Porch’s HOA placed under Texas insurance department supervision on Vesttoo exposure
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Porch’s HOA placed under Texas insurance department supervision on Vesttoo exposure

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The Texas Department of Insurance (TDI) has placed Porch Group subsidiary Homeowners of America (HOA) under temporary supervision in relation to its exposure to Vesttoo.

The supervision order provides the state regulators with “more visibility and control during uncertain periods and to ensure that there are sufficient plans to build capital surplus at the carrier”, Porch said Tuesday.

Further,

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