Porch discloses Vesttoo-linked charge of $48.2m in Q2 results

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Reinsurance News - Aug 09, 2023

Software-driven financial services firm Porch Group has revealed exposure to reinsurance contracts arranged via Vesttoo and has thus realised a charge of $48.2 million in its Q2 results. Porch noted that in Q3, Homeowners of America (HOA), a subsidiary of Porch Group, discovered that Vesttoo, which...

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