U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Texas > San Antonio
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 01-27-2010, 06:18 AM
 
8 posts, read 19,641 times
Reputation: 14

Advertisements

USAA employees awarded a record 18.8 percent bonus (http://www.mysanantonio.com/business/USAA_employees_awarded_a_record_188_percent_bonus. html - broken link)
Reply With Quote Quick reply to this message

 
Old 01-27-2010, 06:36 AM
 
915 posts, read 1,662,318 times
Reputation: 545
Not bad, not great for the industry.
Reply With Quote Quick reply to this message
 
Old 01-27-2010, 06:40 AM
Status: "Amused by Blue" (set 9 days ago)
 
14,627 posts, read 31,214,976 times
Reputation: 6682
Up from last year's 13.5% and this terrific thread is a reminder:

USAA Employees to receive 13.5% bonus
Reply With Quote Quick reply to this message
 
Old 01-27-2010, 09:59 AM
 
5,635 posts, read 13,974,263 times
Reputation: 2731
Anytime you're involved with the federal sector (ie military) you're going to do good during a down year.
Reply With Quote Quick reply to this message
 
Old 01-27-2010, 10:30 AM
 
Location: Rancho Palos Verdes, California
62 posts, read 126,302 times
Reputation: 128
While I am quite happy for the employees of USAA, I must voice a bit of displeasure with the overall direction of the company. Simply stated, the insurance rates of USAA are less competitive than they were a decade ago. An 18.8% bonus is surprising, especially as I am on the verge of dropping USAA as a property insurer on account of uncompetitive rates. It would appear that the eunuchs are clearly running the palace out on I-10.

Personally, I think USAA is trying to grow "too big" and has become a different company in a quest for market expansion. Once upon a time, it existed for the sole purpose of providing insurance and financial services to military officers and their families - and was simply peerless in this effect. As we the USAA insured "own" the company, there simply is no need to pacify institutional investors or shareholders with policies that boost stock price, as there is no stock. Even a decade ago, USAA was a bit of a "botique" company that advertised membership being an earned priveldge, and was practically a fifth-column of officer benefits. In the rush to bring this fruit to the masses, I think the core is slowly decaying. I don't like how thin the risk pool is spread by offering membership to all manner of federal and military employees. I don't like their increasingly less competitive insurance rates. I don't like how they coast on the brand of 1995 while eschewing those things that made them special in the first place.

USAA's friendly banking system and customer service (as well as willingness to legally anhillate the other party in an auto collision) was a great bonus to a clientele that was dispersed all over the world. I can't help but think that this service will suffer as USAA's banking is now open to the general public, slowly morphing into SACU. USAA was a company where nearly any problem could be resolved with a frank phone call, and you were treated like an officer. When combined with unbeatable insurance rates, this was a world class company. Now it is just a very good company.

An 18.8% bonus for USAA is terrific for the city, and an example of how much better eating from the hand of private enterprise is compared to siphoning "stimulus" money. The employees of USAA deserve every cent for their professionalism and dedication. I simply hope that USAA will be content with its slice of the pie and work on getting insurance premiums back down.
Reply With Quote Quick reply to this message
 
Old 01-27-2010, 10:37 AM
 
615 posts, read 1,328,758 times
Reputation: 416
Quote:
Originally Posted by RonLumbergh View Post
While I am quite happy for the employees of USAA, I must voice a bit of displeasure with the overall direction of the company. Simply stated, the insurance rates of USAA are less competitive than they were a decade ago. An 18.8% bonus is surprising, especially as I am on the verge of dropping USAA as a property insurer on account of uncompetitive rates. It would appear that the eunuchs are clearly running the palace out on I-10.

Personally, I think USAA is trying to grow "too big" and has become a different company in a quest for market expansion. Once upon a time, it existed for the sole purpose of providing insurance and financial services to military officers and their families - and was simply peerless in this effect. As we the USAA insured "own" the company, there simply is no need to pacify institutional investors or shareholders with policies that boost stock price, as there is no stock. Even a decade ago, USAA was a bit of a "botique" company that advertised membership being an earned priveldge, and was practically a fifth-column of officer benefits. In the rush to bring this fruit to the masses, I think the core is slowly decaying. I don't like how thin the risk pool is spread by offering membership to all manner of federal and military employees. I don't like their increasingly less competitive insurance rates. I don't like how they coast on the brand of 1995 while eschewing those things that made them special in the first place.

USAA's friendly banking system and customer service (as well as willingness to legally anhillate the other party in an auto collision) was a great bonus to a clientele that was dispersed all over the world. I can't help but think that this service will suffer as USAA's banking is now open to the general public, slowly morphing into SACU. USAA was a company where nearly any problem could be resolved with a frank phone call, and you were treated like an officer. When combined with unbeatable insurance rates, this was a world class company. Now it is just a very good company.

An 18.8% bonus for USAA is terrific for the city, and an example of how much better eating from the hand of private enterprise is compared to siphoning "stimulus" money. The employees of USAA deserve every cent for their professionalism and dedication. I simply hope that USAA will be content with its slice of the pie and work on getting insurance premiums back down.

I'm not sure what has happened to have your rates change so much, but in the last 5 years, my rates have drastically dropped. I've never had a single issue with USAA in any case I've dealt with them.

Additionally, I don't think the risk pool gets any larger than it was previously, offering services to only Officers. Trust me, they're a risk pool themselves.

I'll be sticking with USAA myself.
Reply With Quote Quick reply to this message
 
Old 01-27-2010, 10:43 AM
 
Location: Rancho Palos Verdes, California
62 posts, read 126,302 times
Reputation: 128
Quote:
Originally Posted by Verio View Post
I'm not sure what has happened to have your rates change so much, but in the last 5 years, my rates have drastically dropped. I've never had a single issue with USAA in any case I've dealt with them.

Additionally, I don't think the risk pool gets any larger than it was previously, offering services to only Officers. Trust me, they're a risk pool themselves.

I'll be sticking with USAA myself.

Fair enough. I've been a client for over 20 years, and my rates have gone up rather inexplicably over the last decade, even as my income far exceeds what I made in uniform. I guess in the end, money talks.........
Reply With Quote Quick reply to this message
 
Old 01-27-2010, 10:46 AM
 
Location: NoVA
1,383 posts, read 2,270,885 times
Reputation: 1930
Same here, I'm not leaving USAA either.
Reply With Quote Quick reply to this message
 
Old 01-27-2010, 12:36 PM
 
Location: San Antonio-Westover Hills
6,878 posts, read 18,214,854 times
Reputation: 5152
Quote:
Originally Posted by RonLumbergh View Post
While I am quite happy for the employees of USAA, I must voice a bit of displeasure with the overall direction of the company. Simply stated, the insurance rates of USAA are less competitive than they were a decade ago. An 18.8% bonus is surprising, especially as I am on the verge of dropping USAA as a property insurer on account of uncompetitive rates. It would appear that the eunuchs are clearly running the palace out on I-10.

Personally, I think USAA is trying to grow "too big" and has become a different company in a quest for market expansion. Once upon a time, it existed for the sole purpose of providing insurance and financial services to military officers and their families - and was simply peerless in this effect. As we the USAA insured "own" the company, there simply is no need to pacify institutional investors or shareholders with policies that boost stock price, as there is no stock. Even a decade ago, USAA was a bit of a "botique" company that advertised membership being an earned priveldge, and was practically a fifth-column of officer benefits. In the rush to bring this fruit to the masses, I think the core is slowly decaying. I don't like how thin the risk pool is spread by offering membership to all manner of federal and military employees. I don't like their increasingly less competitive insurance rates. I don't like how they coast on the brand of 1995 while eschewing those things that made them special in the first place.

USAA's friendly banking system and customer service (as well as willingness to legally anhillate the other party in an auto collision) was a great bonus to a clientele that was dispersed all over the world. I can't help but think that this service will suffer as USAA's banking is now open to the general public, slowly morphing into SACU. USAA was a company where nearly any problem could be resolved with a frank phone call, and you were treated like an officer. When combined with unbeatable insurance rates, this was a world class company. Now it is just a very good company.

An 18.8% bonus for USAA is terrific for the city, and an example of how much better eating from the hand of private enterprise is compared to siphoning "stimulus" money. The employees of USAA deserve every cent for their professionalism and dedication. I simply hope that USAA will be content with its slice of the pie and work on getting insurance premiums back down.


TOTALLY agree with every word you said. We've had USAA for our insurance for about 20 years, and when we bought our house here we were surprised at our homeowner insurance rate. We haven't shopped around-- but if, in another year, we just feel like it's not worth it, we'll probably look elsewhere. Not sure what reasons there are to stay with USAA.
Reply With Quote Quick reply to this message
 
Old 01-27-2010, 05:26 PM
 
Location: Kallison Ranch, San Antonio,TX.
1,668 posts, read 3,361,880 times
Reputation: 721
I cannot complain as I given a hefty pay raise this year although I work for a City owned utility. Bonuses are good but you are taxed at what? 35-38%

I sued them 4-5 years ago due to an auto accident (one of their clients rear ended me) which resulted in a cervical fusion. I would not wish that upon anyone.

The USAA Lawyer's (A Private Firm in my case) started out at $5,000.00, Held tight at $50,000.00, but we settled out of court for $150,000.00 plus. I will say that the few USAA Employee's that I dealt with and their Lawyer's were Complete Asses. The negligence on their client's part turned me into an Complete Ass (due to excessive pain and depression)
which resulted in a 6 month seperation from my Wife after 15 years of Marriage at the time. But that made no difference to USAA or their Lawyer's. I will admit I still hold a grudge and the money didn't not ease the pain.

Last edited by wellguy; 01-27-2010 at 05:57 PM..
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Texas > San Antonio
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top