San Antonio's USAA acquiring San Francisco property and casualty insurance technology company

San Antonio’s USAA acquiring San Francisco property and casualty insurance technology company

USAA disclosed Thursday that it has agreed to acquire a San Francisco-based residence and casualty insurance coverage supplier that features use-based mostly vehicle insurance coverage.

The San Antonio insurer expects to near on its acquisition of Noblr Inc. later this calendar year. Terms of the deal had been not disclosed.

It will be USAA’s first acquisition of a residence and casualty business in its 99-yr background.