Porch Group Agrees To Acquire Allied Trust's Insurance Carrier, Managing General Agency For Initial Price Of $55M In Cash
Porch Group, Inc. ("Porch Group", "Porch" or the "Company") (NASDAQ: PRCH), a new kind of homeowners insurance company, today announced that Porch Insurance Reciprocal Exchange (the
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Why It Matters
Porch Group is buying an insurance business for 55 million dollars. This means Porch is getting bigger and adding more insurance customers to serve.
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