Brief: Porch Group Announces Cash Investment In Hoa, Its Insurance Carrier

Porch

27/09/2023 22:16

Sept 27 (Reuters) - Porch Group Inc  PRCH.O :
    * PORCH GROUP ANNOUNCES CASH INVESTMENT IN HOA, ITS
INSURANCE
CARRIER
    * PORCH GROUP INC: CASH INVESTMENT OF $57 MILLION TO ITS
INSURANCE
CARRIER SUBSIDIARY, HOMEOWNERS OF AMERICA INSURANCE COMPANY
    * PORCH: CASH INVESTMENT TO HOA IN EXCHANGE FOR $49 MILLION
SURPLUS NOTE FROM HOA, ACQUISITION OF HOA'S RIGHTS TO SOME
POTENTIAL CLAIMS CONNECTED TO VESTTOO

Source text for Eikon:  ID:nGNX85Prgn 
Further company coverage:  PRCH.O 

 ((Reuters.Briefs@thomsonreuters.com;))