JS Group , a New York - based property and property damage insurance company , has become the majority owner of Spex for an undisclosed amount in a deal that puts the current management team in place . Spex 's founders were motivated to create the data - driven property inspection platform after working as insurance adjusters in the aftermath of Hurricane Katrina in 2005 . They say the platform provides " greater efficiencies and transparency during the claims handling process " .
JS Held, a New York-based construction and property damage consulting company, has become the majority owner of Spex for an undisclosed sum in a deal that leaves the current management team in place. Spex's founders were motivated to create the data-driven property inspection platform after working as loss adjusters in the aftermath of Hurricane Katrina in 2005. They say the platform offers "greater efficiencies and transparency during the claims handling process".