Porch shares soar 55% on $14M Q3 profit and restructuring plan

Regulators have signed off on plans to restructure insurance business into a company that’s owned by policyholders and operated by Porch, insulating it from catastrophic weather events. Continue reading

Digital insurance marketplace Matic grows mortgage clientele

With new clients including USA Mortgage and New American Funding, Matic says it’s doing business with more 100 mortgage lenders and servicers that together process 20 percent of U.S. home loans. Continue reading

Intel unpacks the startling price of entry into the US housing market

Economists, homeowners and agents broke down the alarming but true cost of buying property in 2023, telling Intel that rising rates and home prices are only the start for wallet-stretched buyers. Continue reading

Americans are moving into flood-prone cities at alarming rate: Data

Migration into flood- and wildfire-prone counties has more than doubled since the COVID-19 pandemic began, according to a Redfin analysis of domestic migration data released Monday. Continue reading

Amid growing insurance crisis, Farmers pulls out of Florida

A number of insurance providers have left Florida over the last year, apparently driven away thanks to extreme weather and a challenging legal landscape. Continue reading