28 September 2023Insurance

Homeowners of America taps parent to plug gap from Vesttoo fraud

Homeowners of America (HOA), a managing general agent and insurance carrier hybrid, has covered a charge from the Vesttoo collateral scandal with cash financing from its parent, IT company Porch Group.

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Alternative Risk Transfer

Vesttoo names founders & former execs as source of ‘billions’ in fraud

8 September 2023 The ‘vast majority’ of collateral between 3 banks and 2 investors ‘largely illusory’.

Vesttoo counters creditors’ claims, fights to forge ahead

24 October 2023 Vesttoo says the committee is ‘disrupting’ its ability to restructure.

Vesttoo CEO claims the firm has a viable business plan

25 October 2023 Unsecured creditors say reorganisation plan is throwing good money after bad.

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