$1.475M Builders Mutual data breach class action settlement

Builders Mutual Insurance Co. agreed to a $1.475 million class action lawsuit settlement to resolve claims it failed to prevent a 2022 data breach that compromised sensitive employee and policyholder information.

The Builders Mutual settlement benefits individuals whose private information the data breach compromised in December 2022.

According to the data breach class action lawsuit, Builders Mutual failed to implement adequate cybersecurity measures to protect sensitive information from unauthorized access. As a result, the plaintiffs and other class members had their names, Social Security numbers, health information, insurance data and other sensitive information compromised in the Builders Mutual breach.

Builders Mutual is an insurance company that provides coverage for builders, contractors and other similar businesses.

Builders Mutual hasn’t admitted any wrongdoing but agreed to pay $1.475 million to resolve the data breach class action lawsuit.

Under the terms of the Builders Mutual settlement, class members can receive credit monitoring services and compensation for unreimbursed economic losses and lost time.

The credit monitoring includes three years of one-bureau credit monitoring, dark web monitoring, real-time inquiry alerts and $1 million in identity theft insurance. Class members who experienced fraud or identity theft as a result of the Builders Mutual data breach can receive up to $10,000 in compensation for out-of-pocket costs, professional fees, credit expenses and other losses. Class members can also receive up to six hours of lost time at a rate of $25 per hour for a total of $150 in lost-time compensation.

Class members can choose to receive a cash payment instead of credit monitoring and expense reimbursement. Claimants who choose this option will receive an estimated $100 payment. However, these payments may be increased or decreased on a pro rata basis depending on the number of claims filed and the amount of funds available for distribution.

The deadline for exclusion and objection was Dec. 9, 2024.

The final approval hearing for the settlement is scheduled for Jan. 17, 2025.

In order to receive settlement benefits, class members must submit a valid claim form by Jan. 8, 2025.

Who’s Eligible

Individuals whose private information the Builders Mutual data breach compromised in December 2022

Potential Award

$10,000

Proof of Purchase

Receipts, invoices, tax documents, account statements, financial documents, IRS letters, credit reports and other documentation of data breach-related losses

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

01/08/2025

Case Name

In re: Builders Mutual Data Security Incident Litigation, Case No. 5:23-CV-579, in the U.S. District Court for the Eastern District of North Carolina

Final Hearing

01/17/2025

Settlement Website

BuildersMutualDataBreach.com

Claims Administrator

In re: Builders Mutual Data Security Incident Litigation
Settlement Administrator
P.O. Box 3259
Portland, OR 97208-3259
877-558-9511

Class Counsel

Raina C Borrelli
STRAUSS BORRELLI PLLC

Tyler Bean
SIRI & GLIMSTAD LLP

Daniel Srourian
SROURIAN LAW FIRM PC

Defense Counsel

Michael Jervis
MULLEN COUGHLIN LLC 

Donavan J Hylarides
CRAIGE JENKINS LIIPFERT & WALKER LLP