A New York-based insurance brokerage firm has settled a lawsuit stemming from allegations related to the exposure of sensitive customer data.
Arthur J. Gallagher & Co. has agreed to a $21 million class action settlement to resolve claims related to a 2020 data breach, TopClassActions.com reported. The breach occurred between June 3, 2020 and Sept. 26, 2020 and involved a ransomware attack that exposed various combinations of names, Social Security and tax identification numbers, driver licenses, passport data, dates of birth, user names and passwords, and financial and credit card information. Some medical data was also exposed, including information on diagnoses, treatments and medications.
Arthur J. Gallagher & Co. denies wrongdoing.
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Eligible customers have received a letter notifying them of the data breach. Under the terms, class members can receive:
- Up to $6,000 for documented data breach losses, including fraud, identity theft, credit expenses and other losses. Documentation for these losses must be provided.
- Customers without a documented loss are eligible for three years of financial account monitoring services or they can choose to receive a pro-rata share of the settlement funds.
The deadline to submit a claim is Feb. 10 with a final settlement hearing on Feb. 27.
You can see more on filing a claim here