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Best’s News & Research Service subscription required - September 29, 2023 11:40 AM (EDT)

Porch Invests $57 Million in HOA Subsidiary, Gaining Vesttoo Claims Rights

Insurtech Porch Group Inc. made a cash investment of $57 million to its insurance carrier Homeowners of America Insurance Co., in part to gain acquisition rights to potential Vesttoo Inc. . . .

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Insurtech Reinsurance Capital And Surplus Fraud Homeowners Insurance Fronting Claims

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Related Companies

AMB#	Company Name
013125	Homeowners of America Insurance Company
044955	Porch Group, Inc.

BANKRUPTCY
Delaware Court Approves Vesttoo Creditors' Bankruptcy Plan
Mar 04, 2024 04:22 PM (EST)

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Porch, Aon Release Vesttoo Claims as Part of $30 Million Collaboration
Jan 26, 2024 10:00 AM (EST)

STATE REGULATION
Texas Regulators Place Insurtech Carrier Impacted by Vesttoo-Linked Reinsurance Issues Under Supervision
Sep 05, 2023 02:20 PM (EDT)

REINSURANCE
Insurtech Porch Posts $48.2 Million Charge, Seeks Alternatives for Vesttoo-Linked Reinsurance
Aug 10, 2023 11:00 AM (EDT)

LOSSES
Porch Group Estimates $18 Million in Catastrophe Losses From June Storms
Jul 26, 2023 12:22 PM (EDT)

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