People who bought insurance through five Lloyd’s of London syndicates have until October 30 to file for a share of a $3.57 million partial settlement in a New Jersey federal class action. The class covers U.S. policies bought or renewed from January 1, 1997 through April 15, 2025. The claims administrator had received only 2,101 claim forms as of September 8, against 320,792 notices sent. A judge has not yet given final approval, and no payment date has been announced.
Who the Lloyd’s settlement covers
The case is Lincoln Adventures, LLC v. Those Certain Underwriters at Lloyd’s, London, No. 2:08-cv-00235 in U.S. District Court for the District of New Jersey. The settling syndicates are numbers 727, 1003, 2003, 2020 and 2791. The class takes in buyers and renewers of insurance in the United States and its territories, but not reinsurance, which is coverage that insurers themselves buy. The deal is partial because one defendant, Syndicate 2488, has not settled and remains in the case.
Class lawyers Alexandra Bernay and Robert Schachter wrote in a September 18 court declaration that “one defendant (Syndicate 2488) remains.” Joining this settlement does not affect a claimant’s ability to seek relief from that syndicate later. Anyone whose policy was placed through one of the five settling syndicates needs a separate claim form for each policy, and the official claim site says forms must be submitted online or, if mailed, postmarked no later than October 30, 2026. The phone line listed there is 1-877-298-4134.
The Lloyd’s notice carries a mailing deadline of October 30, but a court hearing on October 23 and a payment date nobody has announced sit on the same timeline. For the Lloyd’s syndicate claim, the Settlement & Refund Recovery System applies the four-date rule for reading a settlement notice and walks through the form with a step-by-step filing walkthrough.
How the $3.57 million gets divided
Each approved claimant receives a share of the fund in proportion to the premium that person paid, compared with the total premium paid by everyone approved, according to the plan of allocation described by Settlement Insight. The claim form asks for the syndicate name, policy number, total premium, policy date and the broker’s name and address. It is signed under penalty of perjury and can be audited. Anyone whose calculated share comes to less than $10 gets no initial distribution.
The full $3.57 million will not reach claimants. Class counsel at Robbins Geller Rudman & Dowd and Zwerling, Schachter & Zwerling have said they will ask for no more than one-third of the fund, about $1.19 million, plus expenses of up to $200,000. At that ceiling, Settlement Insight calculates, roughly $2.18 million is left before notice costs, administration and taxes. A judge decides the fee request at the same hearing that decides final approval.
Participation so far is thin. The 2,101 forms received by September 8 amount to about 0.65 percent of the notices sent: 238,464 postcards mailed July 2 and another 82,328 sent after coverholders supplied addresses by July 14. The count was taken before the deadline, so it will rise. Because the fund is fixed and split by premium, the number and size of approved claims will decide how large each slice turns out to be.
Earlier rounds in the same case recovered nearly $22 million in 2019 and $7.9 million in 2023. People who filed in either of those settlements do not have to resubmit. Anyone who bought or renewed coverage between March 25, 2019 and April 15, 2025 can file a supplemental claim, the claim site says, which matters for policyholders who were paid before and had new policies since.
The October 23 hearing and what the syndicates deny
Judge Claire C. Cecchi is scheduled to hold the fairness hearing on October 23 at 12:00 p.m. Eastern in Courtroom 5B of the Martin Luther King Building and U.S. Courthouse, 50 Walnut Street, Newark. She will decide whether to approve the settlement and rule on the attorneys’ fee request. The deadline to opt out or object was October 2. As of September 8, the administrator reported no exclusions and no objections.
The plaintiffs, Lincoln Adventures and Michigan Multi-King, filed the case on July 13, 2007 in Florida, and it moved to New Jersey that December. They allege racketeering violations, civil conspiracy and unjust enrichment. The settling syndicates deny the allegations, and no court has found wrongdoing. The class was preliminarily certified on May 19, 2026, which is why notices went out this summer.
Filing the Lloyd’s claim before October 30
The free official route is the Lloyd’s syndicate settlement claim page, which links to the online form and a printable paper version. Mailed forms go to Syndicate Settlement, c/o A.B. Data, Ltd., P.O. Box 173075, Milwaukee, WI 53217, and Settlement Insight lists an email address, info@SyndicateSettlement.com, and phone hours of 9:00 a.m. to 5:00 p.m. Central on weekdays. Filing costs nothing, and no legitimate step asks for a bank login.
Settlement Insight reports two errors on the official site: the home page’s Notice link opens a different case’s document, Weber v. National Advisors Trust Company, and a “Do Nothing” box refers to a data incident and credit monitoring. It describes both as website mistakes, not fraud. The claim page and the phone line are the working routes. Late claims may be accepted at the discretion of the administrator or class counsel, according to the same report, but the site names October 30 as the cutoff.
Waiting is the part the notice cannot shorten. The 2023 settlement in this case won final approval on December 18, 2023, and the order approving distribution of that money was not filed until May 15, 2026, Settlement Insight reports from the court docket. A claim filed this month is likely to mean months before any check, and it is a claim against five syndicates only. Syndicate 2488, the one defendant left, has no settlement yet.
One late postmark can cost a Lloyd’s share
Each policy needs its own form, the form is signed under penalty of perjury, and a mailed claim counts only if it is postmarked by October 30. The Settlement & Refund Recovery System gives a step-by-step filing walkthrough and the four-date rule for reading a settlement notice, so the hearing date and the claim deadline are not mixed up. The guide runs 50 pages.
Get the step-by-step Lloyd’s filing walkthrough from the Settlement & Refund Recovery System →
This article was produced with AI assistance and reviewed by The Money Overview’s editorial team.
