December 9, 2024
When hurricanes hit coastal areas, property insurers often breathe a sigh of relief when much of the damage appears to be the result of storm surge and flooding – losses that aren’t covered by most homeowners’ policies. But after Hurricane …
April 12, 2024
USAA is laying off 220 employees in an effort to reprioritize positions amid changing business needs, the San Antonio-based insurer announced this week. This is the latest round of layoffs at USAA, which let go of nearly 1,000 employees in …
June 29, 2023
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 …
January 28, 2021
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, …
July 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 into a long-term referral agreement that will make …
January 22, 2014
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 …