Originally Posted by
e6bpilot
I think USAA is starting to cast their net too wide in an effort to appease their shareholders and make money in the short term. The ads on TV are telling. They used to have an extremely low risk pool of insured members, which kept rates fairly low. Now you can get USAA insurance if your mom or dad spent 6 months in the Army and got a general discharge.
Interesting, because I always thought that USAA started out as a mutual company and has never changed that status, which means that the company is in effect, owned by their policyholders. As far as I know, there are no "shareholders", other than those insured.