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 . The Spex co-founders said they were motivated to develop their platform after serving as insurance adjusters on Hurricane Sandy claims. 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 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 " .