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?