The Swann Insurance Class Action over its sale of “add-on” insurance has settled and members will receive around $90,147 million. Insurance Australia Group estimated the class action could have been worth up to $1 billion meaning members may receive less than 10 cents in the dollar.
You may be part of the Swann Insurance Class Action if you were sold “add-on” insurance policies by Swann Insurance between 1 January 2008 and 1 August 2017.
Yes, the Court approved the settlement on 17 December 2020.
More details about the settlement are set out in the Settlement Notice. For further information, including any possible entitlements you must contact Johnson Winter & Slattery.
The time to opt out of the Swann Insurance Class Action has expired and you are no longer able to opt out.
Although we have had successful applicants opt out after the deadline, Justice Lee made a judgement in April 2021 advising he is ‘bereft’ of power to allow further late stage opt outs.
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