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In 2008, USAA expanded membership eligibility to all military personnel and retirees, and all veterans who separated after 1996. For a short time, USAA also offered enrollment for federal law enforcement. [25] In November 2009, USAA expanded eligibility requirements to offer coverage to anyone who has ever served honorably in the US Military.
Brigadier General Robert Francis McDermott (July 31, 1920 – August 28, 2006) was the first permanent Dean of the Faculty at the United States Air Force Academy, and later served as Chairman and CEO of USAA. He is often referred to as the "Father of Modern Military Education" for his contributions to that field.
Starting in 2019, USAA has also faced a number of fines — $3.5 million over customer-related violations, $85 million over compliance and management issues and $140 million over weak protections ...
In theory, a small group of individuals or companies could band together to insure one another and form a reciprocal. In consumer insurance, more recently, entrepreneurs have formed attorneys-in-fact which then form reciprocals by providing the initial capital (often as a surplus note), attracting subscribers, and managing the exchange.
USAA, the financial services company serving military personnel and their families, will pay $62.4 million to resolve a lawsuit claiming it overcharged service members and veterans on interest ...
In response to reports of fraudulent activity, a USAA spokesperson told News 4 San Antonio “bank fraud is an unfortunate reality for financial institutions around the world,” and “USAA ...