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1 through 13 of 13 matching documents, best matches first.   Sort by date

Insurtech Porch Expands Homeowners of America to 22nd State
Officer Matt Ehrlichman. Porch is broadening distribution to drive premium growth and cash flow over time through its insurance platform, it said in a statement. Porch converted ...
Source: BestWire   Date: May 22, 2026
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Porch Group Posts $30.5 Million in 2024 Fourth-Quarter Net Income
Texas Department of Insurance. It announced its intentions to transform into a reciprocal exchange in the fall of 2024 ( BestWire, Oct. 28, 2024). Shares of Porch Group Inc. ...
Source: BestWire   Date: February 25, 2025
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Insurtech Porch Converts Homeowners Business to Reciprocal Exchange
Insurtech Porch Group Inc. said it has converted its homeowners insurance business to a new reciprocal exchange, which it said will leverage its data to price more accurately and ...
Source: BestWire   Date: January 7, 2025
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Insurtech Porch Plans to Convert Homeowners Business to New Reciprocal Exchange
Insurtech Porch Group Inc. said it plans to convert its homeowners business to a new reciprocal exchange approved by the Texas Department of Insurance. "With this change, Porch ...
Source: BestWire   Date: October 28, 2024
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Porch Sues Gallagher Re Over 'Worthless' Vesttoo Reinsurance Contracts
Gallagher Re and Arthur J. Gallagher Inc. in a Texas court for alleged negligence related to tens of millions of dollars in reinsurance contracts connected with failed insurtech ...
Source: BestWire   Date: May 14, 2024
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Porch Sues China Construction Bank Over 'Fraudulent' Vesttoo Letters of Credit
Porch Group's shareholders as its stock price plummeted." An effort to reach CCB was not immediately successful. A committee of Vesttoo's creditors earlier filed a motion in ...
Source: BestWire   Date: May 10, 2024
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Delaware Court Approves Vesttoo Creditors' Bankruptcy Plan
Bankruptcy Court for the District of Delaware. The court approved the plan and related disclosure statement along with supplement documents, according to the plan order. Formed ...
Source: BestWire   Date: March 4, 2024
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Porch, Aon Release Vesttoo Claims as Part of $30 Million Collaboration
Porch said at the time. Porch said it was also appointed to a statutory committee of unsecured creditors in the Chapter 11 bankruptcy of Vesttoo and intends to pursue recovery of ...
Source: BestWire   Date: January 26, 2024
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Porch Invests $57 Million in HOA Subsidiary, Gaining Vesttoo Claims Rights
Homeowners of America Insurance Co., in part to gain acquisition rights to potential Vesttoo Inc. claims. The investment is in exchange for a $49 million surplus note from HOA and ...
Source: BestWire   Date: September 29, 2023
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Texas Regulators Place Insurtech Carrier Impacted by Vesttoo-Linked Reinsurance Issues Under Supervision
The Texas Department of Insurance placed insurtech Porch Group Inc.'s homeowners carrier under temporary supervision while the company continues to replace $175 million of ...
Source: BestWire   Date: September 5, 2023
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Insurtech Porch Posts $48.2 Million Charge, Seeks Alternatives for Vesttoo-Linked Reinsurance
Porch said in a statement. The company said it investigated and analyzed the impact on its business while communicating with regulators and other key stakeholders. The reinsurance ...
Source: BestWire   Date: August 10, 2023
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Porch Group Estimates $18 Million in Catastrophe Losses From June Storms
Porch said in a statement. The events were "uncommon cat weather events compared to historic trends," so Porch didn't include them in their full-year 2023 guidance, the company ...
Source: BestWire   Date: July 26, 2023
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Porch Group, Covéa Agree to Terminate $48.6 Million CSE Sale
Porch a foothold in California (BestWire, Sept. 10, 2021). In a recent earnings statement, Porch said neither side would owe break up fees because of the termination. Insurtech ...
Source: BestWire   Date: August 19, 2022
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