The investment reflects the Company's proactive approach to reducing wildfire risk before it turns into loss and is part of Mercury's broader effort to strengthen community resilience and support long-term insurance availability and affordability in wildfire-prone regions, particularly in California.

As insurers, communities, and policymakers continue to grapple with the challenges of obtaining affordable home insurance in wildfire risk areas, Mercury is leaning into solutions that can reduce risk. The Company is pairing real-world mitigation with new ways of thinking about how to better respond to a dynamic environment with increasing uncertainty.

BurnBot develops and operates robotic, data-driven systems designed to carry out hazardous fuels reduction and vegetation management at scale. The company works with public agencies, utilities, and communities to reduce wildfire risk across the wildland-urban interface.

Through this investment and partnership, Mercury and BurnBot will explore risk reduction strategies for communities facing wildfire risk with the goal of helping them become safer and more insurable over time.

The partnership will initially focus on California, where BurnBot's mitigation efforts are already underway, with the potential to expand over time based on results and learnings.