USAA Joins AIA
NU Online News Service, Dec. 17, 8:30 a.m. EST--The American Insurance Association announced that USAA has become the newest member of the Washington-based property-casualty insurer organization.
"We are proud that USAA has chosen to join AIA," said AIA President Robert E. Vagley. "USAA is an exceptional, diversified financial services operation that constantly provides valuable benefits to its members. AIA endeavors to provide our members with a similarly high level of service, while delivering meaningful results in the public policy arena. We appreciate that USAA recognizes the value of AIA membership and is becoming part of our family."
USAA has been serving military members and their families since 1922, and has become one of America's leading financial services companies. USAA is well known for its exceptional service, and offers its 4.9 million members a comprehensive range of insurance, banking and investment products. Headquartered in San Antonio with offices throughout the United States and Europe, USAA owns or manages assets of $65 billion.
"USAA is pleased to join an outstanding organization which will play an important role in our ability to provide world-class service to our members," said Bob Davis, chairman and CEO of USAA. "As an association that is dedicated to the financial well-being of our members, USAA has found a valuable partner in AIA, and we look forward to a long and mutually beneficial relationship with this highly regarded industry group."
"AIA is committed to the creation and maintenance of a highly competitive and nimble national insurance market," Vagley added. "This is the best way--really, the only way--for insurers to successfully meet policyholders' ever-changing needs."
He added that AIA and USAA "share the view that a modernized, uniform regulatory environment is essential to increasing the types and availability of property-casualty insurance products, as well as establishing true risk-based pricing. We look forward to working with USAA and our other partners to make such a market reality."
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