United Services Automobile Association (USAA) News

USAA Settles Georgia Class Action on Underpaid Taxes in Auto Claims

A federal judge in Georgia has given preliminary approval to a $2.3 million settlement in a class-action lawsuit that charged USAA Casualty Insurance Co. with underpaying for taxes on totaled vehicles. “The Court finds, subject to the final fairness hearing …

USAA, Serving Military and Veterans, Enters Small Business Insurance Market

The insurer that targets members of the military and veterans, USAA, is going to start writing its own small business insurance policies for the first time. The company will initially offer the coverage in five states – Arizona, Colorado, Illinois, …

Schwab to Buy USAA Investment Management Firm’s Assets for $1.8 Billion

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 into a long-term referral agreement that will make …

Michigan Woman Ordered to Stop Unlicensed Insurance Sales

The Michigan Department of Insurance and Financial Services (DIFS) recently ordered Irene Bess of Detroit to cease and desist from the sale of insurance in the state. At the company’s request, DIFS conducted an investigation of activities involving United Services …