Southern California Wildfires Highlight need for Improved Building Technologies

January 13, 2025

DENVER, Colo., Jan 13, 2025 (247marketnews.com)- The global insurance industry is reaching a breaking point, with relentless wildfires making regions, like Southern California, increasingly uninsurable. Insurers are pulling out of high-risk markets or dramatically increasing premiums, leaving homeowners financially vulnerable and unprotected.

 

JPMorgan (NYSE: JPM) believes that the insurance industry losses from the California fires will be “high but manageable”, with Allstate (NYSE: ALL), Travelers (NYSE: TRV), and Chubb (NYSE: CB) taking the biggest hit.

 

NEXBOARD
This growing crisis underscores the urgent need for resilient building solutions that can mitigate risk and restore insurability. Xeriant’s (OTCQB:XERI) NEXBOARD presents a groundbreaking opportunity to address this challenge.

 

NEXBOARD is an advanced, eco-friendly construction panel crafted from recycled plastic and cardboard waste, infused with proprietary green fire-retardant chemicals. Its notable fire resistance quality is proven in a rigorous 5-minute flame test at temperatures between 2,000ºF and 3,600ºF.

5 Minute Flame Test – Estimated 2,000º-3,600ºF- The ¼” thick (6.35 mm) 4’ x 8’ NEXBOARD panel experienced minimal heat transfer, showing only 86 degrees Fahrenheit on the back side, showing no flame spread and minimal degradation

Traditional building materials cannot offer this level of protection and are highly prone to ignition and destruction during wildfires. The increasing severity of wildfires in Southern California highlights the fragility of conventional construction methods. Airborne embers and radiant heat can ignite homes from miles away, compounding the devastation. By integrating NEXBOARD into building designs homeowners may reduce the risk of structural fires. This proactive approach helps protect properties and is more attractive to insurers, potentially stabilizing or lowering premiums in high-risk areas.

In addition to fire resilience, NEXBOARD is waterproof, mold-resistant, and insect-proof, offering comprehensive durability in various disaster-prone environments. Its insulating properties enhance energy efficiency, which should reduce utility costs. Furthermore, NEXBOARD supports sustainability by repurposing waste and contributing to a circular economy, making it a responsible choice for rebuilding resilient communities.

 

Incentivizing Improvements

Insurers often incentivize their clients to opt for the superior products. For example, insurers typically provide attractive discounts for hail resistant roofs, including metal roofs and class 4 shingles.

 

The financial impact of becoming uninsurable is profound. As insurance costs surge or coverage disappears, many homeowners are left exposed to total loss. Using fire-resistant materials directly addresses this issue and may encourage insurers to maintain coverage in vulnerable regions.

The world is on the brink of an insurance crisis, driven by escalating natural disasters. NEXBOARD is an innovative solution that offers a pathway to protecting homes and ensuring long-term financial security for homeowners.

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This is sponsored content 247 MARKET NEWS INC has been compensated, or expects to be, to produce and distribute digital content for Xeriant. It should be expressly understood that 247 is not operated by a licensed broker, a dealer, or a registered investment adviser. It should also be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. 247 reports/releases are commercial advertisements and are for general information purposes ONLY. The information made available by 247 is not intended to be, nor does it constitute, investment advice or recommendations. The editor of 247 owns XERI shares and may sell some or even all of the shares that they own during and/or after this engagement period. Always do your own due diligence prior to investing in any publicly traded company.

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