$1.2M Farmers New Mexico underinsured motorist coverage class action settlement

Lawsuits & Settlements Open Class Action Settlements Lawsuits to Join News & Updates Class Action News Data Breaches Product Recalls Settlements Paying Out This Month Class Action Settlement Checks Mailed Canada News U.K. News For Attorneys Find Plaintiffs Attorney Marketing Tips About Us Our Mission Newsletter Signup Careers Contact Us Member Center Lawsuits & Settlements Open Class Action Settlements Lawsuits to Join News & Updates Class Action News Data Breaches Product Recalls Settlements Paying Out This Month Class Action Settlement Checks Mailed Canada News U.K. News For Attorneys Find Plaintiffs Attorney Marketing Tips About Us Our Mission Newsletter Signup Careers Contact Us Member Center $1.2M Farmers New Mexico underinsured motorist coverage class action settlement Lawsuit Filed Class Certified Settlement Approved Open for Claims Status: In progress Vega v. Metropolitan Direct Property and Casualty Insurance Co., Case No. 1:22-CV-616-JB-SCY File a Claim Deadline to file a claim: 05/26/2026 Proof of Purchase Required: Yes Potential Individual Reward: Up to $25,000 for offset subclass members, while the premium refund amount varies. Total Settlement Amount: $1.2 million Location New Mexico Status: In progress Vega v. Metropolitan Direct Property and Casualty Insurance Co., Case No. 1:22-CV-616-JB-SCY File a Claim Deadline to file a claim: 05/26/2026 Proof of Purchase Required: Yes Potential Individual Reward: Up to $25,000 for offset subclass members, while the premium refund amount varies. Total Settlement Amount: $1.2 million Location New Mexico Status: In progress Vega v. Metropolitan Direct Property and Casualty Insurance Co., Case No. 1:22-CV-616-JB-SCY File a Claim Deadline to file a claim: 05/26/2026 Proof of Purchase Required: Yes Potential Individual Reward: Up to $25,000 for offset subclass members, while the premium refund amount varies. Total Settlement Amount: $1.2 million Location New Mexico Status: In progress Vega v. Metropolitan Direct Property and Casualty Insurance Co., Case No. 1:22-CV-616-JB-SCY The Farmers settlement benefits individuals who either had an underinsured motorist claim reduced or offset by the amount paid by the at-fault driver in an accident or purchased a New Mexico automobile insurance policy containing UM/UIM coverage between Oct. 1, 2010, and Jan. 31, 2022. File a Claim Deadline to file a claim: 05/26/2026 Proof of Purchase Required: Yes Potential Individual Reward: Up to $25,000 for offset subclass members, while the premium refund amount varies. Total Settlement Amount: $1.2 million Location New Mexico Claim Details Status: In progress Deadline to file a claim: 05/26/2026 Proof of Purchase Required: Yes Potential Individual Reward: Up to $25,000 for offset subclass members, while the premium refund amount varies. File a Claim By Top Class Actions | April 20, 2026 Category: Legal News Follow Article (Photo Credit: Monkey Business Images/Shutterstock) Farmers Direct Property & Casualty Insurance Co., formerly known as Metropolitan Direct Property and Casualty Insurance Co., agreed to a $1.2 million class action settlement to resolve claims it violated New Mexico law by misrepresenting uninsured/underinsured motorist (UM/UIM) coverage. The Farmers settlement benefits individuals who either had an underinsured motorist claim reduced or offset by the amount paid by the at-fault driver in an accident or purchased a New Mexico automobile insurance policy containing UM/UIM coverage between Oct. 1, 2010, and Jan. 31, 2022. The class action lawsuit claims Farmers violated New Mexico law by misrepresenting underinsured motorist coverage or failing to disclose the limitations of this coverage. The plaintiff in the case says the company applied an offset due to the insurance coverage limits of third parties responsible for injuries or property damage. Metropolitan Direct Property and Casualty Insurance Co. is a Farmers Insurance Group company. The company has not admitted any wrongdoing but agreed to a $1.2 million class action settlement to resolve the allegations. Under the terms of the settlement, class members who had an underinsured motorist claim reduced or offset by the amount paid by the at-fault driver in an accident between Oct. 1, 2010, and Jan. 31, 2022, can receive up to $25,000. The settlement also provides a return of uninsured/underinsured motorist premiums. Class members who paid premiums for this coverage between Oct. 1, 2010, and Jan. 31, 2022, and are not eligible for a claim readjustment can receive a refund of a portion of the premiums they paid during the class period. Class members who do not exclude themselves will automatically receive a check in the mail. The amount of these checks will be based on a portion of the total uninsured/underinsured motorist premiums paid during the class period, the number of c