USAA News

Nevada Lawsuits Filed Against Auto Insurers over Rates in Pandemic

Class action lawsuits were filed in Nevada against 10 major auto insurance companies this week, contending that the companies charged excessive insurance premiums during the pandemic by failing to account for a drop in driving and crashes. The lawsuits acknowledge …

IICF Hosts Virtual Insurance Industry Gala to Benefit Regional Nonprofit and Charitable Organizations

IICF Southeast Division event will help support more than 20 nonprofits DALLAS (Feb. 1, 2021) –The Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping communities and enriching lives, will host its ninth annual Southeast Division Gala …

Americas Insurance Waiving Separate Deductible in Louisiana After Delta, Laura

Americas Insurance Company will be waiving a separate deductible for Hurricane Delta for Louisiana insureds that were impacted by both Hurricanes Laura and Delta, provided they have satisfied their full named-storm deductible. According to Louisiana Insurance Commissioner Jim Donelon, for …

Progressive, Travelers, USAA Latest to Offer Insureds Discounts, Other Accommodations

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 Insurance announced it is providing approximately $1 billion to its drivers …

Fargo Appointed Chairman of USAA in San Antonio

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. Lyles, who is leaving USAA’s …

Charles Schwab Eyes Purchase of USAA Wealth Management, Brokerage Units: WSJ

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 bring Schwab roughly $100 billion …

Morgan Stanley: State Farm, Allstate Largest Insurers Exposed to Alaska Quake

State Farm, Allstate and USAA have the lion’s share of exposure from the magnitude 7.0 earthquake that struck Alaska on Nov. 30, according to a Morgan Stanley Research brief put out on Monday. The epicenter was roughly 7 miles north …

Startups Selected for Inaugural InsurTech Acceleration Program in Hartford

Hartford InsurTech Hub, an initiative established in 2017 by Hartford, Conn.-based insurance companies, the city of Hartford and CTNext, has selected the 2018 group of 11 startups that will participate in its inaugural acceleration program, The InsurTech Accelerator. Hartford InsurTech …

USAA Among Backers of Home Water Damage Prevention Startup Flo

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 by Crosslink Capital with participation from …

Startupbootcamp Launches Insurtech Accelerator in Hartford

Startupbootcamp, a London-based insurance accelerator that focuses on identifying globally-located disruptive and collaborative insurance and technology innovations, has announced the launch of its new InsurTech Accelerator in Hartford, Conn., designed specifically to rapidly scale insurance-focused technology startups. The InsurTech Accelerator, …