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Homeowners of America, a Porch Group Subsidiary, Introduces Services in Nevada as Part of Nationwide Expansion Plan

Homeowners of America, a Porch Group Subsidiary, Introduces Services in Nevada as Part of Nationwide Expansion Plan
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Proptech CEO pay, the #s behind Sonder's $2.2B SPAC deal


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Proptech CEO pay, the #s behind Sonder’s $2.2B SPAC deal
Plus, a startup that tracks our cell phones raised $50M
National /
Proptech’s payday
A year ago, Redfin CEO Glenn Kelman said he would forgo a salary after the tech brokerage had to furlough 40 percent of agents and staff. Other CEOs followed suit.
But in the end, the pandemic didn’t cause a housing meltdown or a meaningful deterioration in CEO pay.
In 2020, CoStar’s Andy Florance was compensated $21.3 million, according to the company’s recently filed proxy statement. Behind him was eXp World Holdings’ Glenn Sanford with $15.9 million and Zillow’s Rich Barton with $8.4 million. Kelman stuck to his word and collected a salary of $63,609 (instead of $300,000). Sanford also took a smaller salary $656,480 ins ....

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


Porch completes $100M Homeowners of America acquisition, doubling down on insurance market
April 6, 2021 at 7:18 am
Matt Ehrlichman, Porch founder and CEO. (Porch Group Photo)
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.
“The plan is to expand very, very aggressively across the vast majority of states,” said Matt Ehrlichman, the Porch founder and CEO, in an interview this week. At the same time, he acknowledged that it won’t happen overnight, saying that it will take the “better part of a year to make a meaningful dent” in the overall Homeowners of America expansion plans. ....

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