$1.95M Loya Insurance UIM benefit offsets class action settlement

Loya Insurance agreed to pay $1.95 million to resolve claims it misrepresented the value of underinsured motorist coverage and applied an offset to claims.

The Young America Insurance settlement benefits Young America Insurance Co. (YAIC) and Loya Insurance Co. policyholders who resided in New Mexico and purchased UM/UIM coverage between Oct. 1, 2010, and Feb. 28, 2022, including those who later filed underinsured motorist claims and had benefits reduced or denied due to undisclosed third-party insurance offsets.

Loya Insurance is an insurance company that offers various insurance products, including auto insurance. Young America Insurance is a Loya Insurance affiliate.

According to two class action lawsuits, Loya Insurance misrepresented the value of its underinsured motorist coverage and applied an illegal offset when paying claims.

The offset allegedly reduced UIM benefits based on the insurance coverage limits of third parties responsible for bodily injuries or property damage. Plaintiffs in the class action lawsuits say this practice violates New Mexico law.

Loya Insurance has not admitted any wrongdoing but agreed to a $1.95 million class action settlement to resolve the allegations.

Under the terms of the underinsured motorist insurance settlement, eligible class members may receive a readjustment of their bodily injury and/or property damage UIM claims. The total amount available for all approved UIM claim readjustments is capped at $800,000. Class members who wish to receive a claim readjustment must submit a valid claim form.

Class members who do not wish to receive a claim readjustment can receive a refund of a portion of the uninsured/underinsured motorist premiums they paid between Oct. 1, 2010, and Feb. 28, 2022. These refunds will be based on the amount of UM/UIM premiums paid by each class member.

The deadline for exclusion and objection is Jan. 26, 2026.

The final approval hearing for the Young America Insurance settlement is scheduled for March 24, 2026.

To receive settlement benefits, class members must submit a valid claim form by March 12, 2026.

Who’s Eligible

YAIC and Loya Insurance policyholders who resided in New Mexico and purchased UM/UIM coverage between Oct. 1, 2010, and Feb. 28, 2022, including those who later filed underinsured motorist claims and had benefits reduced or denied due to undisclosed third-party insurance offsets.

Potential Award

Varies.

Proof of Purchase

Previous claim form

Claim Form

NOTE: If you do not qualify for this settlement do NOT file a claim.

Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.

Claim Form Deadline

03/12/2026

Case Name

Apodaca v. Young America Insurance Co., Case No. 18-cv-00399-KK-JMR, and Swiech v. Loya Insurance Co., Case No. 25-cv-00047-KK-JMR, both in the U.S. District Court for the District of New Mexico

Final Hearing

03/24/2026

Settlement Website

LoyaUIMSettlement.com

Claims Administrator

Swiech and Apodaca v. Loya
Settlement Administrator
P.O. Box 2078
Portland, OR 97208-2078
[email protected]
877-708-7677

Class Counsel

Kedar Bhasker
LAW OFFICE OF KEDAR BHASKER LLC

Corbin Hildebrandt
CORBIN HILDEBRANDT P.C.

Geoffrey Romero
ROMERO, HARADA, WINTERS LLC

Andrea D. Harris
Matthew J. Zamora
VALLE, O’CLEIREACHAIN, ZAMORA & HARRIS

Defense Counsel

Michael E. Mumford
BAKER HOSTETLER LLP