USAA Late Fee Settlement
What happened
USAA charged Maryland policyholders late fees on their insurance policies prior to 2020. Following a market conduct examination by the Maryland Insurance Commissioner, USAA refunded the principal amount of these late fees but did not include accrued interest and/or gains earned on those fees. Plaintiffs allege that customers should have received the interest and gains in addition to the principal refund. USAA denies it did anything wrong.
Do you qualify?
You qualify if you were charged a late fee by USAA on a Maryland insurance policy before 2020, received a refund for those late fees pursuant to Maryland Consent Order MIA-2020-08-002, and did not receive accrued interest and/or gains on the refund.
How to file
You do not need to do anything to receive a settlement payment. Current policyholders will receive a statement credit, and former policyholders will receive a mailed check. Payments are automatic for all class members who do not opt out.
New to class actions?
This summary was generated from public settlement documents and may contain errors. Confirm eligibility, deadlines, and payment terms on the official settlement website before filing. ClaimWatch is not a law firm and this is not legal advice. Filing a claim is free.
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