Farmers Insurance Group of Cos. and United Services Automobile Association led the pack among the largest US homeowner insurers increasing premium rates in 2023.
Tag: USAA
USAA Restricts Homeowners Coverage in California
Another home insurance provider will reduce future coverage in California, as other companies have done in previous months in response to costly wildfires.
USAA Tells Staff, Your Remote Job Is No Longer Remote
USAA reclassifies some remote employees as many employers step up in-office requirements.
USAA Insurance Agency to Offer Members Personal Cyber Protection from Blink by Chubb
USAA Insurance Agency and BlinkSM by Chubb® today announced a collaboration to offer personal cyber insurance protection to USAA members and their families. The stand-alone insurance policy covers expenses related to a personal cyber event, including identify theft, fraudulent wire transfer, cyber bullying and ransomware extortion. Blink by Chubb offers a suite of Chubb-backed personal… Continue reading USAA Insurance Agency to Offer Members Personal Cyber Protection from Blink by Chubb
USAA Announces Plans to Acquire Insurtech Company Noblr for Usage-Based Insurance
USAA announced today that it plans to acquire insurtech company Noblr, Inc. to offer usage-based insurance (UBI) to its members. UBI products offer a lower premium, along with a mileage variable, by combining usage and behavioral factors to create pay-as-you-go personalized pricing and opportunity for savings and rewards. This is important for USAA’s military service… Continue reading USAA Announces Plans to Acquire Insurtech Company Noblr for Usage-Based Insurance
USAA Forays into Small Business Insurance Market
USAA, a property-casualty insurer in the US, has announced its entry into the small business insurance market amid increasing demand. The company, which used to offer small business insurance through unaffiliated insurance companies for 30 years, will now offer its own product. Currently, the USAA small business insurance product is available in five states – Arizona, Colorado, Illinois, South Carolina and… Continue reading USAA Forays into Small Business Insurance Market
USAA Announces 3-Year, $50 Million Commitment to Advance Racial Equality
USAA has committed $50 million to nonprofit organizations over the next three years to help improve racial equality and positively address the employment, educational and economic disparities that exist within communities of color and low-income military communities. The goal of our targeted contributions is to help close gaps across education and job training, employment and… Continue reading USAA Announces 3-Year, $50 Million Commitment to Advance Racial Equality
Wells Fargo Told to Pay $102.8 Million in USAA Patent Verdict Case
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 has lost against USAA. In November, a different Texas jury said the bank should pay $200 million for infringing two… Continue reading Wells Fargo Told to Pay $102.8 Million in USAA Patent Verdict Case
State Farm and USAA to Test Blockchain Technology to Automate Insurance Claims
State Farm and USAA know how important it is to invest, innovate and build for the future. During the 2019 Dig In Conference, the two insurance companies announced a joint subrogation solution, and are now using real claims data to test how blockchain technology can improve the speed of the auto claims subrogation process. Subrogation… Continue reading State Farm and USAA to Test Blockchain Technology to Automate Insurance Claims