Latest USAA Headlines
All the headlines from our USAA Topic Page, ordered by recency.
Analysts Warn of Effects of Hurricane Laura Losses on P/C Insurers
Aug 27 2020 // Ratings analysts A.M. Best and Moody’s are expecting property/casualty insurers and reinsurers to suffer meaningful losses from Hurricane Laura. A.M. Best expects losses from Hurricane Laura to place added stress on...
Progressive, Travelers, USAA Latest to Offer Insureds Discounts, Other Accommodations
Apr 9 2020 // More insurers are coming forward every day with discounts, extended coverage and relaxed payment terms for insureds affected by shelter-in-place and other conditions required during the coronavirus crisis. Progressive...
Jury Orders Wells Fargo to Pay $102.8 Million in USAA Mobile Deposit Patent Case
Jan 13 2020 // Wells Fargo & Co. was told to pay $102.8 million after a federal jury in Texas said in infringed United Services Automobile Association’s patents for a mobile deposit system. It’s the second trial Wells...
Fargo Appointed Chairman of USAA in San Antonio
Aug 27 2019 // Retired U.S. Navy Adm. Thomas B. Fargo has been named chairman of San Antonio-based USAA. Adm. Fargo is the financial services and insurance group’s 22nd chairman. He succeeds retired U.S. Air Force Gen. Lester L....
Schwab to Buy USAA Investment Management Firm’s Assets for $1.8 Billion
Jul 26 2019 // The Charles Schwab Corp. has agreed to acquire assets of USAA’s investment management company, including brokerage and managed portfolio accounts, for $1.8 billion in cash. The companies have also agreed to enter...
Charles Schwab Eyes Purchase of USAA Wealth Management, Brokerage Units: WSJ
Jul 18 2019 // Charles Schwab Corp. is in talks to buy brokerage and wealth-management operations from USAA for about $2 billion, the Wall Street Journal reported on Monday, citing people familiar with the matter. The deal, which could...
Allstate, State Farm, USAA Sue California Utility Over Wildfires
Jan 8 2019 // Several insurance companies have filed lawsuits blaming Pacific Gas & Electric Co. for a deadly California wildfire that destroyed 14,000 homes and triggered billions of dollars in insurance claims. The lawsuits filed...
Weiss Ratings Names Strongest, Weakest Homeowners Insurers in Texas
Jun 20 2018 // Palm Beach Gardens, Florida-based Weiss Ratings has named the six strongest providers of homeowners insurance doing business in Texas that are financially ready for the 2018 hurricane season. At the same time, Weiss...
USAA Among Backers of Home Water Damage Prevention Startup Flo
Nov 20 2017 // Flo Technologies has unveiled Flo, an intelligent home water monitoring and conservation system that promises to help reduce water damage insurance claims. The startup has raised a total of $11.5 million from investors led...
Insurer USAA Caught in Hannity TV Advertising Controversy
May 30 2017 // Financial services firm USAA, facing a backlash to its decision to pull advertising from Sean Hannity’s show on Fox News Channel, says it is withdrawing from other opinion-based television programs. The company,...
Why the Insurance Industry Supports and Hires Veterans
Feb 8 2017 // Many property/casualty insurance carriers have focused their charitable efforts on veterans, and they’ve done so for a number of good reasons. One important reason for adopting veterans causes was explained by Glenn...
USAA to Close Wealth Management Office in Philadelphia
May 27 2016 // The United Services Automobile Association (USAA) will close a wealth management office located in Philadelphia, effective July 19, according to the Worker Adjustment and Retraining Notification Act notice the company...
President of USAA Property and Casualty Insurance Group to Retire
Feb 25 2016 // Alan Krapf, president of San Antonio-based USAA Property and Casualty Insurance Group, has announced his intention to retire. USAA has begun the process of identifying internal and external candidates for the role. Once a...
California Commissioner OKs New insurance Products to Fill Ridesharing Gap
Jan 21 2016 // California Insurance Commissioner Dave Jones approved a new insurance product by USAA designed to close the gap in insurance coverage for drivers driving for all ridesharing companies. The product is now available to...
USAA Pledges $2.1M to Fight Veteran Homelessness in San Antonio
Jan 11 2016 // Insurer USAA has pledged $2.1 million to help end veteran homelessness in San Antonio. The company said USAA’s pledge was inspired by the White House Administration’s Mayors Challenge to End Veteran...
Massachusetts OKs USAA’s Rideshare Gap Policy
Nov 2 2015 // Massachusetts Gov. Charlie Baker and the Division of Insurance announced on Oct. 19 that the United Services Automobile Association (USAA) has been approved to offer additional “gap protection” coverage to its...
USAA to Offer Rideshare ‘Gap Protection’ Coverage in Massachusetts
Oct 20 2015 // Massachusetts Gov. Charlie Baker and the Division of Insurance announced that the United Services Automobile Association (USAA) has been approved to offer additional “gap protection” coverage to its...
Drone Services Firm Names USAA Advisor Swain as VP of Insurance
Sep 16 2015 // A company that specializes in putting drones to work for companies has hired an advisor from USAA Insurance to be its vice president of insurance. The Washington, D.C.-based drone service firm, Measure, announced the...
USAA Piloting Auto Insurance Quotes in California Through Google Compare
Jun 23 2015 // California drivers shopping for auto insurance online can now receive USAA rate quotes and coverage information in their Google search results through the Google Compare service that debuted in March 2015. USAA is piloting...
Insurers AIG, USAA Receive OK to Test Use of Drones
Apr 8 2015 // Two more insurers have received approval to test the use of unmanned aerial vehicles (UAVs), or drones, for their business. The Federal Aviation Administration (FAA) has approved requests from USAA and American...
