Current and former policyholders of a GEICO Underwriting Company who made a covered first-party auto claim and whose vehicle was adjusted as a total loss may be entitled to a settlement payment of up to $20.00 (subject to a pro rata reduction).
NOTE: Settlement Class Members whose policy is still active will automatically receive their settlement payment, mailed directly to the address on file with GEICO. Class Members whose policy is no longer active must verify and/or update their names and mailing addresses by submitting a Claim Form online by October 29, 2021 to receive their settlement payment.
What is this lawsuit about?
A Proposed Settlement has been reached in a class action lawsuit against Defendant GEICO Casualty Company. The class action lawsuit alleges GEICO breached its insurance policy by not including fees charged by the State of Indiana to transfer title to a vehicle, as well as fees charged by the State of Indiana to transfer license plates (or tags) on a vehicle, as part of its total loss claim settlements involving vehicles with private-passenger auto physical damage coverage for a comprehensive or collision loss. GEICO denies that any of plaintiffs’ allegations are true, and denies it is liable for any wrongdoing.
The Court has not ruled in favor of the Plaintiff or GEICO. The parties have agreed to settle this case in order to resolve their dispute without the expense, inconvenience, and uncertainties of litigation.
How do I know if I am part of the Settlement?
The class is defined as all persons insured under an Indiana Policy issued by Geico for private passenger auto physical damage who (1) submitted a first-party claim for property damage that was determined by GEICO to be a covered comprehensive or collision total-loss claim and (2) where the claim payment did not include at least $20.00 in title and registration fees (“Transfer Fees”), between the time period of May 7, 2009 for GEICO Casualty Co. and GEICO Advantage Insurance Co. and March 31, 2011 for all other GEICO Indiana underwriting entities, through August 6, 2021.
How much is the Settlement?
Defendant has agreed to create a Settlement Fund of $821,660.00, which is inclusive of Attorneys’ Fees, Expenses, and Incentive Award. All administration costs, including, without limitation, costs of Class Notice and of the Claims Administrator, shall be paid by or on behalf of GEICO, separate and apart from the Settlement Amount and which shall not in any way reduce the Settlement Payment to Settlement Class Members.