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Notification of acceptance into a class action lawsuit

At least 8 - 9 years ago I purchased a vehicle from a dealership.

You have been identified as a potential group member in the Allianz Class Action, which relates to add-on insurance products sold in car dealerships.
This initial contact was in May 2024.

3 days ago, I received this notification;
Dear...
We have assessed your eligibility for the Allianz add-on insurance settlement administration based on information you provided.

You have been matched to one or more Allianz add-on insurance policies purchased between 1 June 2006 and 27 September 2021.

This means you may be eligible to receive compensation under the Settlement Distribution Scheme (Scheme)

Please read the Guide before contacting us with questions to minimise costs for all 180,000 registered group members.
What's happened so far?

We have made significant progress since the settlement was approved, including:

Developing a specialist claims management platform to conduct the administration.
Preparing for and distributing Eligibility Assessment Information Request notices for about 50,000 registrants from whom we needed further information and responded to enquiries.
Completing the data-matching process for the 27,000 participants that submitted their Eligibility Assessment Form (Eligibility Participants).
Delivering the outcomes of the eligibility assessments.
We appreciate your patience as we work through these processes as quickly and efficiently as we can.

What's next?

Now we will determine how much compensation eligible group members are entitled to be paid. We do not know yet how much your compensation will be. As there are approximately 180,000 registered group members, this calculation will take some time.

How much you get will depend on individual factors like how much you paid for your policy and when you purchased it.

In early 2026, we will determine your estimated compensation distribution and then send out "Notices of Estimated Distribution".
At that time, we will ask you to provide your bank details through our secure portal by a deadline.
We will not be able to accept bank details via email, phone or mail - all bank details are to be provided by the secure portal.
If you have trouble with technology, please ask a trusted family member or friend to help you. Full instructions will be provided in due course.

We expect to start distributing settlement payments in mid-2026 though it may take longer. Payments will be staggered, meaning they won't happen all at once, because of how many people are involved.

All below is my writings.
This is not a scam.
The Settlement amount pool is $170 million.
If I remember correctly, the law firm - Maurice Blackburn Lawyers will take a payment of $30 - $35 million from the settlement amount for bringing and administering the class action
I have no idea what I paid for Tyre and Rim Insurance. This is what qualified me for the class action. The insurance was deemed to be illegal.
So, I continue to wait. Will I get the cost of the insurance back?
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whowasthatmaskedman · 70-79, M
Almost certainly not in total. The Lawyers take a cut off the top first. But you could be looking at a good portion of the policy cost back.. Think in terms of half as a guideline. But dont hold me to that..😷
Gusman · 61-69, M
@whowasthatmaskedman The law firm's fee of approximately $35 million dollars has already been deducted from the $170 million full settlement.
whowasthatmaskedman · 70-79, M
@Gusman Yes. Got that. The unknown is the total size of the payout agreed, compared to the number and cost of policies sold. How much is repayment, How much penalty and compensation. If they knew that they could give you a figure right now..😷
swirlie · 31-35, F
@whowasthatmaskedman
Are you in Australia right now?
whowasthatmaskedman · 70-79, M
@swirlie Si!😷
swirlie · 31-35, F
@whowasthatmaskedman
Is it raining where you are?
whowasthatmaskedman · 70-79, M
@swirlie No . Forecast 29C and sunny . Granddaughter already put washing out on line today..😷
swirlie · 31-35, F
@whowasthatmaskedman
...hmmm, that's strange, it's raining here.. no actually it's snowing now, but it was raining when I asked.
whowasthatmaskedman · 70-79, M
@swirlie I understand your problem... Too close to America....😷
swirlie · 31-35, F
@whowasthatmaskedman
It's true actually. I am standing at my condo terrace window as we speak and I'm looking straight south across Lake Ontario. Guess what I see in the distance on the far shoreline? Not Canada, oh no... I see the lights of Rochester New York.
whowasthatmaskedman · 70-79, M
@swirlie I should probably express sympathy. But it could be worse..You may be IN Rochester..😷
swirlie · 31-35, F
@whowasthatmaskedman
Very true! Never thought of that possibility of me actually being IN Rochester NY! When I was a kid growing up on my parent's tobacco farm, we lived a few hours drive further west which put our farm on the northern shore of Lake Erie, almost at it's west end. When I'd look out my bedroom window at night, I could see right across Lake Erie to the lights of Cleveland Ohio on the other side!
whowasthatmaskedman · 70-79, M
@swirlie See.. There are worse things than Rochester...😷
swirlie · 31-35, F
@whowasthatmaskedman
Mara Largo most likely is on the list.
This message was deleted by its author.
whowasthatmaskedman · 70-79, M
@helenoftroy2000 Which Birmingham?? Never mind. They are all worse than Rochester..😷
This message was deleted by its author.
vetguy1991 · 51-55, M