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Porch invests in HOA, buys rights to any Vesttoo fraud related claims

28th September 2023

Porch Group, a software driven financial services group with a homeowners insurance arm, continues to proactively strengthen its business to recover from exposure to the Vesttoo-linked letter of credit (LOC) collateral fraud that affected certain reinsurance deals its Homeowners of America Insurance Company (HOA) subsidiary had entered into.

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