TRV · News · 20260807N
New Mexico UIM Settlement
TRAVELERS COMPANIES, INC. · 2026-08-07 · Importance 40 · Surprise 42 · In source text
Travelers reached a class action settlement covering New Mexico policyholders with underinsured motorist coverage from January 1, 2015, through August 16, 2022. Eligible policyholders may receive a refund equal to 29% of UIM premiums paid. Alternatively, eligible claimants may request re-evaluation of UIM claims without the previously applied offset, creating a potential claims and settlement cost for Travelers.
Key facts
- Eligible class members can receive either a premium refund equal to 29% of UIM premiums paid or a re-evaluation of their UIM claims without the previously applied offset. source
- Travelers Insurance reached a class action settlement over allegations it misled New Mexico policyholders about underinsured motorist (UIM) coverage. source
- The settlement covers policyholders who had UIM coverage with Travelers between January 1, 2015, and August 16, 2022. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | committed | — | Eligible class members can receive either a premium refund equal to 29% of UIM premiums paid or a re-evaluation of their UIM claims… |