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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Vesttoo CEO claims the firm has a viable business plan

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

Vesttoo counters creditors’ claims, fights to forge ahead

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

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’.

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