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What is life insurance?

I’m not looking for a detailed answer, just a very basic idea of what it is.

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Given that fluid nature of its customers’ geographic locations, web and mobile access are attractive to the financial services company, as is basing its new product development heavily on customer feedback.

Neff Hudson, USAA’s assistant vice president of emerging channels, recently met with Bank Technology News to discuss the bank’s future plans to expand its mobile banking, payments and other remote financial services.

BTN: What are some new things that you’re working on right now?

Hudson: We’re testing a virtual wallet with a limited group of our members. We take a customer sharing approach to development.

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Most American families have more than one vehicle. Parents are busy, each usually having their own careers and their own cars, and older children sometimes have their own vehicles as well. In these situations it is not necessary to have individual auto insurance policies on each vehicle. Instead, a multi-car insurance policy is the wiser financial choice.

Having individual policies on all the vehicles owned and used by the same family is not logical or cost-effective. Individual auto insurance policies will ultimately cost more than a single multi-car policy. Insurers are able to offer a cheaper price on bundling these multiple vehicles and drivers into a single policy.

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State Farm Insurance said on Sunday that it has paid $5 billion to its customers for weather-related catastrophes so far this year. In the wake of a number of natural disasters–including numerous tornadoes, wildfires and hurricanes–damage to cars, homes and other properties has resulted in major payouts from the company.

State Farm Receives Nearly 1 Million Claims

In its announcement, State Farm revealed it had received over 970,000 claims as of Sept. 23. Whil

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