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USAA has been in business since 1922, providing auto, life, homeowners, health, and property insurance exclusively to active duty military, veterans, and their families, serving more than 13 million members nationwide. The company has an excellent reputation for financial stability and customer satisfaction. NextAdvisor named USAA one of the best car insurance providers for veterans.
While not everyone is eligible for a USAA product, experts agree it’s worthwhile to get a quote if you are qualified. If you can secure auto, life, and homeowners insurance at a lower cost, it can help your budget.
Here’s a breakdown of USAA’s product offerings and the benefits and drawbacks of becoming a member.
Former Alabama Insurance Commissioner Mike Weaver Dies at 70 April 29, 2021
Mike Weaver, who served as Alabama Insurance Commissioner under Gov. Guy Hunt from 1988 to 1993, passed away Sunday after an extended illness. He was 70.
Weaver was a longtime resident of Randolph County, a graduate of Randolph County High School and Auburn University. For 28 years he was owner of Weaver and Associates Insurance Consultants.
From 1973 until 1988, Weaver was involved in various positions in the life insurance industry, ending as regional underwriting manager for reinsurance in the Southeast Region for American United Life in their Atlanta office.
Mike Weaver
In 1988, he was named Alabama’s Insurance Commissioner where he organized, supervised, and administered the Alabama Department of Insurance for nearly five years.
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COLUMBUS, Ohio, April 29, 2021 /PRNewswire/ The companies of the Rockingham Mutual Group, Inc. have been assigned Financial Stability Ratings
® (FSRs) by Demotech, Inc. The following companies have been assigned an FSR from Demotech:
Rockingham Insurance Company has earned an FSR of A (A Prime),
Unsurpassed
Unsurpassed
Unsurpassed.
The FSR of A (A Prime),
Unsurpassed, is assigned to insurers who possess unsurpassed financial stability related to maintaining positive surplus as regards policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves (L&LAE), and realistic pricing.
FSRs summarize Demotech s opinion of the financial stability of an insurer regardless of general economic conditions or the phase of the underwriting cycle. FSRs utilize statutory financial data based on insurance accounting principles prescribed or permitted by the National As