USAA News

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, …

More Insurers Disclosing Climate Change Risks, Report Shows

Insurers in the U.S. are increasingly willing to disclose their risk management practices related to climate change, and that in part may be attributable to last year’s global accord in Paris and shifting attitudes in the business world on the …

Internet of Things Is Industry Disruptor that Could Benefit Innovators: Efma Report

The steady advance of the internet of things (IoT) presents a huge number of opportunities for insurers – as well as threats, according to a digest published by Efma*. The rise in connected homes, connected cars and the use of …

Winners of 1st Innovation in Insurance Awards Are ‘Change Leaders’

The winners of the first annual Innovation in Insurance awards include Allianz, AXA, Europ Assistance, MS&AD Insurance, and USAA. The program, jointly launched by Efma and Accenture, seeks to reward and foster innovation in the industry, and recognizes the most …

USAA to Close Wealth Management Office in Philadelphia

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 filed this month with the Pennsylvania Department of Labor and …

North Carolina Couple Charged with Defrauding Insurance Company

A Fayetteville, North Carolina, couple is accused by authorities of trying to defraud an insurance company after submitting altered receipts for property they said was stolen. The Fayetteville Observer reports Maria Alta Bruno and Luidor Lamour, both 34, are charged …

California Commissioner OKs New insurance Products to Fill Ridesharing Gap

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’s California drivers for all ridesharing companies, …

USAA Pledges $2.1M to Fight Veteran Homelessness in San Antonio

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 Homelessness, which was announced by First Lady Michelle Obama …