August 9, 2006 |
A second California insurance company broke ranks with its bigger competitors Tuesday and said it would base its premiums on a person's driving record and experience, not where a car is parked. USAA, the state's ninth-largest automobile insurer, said it would cut rates for 318,000 California customers by an average of 5%, lopping about $100 off their annual premiums.
December 23, 1994 |
USAA to Pay $31 Million More in Rebates: United Services Automobile Assn., a San Antonio, Tex.-based auto insurer that sells to military officers and their families, will refund the money to 218,000 California policyholders under Proposition 103, the 1988 rate-cutting initiative, state Insurance Commissioner John Garamendi announced. USAA, which is owned by its policyholders, has already paid about $44 million in rebates as a result of the measure.
CALIFORNIA | LOCAL
February 11, 1992
A federal judge has rejected the bid of the nation's eighth-largest insurance company to dismiss a suit charging that it failed to honor a claim made by a Hancock Park couple after their home was devastated by fire in December, 1990. U.S. District Judge William F. Nielsen also granted the couple's attorneys the right to subpoena records of United Services Automobile Assn.
June 11, 1989
United Services Automobile Assn. has become the first to announce that it will comply with Proposition 103's 20% rate rollback on homeowner's policies. However, the Texas-based company warned its customers in a letter not to expect a similar cut in their auto insurance rates. Marine and renters' rates and rates for earthquake endorsements to homeowner policies also will remain the same. United Services, whose membership is restricted to past and present military officers and their families, insures 104,000 California homeowners, the sixth highest number in California.
August 10, 2001
* Exide Technologies, the largest automotive-battery maker, will cut 1,300 more jobs, or 6.5% of its work force, and said its second-quarter and fiscal-year earnings will be lower than expected as orders from telecommunications customers decline. * * WebMD Corp. posted a second-quarter operating loss of $23.8 million, or 7 cents a share, compared with a loss of $55.5 million, or 28 cents, a year ago, meeting Wall Street's expectations. Revenue jumped 77% to $178.7 million.
July 6, 1991 |
In an unusual move, veteran Los Angeles federal Judge Laughlin E. Waters filed a lawsuit on his own behalf Friday, alleging that a Texas insurance company acted in bad faith in handling Waters' claim after his Hancock Park house was seriously damaged in a fire. Waters, 76, appointed to the federal bench 15 years ago, said it was the first time in his long legal career that he has filed a suit on his own behalf.