Lloyd’s of London $3.57M Insurance Class Action Settlement

Lloyd’s of London $3.57M Insurance Class Action SettlementConsumers who purchased Lloyd’s of London insurance between 1997 to 2025 may be eligible to claim a cash payment from a class action settlement.Lloyd’s of London $3.57M Insurance Class Action SettlementWeekly NewsletterClass actions settlements delivered to your inbox.Thank you! Check your inbox for a welcome email.Oops! Something went wrong while submitting the form.William C. GendronEditor in ChiefPublishedAugust 13, 2026 2:02 PMUpdatedAugust 24, 2026Join the DiscussionCustomers who purchased or renewed insurance through certain Lloyd’s of London syndicates between Jan. 1, 1997, and April 15, 2025, may be eligible to claim a cash payment from a class action settlement.Lloyd’s agreed to pay $3,570,000 to settle a class action lawsuit alleging certain syndicates engaged in deceptive practices by concealing a lack of competition in the Lloyd’s insurance market. The settlement resolves claims of violations under the Racketeer Influenced and Corrupt Organizations Act, civil conspiracy and unjust enrichment. Who can file a claim?The class includes all individuals and entities in the United States and its territories who purchased or renewed a contract of insurance (not reinsurance) between Jan. 1, 1997, and April 15, 2025, with syndicates 727, 2791, 1003, 2003 and 2020.The lawsuit involving Syndicate 2488 has not yet settled. Participation in this settlement does not affect the ability to obtain relief from this syndicate in the future.How much is the Lloyd's of London payout?The amount each class member can receive depends on the total amount of premiums the class member paid to the settling syndicates during the class period and the number of valid claims submitted. Each class member’s payment will be proportional to the total premiums they paid to the settling syndicates compared to the total premiums paid by all claimants.If a claimant’s calculated share is less than $10, they will not receive a payment.