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

GeekWire

Based in Irving, Texas, Homeowners of America operates in six states but is licensed to operate in 31 states. 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 The company, founded in 2012, has yet to turn a profit.

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Amazon adds new Prime benefit with One Medical virtual and in-person health care service

GeekWire

The Prime One Medical membership benefit features video chats with licensed providers, including an in-app “Treat Me Now” feature for common concerns such as cold and flu, skin issues, allergies, urinary tract infections, and more, according to Amazon. and pay for these visits with insurance or out of pocket. at the end of last year.

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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.

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Senators ask regulators to investigate bank and crypto ties, citing Washington state bank

GeekWire

By acquiring Farmington, Moonstone received a banking charter , a business license required for U.S. Its net worth was $5.7 million, according to the Federal Deposit Insurance Corporation, and it did not offer online banking or credit cards. Warren and Smith reference a Nov. according to its LinkedIn page.

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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.”.

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Moonstone Bank, the Washington state bank with ties to FTX, will wind down crypto operations

GeekWire

By acquiring Farmington, Moonstone received a banking charter , a business license required for U.S. Its net worth was $5.7 million, according to the Federal Deposit Insurance Corporation, and it did not offer online banking or credit cards. 23 that FBH, the parent company of Farmington State Bank, received $11.5

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11 ways to reduce your IT costs now

CIO Business Intelligence

The net result is that some organizations’ technology debts are growing faster than anything else and robbing them of their budgets and ability to innovate.” Contractors and vendors should be treated like your car insurance,” says Pratt. Billing errors, overprovisioning of licenses, and changes in capacity are other things to look for.