de Septembre in Monte Carlo. Other reports, in...
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Monroe Capital Supports Hidden Harbor Capital Partners’ Acquisition of Escape Fire Protection Inc.
CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Escape Fire Protection Inc. (“EFP”) by private equity sponsor Hidden Harbor Capital Partners. Founded in 2003 and headquartered in Vadnais Heights, Minnesota, EFP is a regional fire, life & safety provider serving commercial and industrial customers across Minnesota and the broader Midwest. The comp...
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One Year In: The Resilient LA Delta Fund Has Put 1 in 3 Homes On a Path Towards a Science-Backed Wildfire Standard
LOS ANGELES--(BUSINESS WIRE)--The Resiliency Company, a nonprofit dedicated to mobilizing capital into resilient homes and infrastructure, today announced that over 20 building partners representing a pipeline into one third of homes lost across the Los Angeles region, are now striving towards building to an IBHS Wildfire Prepared Home standard. One year after the launch of the Resilient Delta Fund, this milestone reflects steady progress in bringing together major stakeholders from across the...
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MITER Brands’ PGT® WinGuard® Impact Windows are Top Rated by Consumer Reports®*
VENICE, Fla.--(BUSINESS WIRE)--PGT® Windows and Doors, America’s authority in high-performance windows and doors and part of the MITER Brands portfolio, is pleased to share that its WinGuard® impact-resistant product lines were recognized by Consumer Reports®, the most trusted independent testing resource in the nation, as the Top-Rated Storm Window for 2026. With testing across three performance areas—wind resistance, rain resistance, and impact resistance—WinGuard products achieved the highes...
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Hawk Fire: U-Haul Offers Disaster Relief to Reno Area Evacuees
RENO, Nev.--(BUSINESS WIRE)--Four U-Haul® facilities are offering 30 days of free self-storage and U-Box® container use to residents affected by the Hawk Fire burning northwest of Reno. The human-caused wildfire has burned more than 15,000 acres and prompted at least 42,000 evacuations, according to reports. Containment remains at 0% as of Monday. While certain areas along Interstate 80 have been deemed safe for residents to return, other families remain away from home or are preparing to leave...
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Regions Bank and the Regions Foundation Announce Flood-Recovery Response for Indiana Communities
INDIANAPOLIS--(BUSINESS WIRE)--Regions Bank on Monday announced a series of disaster-recovery financial services designed to help people and businesses in Indiana following catastrophic flooding that started Aug. 11, 2026. Additionally, the Regions Foundation, a nonprofit funded primarily by Regions Bank, announced a commitment of $25,000 in grant funding to support American Red Cross disaster relief efforts. The financial services announced by Regions Bank are available in portions of Indianap...
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ComEd Sending More Than 60 Employees to Assist NIPSCO with Restoration Work
CHICAGO--(BUSINESS WIRE)--Following the restoration of more than 410,000 customers after multiple rounds of severe weather in northern Illinois, ComEd is deploying more than 60 of its own employees to northwest Indiana to help NIPSCO complete restoration for its customers. More than 374,000 NIPSCO customers were initially impacted by the severe weather that moved through the area, and more than 30,000 remain without power. ComEd employees departed for Indiana on Aug. 22 and will remain in the a...
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SCE Brings Wildfire Recovery Compensation Program Directly to Communities Ahead of Nov. 30 Deadline
ROSEMEAD, Calif.--(BUSINESS WIRE)--Southern California Edison today announced a series of additional events in August where community members directly impacted by the Eaton Fire can learn more about the Wildfire Recovery Compensation Program and get help starting a claim. To date, nearly 13,300 participants have already sought compensation directly through the program. “We want community members to have easy access to information and support as they consider their recovery options,” said Pedro...
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The O.H.I.O. Fund Announces Lead Investment in Sonic Fire Tech's Seed Round; Khosla Ventures Reinvests, Capping Cleveland Startup's Seed Funding at $15M
CLEVELAND--(BUSINESS WIRE)--The O.H.I.O. Fund, a private fund investment adviser seeking to generate strong returns for investors while creating economic growth in Ohio, today announced it is leading a new round of funding in Sonic Fire Tech, a NASA-inspired fire tech startup developing infrasound-based fire defense systems. Khosla Ventures, one of the company's original lead investors, is doubling down, and existing backers Third Sphere and AirAngels continue to support the company. This round...