14 August 2023Insurance

Homeowners of America hit in Vesttoo collateral scam, plots legal steps

Homeowners of America (HOA), a managing general agent and insurance carrier hybrid, emerged amongst victims of the rising collateral scandal at insurtech ILS platform Vesttoo, taking a $48.2 million charge against second quarter earnings as early recovery actions against a flawed deal came up short.

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Homeowners of America hit in Vesttoo collateral scam, plots legal steps

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