Insurance Technologies Corp. to Pay $11 Million in Data Breach Class Action

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Insurance Technologies Corp. faces a class action in the U.S. District Court for the Northern District of Texas for a 2021 data breach. Plaintiffs alleged that Insurance Technologies failed to adequately protect and secure customer information, which resulted in unauthorized access to names, addresses, telephone numbers, driver’s license numbers, Social Security numbers, dates of birth, email addresses, genders, usernames, and passwords. The data breach affected more than 4.3 million individuals.

Now, Judge David C. Godbey has granted preliminary approval of an $11 million class settlement. The settlement includes $2,000 for each named plaintiff and up to $5,000 in reimbursement for out-of-pocket expenses for each class member. This includes up to eight hours of lost time at $25 per hour and 12 months of credit monitoring and fraud protection services.

If Judge Godbey grants the final approval, additional funds of between $100 and $300 each will be available to a California subclass (consisting of 318,091 individuals). Attorneys’ fees and litigation costs will be paid out up to $30,000. For more details, click here.

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