$3.57M Lloyd’s of London insurance price-fixing class action settlement

Lloyd’s agreed to pay $3.57 million as part of an ongoing class action settlement to resolve claims it violated federal racketeering laws by conspiring with other insurers to raise the price of insurance policies.

The Lloyd’s of London settlement benefits individuals and entities who purchased or renewed an insurance contract with Lloyd’s syndicates 727, 1003, 2003, 2020 and 2791 between Jan. 1, 1997, and April 15, 2025. The settlement does not cover policies purchased from syndicate 2488.

According to the class action lawsuit, Lloyd’s and other insurers conspired to raise the price of insurance policies through a scheme that concealed a lack of competition in the Lloyd’s market. This insurance price-fixing scheme allegedly violated the federal Racketeer Influenced and Corrupt Organizations Act (RICO).

Lloyd’s is an insurance marketplace that connects brokers and underwriters to sell a variety of insurance products.

Lloyd’s has not admitted any wrongdoing but agreed to a $3.57 million class action settlement to resolve the RICO allegations.

Under the terms of the Lloyd’s of London settlement, class members can receive a cash payment based on the amount they paid in premiums for their insurance policies.

Class members who paid a higher premium will receive a larger share of the settlement fund. No payment estimates are available at this time. Class members who received a settlement notice in the mail may have received a payment estimate with their notice.

The deadline for exclusion and objection is Oct. 2, 2026.

The final approval hearing for the insurance price-fixing class action settlement is scheduled for Oct. 23, 2026.

To receive settlement benefits, class members must submit a valid claim form by Oct. 30, 2026.

Who’s Eligible

The class action settlement benefits consumers who, between Jan. 1, 1997, and April 15, 2025, purchased or renewed a contract of insurance with Lloyd’s Syndicates 727, 1003, 2003, 2020 and 2791.

Potential Award

Varies

Proof of Purchase

Policy information, including the syndicate(s) that issued the contract(s), policy numbers, face amounts, annual premiums, effective dates and expiration dates

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

10/30/2026

Case Name

Lincoln Adventures LLC, et al. v. Those Certain Underwriters at Lloyd’s, et al., Case No. 2:08-cv-00235-CCC-JSA, in the U.S. District Court for the District of New Jersey

Final Hearing

10/23/2026

Settlement Website

SyndicateSettlement.com

Claims Administrator

Syndicate Settlement
c/o A.B. Data Ltd.
P.O. Box 173075
Milwaukee, WI 53217
[email protected]
877-298-4134

Class Counsel

Alexandra S. Bernay
ROBBINS GELLER RUDMAN & DOWD LLP

Robert S. Schachter
ZWERLING, SCHACHTER & ZWERLING LLP

Defense Counsel

Thomas F. Bush
Patrick Frye
SMITH, GAMBRELL & RUSSELL LLP

Wystan M. Ackerman
Kevin P. Daly
ROBINSON & COLE LLP