U.S. insurance and home inspection software provider Porch Group is suing China Construction Bank Corp (CCB), the country’s third-biggest lender by assets, for allegedly enabling a “massive fraud” that caused “monumental losses” for Porch.
Tag: HOA
Before Condo Collapse, Rising Seas Have Long Pressured Miami Coastal Properties
The 12-story condominium tower that crashed down early Thursday near Miami Beach was built on reclaimed wetlands and is perched on a barrier island facing an ocean that has risen about a foot in the past century because of climate change. Underneath its foundation, as with Miami Beach, is sand and organic fill -over a… Continue reading Before Condo Collapse, Rising Seas Have Long Pressured Miami Coastal Properties
South Florida Beachfront Condo Partially Collapses
The sea-view side of a beachfront condo tower collapsed in the Miami-area town of Surfside early Thursday, drawing a massing response from emergency services. Miami Dade Fire Rescue was conducting search and rescue operations, and said in a tweet that more than 80 units were “on scene with assistance from municipal fire departments.” Authorities had… Continue reading South Florida Beachfront Condo Partially Collapses
Porch Completes $100M Homeowners of America Acquisition
Porch Group, Inc., a leading vertical software company reinventing the home services industry, successfully completed its previously announced acquisition of Homeowners of America (HOA), making Porch one of the largest Insurance Technology (InsurTech) companies. HOA is a Managing General Agent and insurance carrier hybrid with high margins and a capital efficient reinsurance strategy which limits… Continue reading Porch Completes $100M Homeowners of America Acquisition