New auto claims-handling rules take effect Oct. 18 Washington state Insurance Commissioner Patty Kuderer has fined USAA Casualty Insurance Co. $140,000 and Allstate Vehicle and Property Insurance Co. $90,000 for claim-handling violations, including USAA total loss settlements that left out sales tax or fees on 254 claims. The Office of the Insurance Commissioner (OIC) announced […]
Georgia Approves USAA Auto Insurance Rate Reduction Totaling $33 Million in Savings
Georgia Insurance and Safety Fire Commissioner John F. King announced June 25 that the USAA group of companies will cut auto insurance rates in the state, an overall group reduction of about 2.6% that the office estimated will save more than 200,000 Georgia policyholders roughly $33.2 million. The reduction combines decreases across three USAA underwriting […]
USAA to Return Nearly $1 Billion to Florida Members in Dividends and Auto Insurance Rate Cuts
USAA said June 8 it will distribute a $500 million dividend to about 830,000 Florida auto insurance policyholders, the largest single piece of nearly $1 billion in rate reductions and direct member returns the insurer expects to deliver in the state between December 2025 and July 2026. The San Antonio, Texas-based insurer, which serves military […]
Progressive Closes Gap with State Farm as Top U.S. Auto Insurers Reshape Market in 2025
Private passenger auto insurance premiums earned surpass $369 billion. Total direct premiums earned on private passenger auto insurance reached $369.6 billion in the U.S. in 2025, up 5.6% from $349.9 billion in 2024, according to data released March 18 by the National Association of Insurance Commissioners (NAIC). The growth rate moderated significantly compared to recent […]
Florida’s Top 5 Auto Insurance Groups Indicate Average 8% Rate Decrease for 2026
Insurance commissioner credits legislative reform for reductions. Florida’s five largest auto insurance groups are indicating an average rate decrease of 8% for 2026, Florida Insurance Commissioner Mike Yaworsky announced March 5. The five groups — Progressive, Berkshire Hathaway (GEICO), State Farm, Allstate and USAA — collectively represent 78% of Florida’s auto insurance market. One of […]
USAA Files for 7% Auto Insurance Rate Decrease in Florida
USAA has filed for a 7% average decrease in auto insurance rates in Florida. The rate decrease is expected to take effect by May 2026 and would result in an estimated $125 million in annual savings for the insurer’s Florida policyholders. USAA serves military members, veterans and their families. “Every dollar counts for our active-duty […]
Progressive Edges Out State Farm to Claim Lead in US Total Auto Premiums Written
Direct premiums written for private passenger and commercial auto insurance at Progressive up over 22%. Progressive Insurance Group ascended to the top of the U.S. total automobile insurance ranking list that combines private passenger and commercial insurance with a 16.4% market share in 2024, just edging out former No. 1 State Farm Group’s 16.2% market […]
Juan Andrade Named President and Chief Executive Officer at USAA
The USAA Board of Directors announced the appointment of Juan C. Andrade as its next president and Chief Executive Officer, effective April 2. Andrade has served on USAA’s Board of Directors for the last four years and brings nearly 40 years of leadership experience as a public servant and in the financial services industry. During […]
USAA’s President and CEO Wayne Peacock to Retire in 2025
USAA announced that Wayne Peacock plans to retire as President and CEO after a 36-year career at the company, including nearly five as CEO. He will retire in the first half of 2025. “Wayne has always answered the call to serve and the Board is thankful for his leadership,” said USAA Board Chairman, retired Navy […]
State Farm Premiums Written Up Nearly 24% in Second Quarter
S&P Global says the company remains largest auto insurer in the U.S. State Farm Mutual Automobile Insurance Co. remained the largest personal auto insurer in the US during the second quarter amid a record quarter for the sector, according to an S&P Global Market Intelligence analysis. The insurer’s direct premiums written surged nearly 24% — […]
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