USAA Late Fee Class Action Settlement
Maryland residents charged late fees by USAA on insurance policies prior to 2020 who received refunds without interest or gains.
Settlement Closed
Who’s Eligible
You may be eligible for the USAA settlement if you:
- Were charged a late fee by USAA General Indemnity Company, Garrison Property and Casualty Insurance Company, United Services Automobile Association, or USAA Casualty Insurance Company on a Maryland insurance policy prior to 2020
- Received a refund for those late fee charges pursuant to Maryland Consent Order MIA-2020-08-002
- Did not receive accrued interest and/or gains on the late fee refund
Eligible States
Claim Deadline
What You Need to Do to Get Paid
To get paid from the USAA settlement:
No Claim Form Needed
If you are a Settlement Class Member, you do not need to do anything to receive a payment. The settlement is automatic.
Payment Methods
Current USAA Policyholders will receive payment in the form of a statement credit to their account.
Former USAA Policyholders will receive payment by check mailed to their address on file.
Questions
For more information, contact the Settlement Administrator:
Black v. USAA
c/o Settlement Administrator JND Legal Administration
PO Box 91109
Seattle, WA 98111
1-877-206-2306
info@USAALateFeeLitigation.com
No proof of purchase required. Settlement class members automatically receive payments based on USAA’s records of late fees charged and refunded.
Settlement Payout
USAA settlement payments are calculated based on the number of late fees charged to each class member and when those fees were refunded. Each member receives a minimum $5 payment. The remaining net settlement fund is allocated proportionately using an 8 percent per annum simple interest calculation. Current policyholders receive statement credits; former policyholders receive checks.
- Settlement Fund: $5,000,000
- Attorneys’ Fees & Costs: Up to $2,000,000
- Service Awards: Up to $18,000 total ($7,500 to Walter Black III; $3,500 each to Keith Barr, Wayne Best, David Fant Sr.)
- Net Settlement Fund: At least $3,000,000 distributed to class members
Settlement Documents
Background of the Lawsuit
USAA charged late fees to Maryland insurance policyholders for payments not made by the required deadline. In a market conduct examination, the Maryland Insurance Commissioner determined USAA was not authorized to charge these fees after withdrawing its billing plans in 2011. USAA entered into a Consent Order and refunded the principal amount of late fees to affected policyholders, but did not include accrued interest and gains made on those fees.
Plaintiffs alleged that class members should have received interest and monetary gains in addition to the principal refunds. USAA denied any wrongdoing. Rather than continue litigation, the parties agreed to settle the claims. The settlement provides a $5 million fund to be distributed among class members. USAA maintains that it did nothing wrong and settled to avoid further expense and litigation risk.
Frequently Asked Questions
Who qualifies for the USAA late fee settlement?
Do I need to file a claim form for the USAA settlement?
What is the deadline to opt out or object to the USAA settlement?
How much will I receive from the USAA settlement?
When will I receive my settlement payment?
What is the final approval hearing date for this settlement?
Can I sue USAA separately if I opt out?
Who are the class counsel representing me in this settlement?
Settlement Administrator
Black v. USAA
c/o JND Legal Administration
PO Box 91109
Seattle, WA 98111
Case Details
Listing Information
Discussion
Disclaimer
The information on this website is free to access and provided for general educational and informational purposes only. It is not legal advice. We summarise settlement information from official notices, court documents, settlement websites, administrators, and other primary sources where available.
Settlement details and deadlines may change. Always refer to the official settlement website or consult a licensed attorney for advice specific to your situation.
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