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

A Settlement has been reached in the above-referenced class actions against Young America Insurance Company (“YAIC”) and Loya Insurance Company (“LIC”), respectively (collectively, with the Released Parties defined in the Settlement Agreement, “Loya”) relating to allegations that Loya violated New Mexico law by failing to disclose the limitations of or otherwise misrepresenting the value of underinsured motorist (UIM) coverage and applying an offset due to the insurance coverage limits of third parties responsible for bodily injuries or property damage (the “Actions” or “Litigation”).

This Settlement establishes a process for certain individuals to receive automatic payments and others to make claims for monetary payments. This is true even if you are no longer insured with YAIC or LIC.

This website explains the terms of the proposed Settlement; class membership criteria; benefits available to class members; class members’ rights and options, including how to submit a claim and receive an automatic payment and how to object to or exclude yourself from the Settlement; important deadlines in the lawsuit; and the date and purpose of the Final Fairness Hearing.

This website explains important rights you may have. Please review it carefully. You may read the Notice on the Important Documents page.

Para ver la versión en español del Aviso de Formato Extendido, haga clic aquí.

IF YOU ARE A SETTLEMENT CLASS MEMBER, THIS LAWSUIT MAY AFFECT YOUR RIGHTS.


Your Legal Rights & Options Deadline

Submit a Claim Form

If you were insured under a LIC or YAIC policy at any time between October 1, 2010 and February 28, 2022 and made a claim to LIC or YAIC for UIM benefits after October 1, 2010 under an insurance policy that included UM/UIM coverage, but did not include the disclosure or exclusion required by Crutcher v. Liberty Mutual Insurance Company, No. S-1-SC-37478, 501 P.3d 433 (N.M. 2021), and had UIM benefits reduced or denied due to the offset of the insurance coverage limits of a third party responsible for your injuries and/or property damage, the only way to obtain a UIM claim readjustment and potentially receive additional UIM benefits is to submit a timely and valid Claim Form.

If you do submit a claim form for a UIM claim readjustment, you may be contacted by Loya concerning your claim. Loya may request additional documentation concerning your UIM claim.

You must submit all reasonable, required supplemental documentation concerning your UIM claim in order to obtain any additional UIM benefit payment.

If you submit a Claim Form for UIM claim readjustment, you will remain in the Class, be bound by the Settlement, and give up your rights to sue YAIC, LIC and the other Released Parties for the Released Claims.

Submitted or postmarked by: March 12, 2026

Do Nothing

If you are YAIC or LIC policyholder who paid premiums to YAIC or LIC for UM/UIM coverage at any point between October 1, 2010 and February 28, 2022, and are not eligible for a UIM claim readjustment, or are eligible for UIM claim readjustment but choose not to make a claim, you do not have to have submit a claim to receive a Settlement Payment in the form of a refund of UM/UIM premiums. You will remain in the Class, be bound by the Settlement, and give up your rights to sue YAIC, LIC, and the other Released Parties for the Released Claims.

Exclude Yourself (Opt Out)

Get no Settlement benefits or payment.

Keep your right to file your own lawsuit against Loya about the same issues in the Litigation.

Postmarked by: January 26, 2026

Object to the Settlement

Stay in the Settlement but tell the Court why you do not agree with the Settlement. You will still be bound by the Settlement if the Court approves it.

You may still file a Claim Form if eligible for a UIM claim readjustment.

Postmarked by: January 26, 2026

These rights and options—and the deadlines to exercise them—are explained further in the Notice and on the Frequently Asked Questions (FAQs) page of this website.

The Court must decide whether to approve the Settlement, attorneys’ fees, expenses and service awards. No Settlement benefits will be provided unless the Court approves the Settlement.



Current Status

Notice mailings were sent to Class Members on December 12, 2025.


Important Dates
  • January 26, 2026
    Opt-Out Deadline
  • January 26, 2026
    Objection Deadline
  • March 12, 2026
    Claims Filing Deadline
  • March 24, 2026
    Final Approval Hearing


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