Porch Group invests $57mn in HOA as Vesttoo fallout continues
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Porch Group invests $57mn in HOA as Vesttoo fallout continues

The investment comes in exchange for a $49mn surplus note from HOA and the acquisition of HOA’s rights to potential claims stemming from the Vesttoo fraud.

By Samuel Casey Shelby Rosenberg
January 26, 2024
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
porch group homeowners of america logo.jpg

Porch Group has invested $57mn into insurance subsidiary Homeowners of America Insurance Company (HOA), which was embroiled in the Vesttoo scandal.

The

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News InsurTech Aon Vesttoo Stocks
Gift this article