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

Samuel Casey
September 28, 2023
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Porch Group has invested $57mn into insurance subsidiary Homeowners of America Insurance Company (HOA), which was embroiled in the Vesttoo scandal.

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.

The

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Samuel Casey
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