Remove .Net Remove Enterprise Remove Insurance Remove Security
article thumbnail

Prudential to shut down Assurance, the insurance tech startup it acquired for $2.35B in 2019

GeekWire

GeekWire File Photo / Taylor Soper) Insurance giant Prudential is shutting down Assurance IQ , five years after spending $2.35 Assurance uses technology to match consumers with insurance plans that are purchased online or through an agent. ” Prudential reported first quarter net income of $1.1 billion, down from $1.46

Insurance 131
article thumbnail

Porch Group announces two more acquisitions for a total of more than $94 million

GeekWire

million; and a deal to acquire California-based CSE Insurance for $48.6 million in cash, subject to approval by the California Department of Insurance. for a total of $35 million; and Irving, Texas-based insurance company Homeowners of America for $100 million in cash and stock. Its quarterly net loss widened to $16.3

Groups 87
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Porch completes $100M Homeowners of America acquisition, doubling down on insurance market

GeekWire

Porch says it will use the acquisition to build its national footprint in the home insurance market. Porch cut its net loss in half in 2020, to $51.6 Porch then uses that access to connect homebuyers to movers, insurance agents, home security firms, TV/internet companies and other service providers, making money on transaction fees.

article thumbnail

Porch makes $35M acquisition; reshuffles board; revenue up 200%; loss grows; PPP loan forgiven

GeekWire

Its quarterly net loss widened to $16.3 Other deals this year include the acquisition of Irving, Texas-based insurance company Homeowners of America for $100 million in cash and stock, expanding Porch’s footprint in the insurance tech market. million, exceeding analysts’ expectations. million, vs. a loss of $6.3

article thumbnail

Newly public, Porch makes 4 acquisitions for more than $122M, discloses larger-than-expected loss

GeekWire

Three weeks after its stock market debut, Seattle-based home services technology company Porch Group announced four acquisitions , including an agreement to buy Irving, Texas-based insurance company Homeowners of America for $100 million in cash and stock, expanding its footprint in the insurance tech market.

article thumbnail

This forensic accounting startup in Seattle is helping lawyers solve fraud investigations

GeekWire

Valid8 Financial sells a forensic accounting platform to lawyers, CPAs, and other enterprise and government customers that use the software to organize and analyze the flow of funds. Common use cases include divorce disputes between high net-worth individuals, insurance companies auditing for Medicare fraud, and chapter 11 bankruptcies.

article thumbnail

Porch Group makes unusual promise in latest acquisition — guaranteeing its stock will double

GeekWire

Big deals have become almost run-of-the-mill for Seattle-based home services tech company Porch Group , which has been acquiring an array of companies in areas such as home inspections, moving, real estate, and insurance. ” The net impact, he said, is “less dilution and more value for our shareholders.”.

Groups 83