Notice of Class Action Settlement Involving Certain Insureds Who Purchased Uninsured/Underinsured Motorist (UM/UIM) Coverage from or Made a Claim for Underinsured Motorist (UIM) Benefits with Young America Insurance Company or Loya Insurance Company
Were you a Young America or Loya Insurance policyholder in New Mexico between October 1, 2010 and February 28, 2022? You could automatically receive a partial refund of UM/UIM premiums, or—if you filed a UIM claim that was reduced due to an “offset”—you may submit a claim for a readjustment and additional payment. Key deadlines: Opt-Out/Object by January 26 , 2026; Claim Filing by March 12 , 2026.
File or Track Your Claim
Who Is Eligible?
- Premium Refund Class – All New Mexico residents who paid for UM/UIM coverage with Young America Insurance Company (YAIC) or Loya Insurance Company (LIC) at any point from 10/1/2010-2/28/2022.
- UIM Readjustment Class – Anyone who:
- Made a UIM claim after 10/1/2010 under a YAIC or LIC policy issued between the above dates;
- Had the claim reduced or denied because the insurer “offset” the other driver’s liability limits; and
- Did not receive the policy disclosure/exclusion later required by the New Mexico Supreme Court in Crutcher v. Liberty Mutual (2021).
Settlement Benefits
1. Automatic Refunds of UM/UIM Premiums
- No claim form needed.
- Checks mailed automatically to the last known address after the settlement is finally approved.
- Amount based on the premiums you paid and money remaining in the $1.95 million Settlement Fund.
2. UIM Claim Readjustment (up to $800,000 total)
- Submit a Claim Form by March 12, 2026 for re-evaluation of your bodily-injury or property-damage UIM claim.
- Provide any supplemental documents the insurer requests.
- If you disagree with Loya’s determination, you can appeal to a neutral referee for a $50 fee (refunded if you win).
Your Options & Deadlines
- Submit Claim Form (for readjustment) – by March 12 , 2026
- Do Nothing – receive refund automatically (if eligible)
- Opt Out – mail request by January 26 , 2026
- Object – file objection by January 26 , 2026
- Final Approval Hearing – March 24 , 2026, U.S. District Court, Albuquerque, NM
Frequently Asked Questions
What is the Young America & Loya UM/UIM Settlement about?
Class actions claim the insurers violated New Mexico law by failing to disclose limitations on UIM coverage and by reducing UIM payouts using the at-fault driver’s policy limits. The insurers deny wrongdoing but agreed to settle.
How much money will I get?
Refunds depend on how much UM/UIM premium you paid and the net Settlement Fund after court-approved deductions. Readjustment payments depend on the value of your individual UIM claim.
Do I need a lawyer?
No. The Court appointed Class Counsel to represent you at no out-of-pocket cost. You may hire your own lawyer at your expense.
What happens if I do nothing?
You waive the right to sue over the released claims, but you will still receive any automatic premium refund for which you qualify.
Where can I get more information?
Visit the official website, review court documents, or call the Settlement Administrator toll-free at 1-877-708-7677.
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