A significant deadline is approaching for Americans affected by a data breach involving six insurance companies, with eligible claimants urged to act before December 26, 2024. Landmark Admin, a third-party administrator for the insurance sector, is facing accusations of failing to safeguard sensitive customer data. While the company has not admitted to wrongdoing, it has agreed to a settlement of $6 million to resolve claims stemming from the breach.
The data leak occurred between May 13 and June 17, 2024, reportedly compromising sensitive information, including Social Security numbers, for customers at the following six insurance companies:
– American Benefit Life Insurance Company
– American Monumental Life Insurance Company
– Capitol Life Insurance Company
– Continental Mutual Insurance Company
– Liberty Bankers Life Insurance Company
– Accendo Insurance Company
Plaintiffs argue that improved cybersecurity measures could have prevented the incident and protected customer data. Under the terms of the settlement, individuals whose information may have been compromised are eligible to claim compensation. Those affected have received notifications from settlement administrators.
Claimants can receive up to $2,500 if they can provide documented proof of an out-of-pocket loss due to the breach, such as instances of fraud or identity theft. Acceptable proof includes financial documents like bank statements or credit reports. For those without such documentation, a claim can yield a maximum of $30, though this amount may fluctuate based on the total number of claims submitted.
Important Deadlines and Next Steps
The deadline for filing claims in this settlement is December 26, 2024. Missing this date will result in the loss of the opportunity for compensation. Additionally, the deadline for objecting to the settlement payout has already passed, with a cutoff date of November 25, 2024. The final approval hearing is scheduled for January 29, 2026, at which point payments will begin to be distributed to eligible claimants.
Individuals seeking to file a claim can visit the designated settlement website for further instructions. It is essential for affected customers to act promptly to ensure their eligibility for compensation as the deadline approaches.
