Builders Mutual $1,475,000 Data Breach Settlement

If you reside in the United States and your private information was compromised in the Builders Mutual Data Incident in December 2022, you may be eligible to claim up to $10,000 from a class action settlement.

Builders Mutual Insurance Company has agreed to pay $1,475,000 to settle a class action lawsuit for alleged unauthorized access to their computer systems, which exposed private information of stakeholders, customers, employees of policyholders, current and former employees, and claimants.

Who can file a claim?

To be part of this settlement:

• Reside must in the United States
• Your private information must have ben compromised in the Builders Mutual Data Security Incident in December 2022

The settlement class includes individuals whose personally identifiable information (PII) and protected health information (PHI) were exposed. This includes names, social security numbers, dates of birth, medical information, health insurance information, and worker’s compensation information.

How much can class members get?

Class members have two options for compensation:

1. Three years of credit monitoring services, compensation for unreimbursed economic losses up to $10,000, and compensation for lost time up to 6 hours at $25 per hour, totaling $150
2. An estimated $100 cash payment

The credit monitoring services include one-bureau credit monitoring, dark web monitoring, real-time inquiry alerts, and $1,000,000 in identity theft insurance. Unreimbursed economic losses cover out-of-pocket costs related to fraud and identity theft, professional fees, costs associated with freezing or unfreezing credit, and other miscellaneous expenses.

• Credit Monitoring and Compensation: This option provides three years of credit monitoring, up to $10,000 for unreimbursed economic losses, and up to $150 for lost time.
• Cash Payment: An estimated $100, which may vary depending on the number of claims filed.

What proof is required to submit a claim?

• For unreimbursed economic losses, documentation such as receipts is required.
• For lost time, claimants must attest to the time spent remedying issues related to the data incident.

How to claim an award

To claim an award, you must complete and submit a claim form by January 8, 2025. You can file a claim online or download a claim form and mail it to:

Builders Mutual Data Breach Settlement Administrator

P.O. Box 3259

Portland, OR 97208-3259

Payment methods

• PayPal
• Venmo
• Zelle.
• Physical check

$1,475,000 Settlement fund

The settlement fund of $1,475,000 will cover various costs:

• Notice and settlement administration costs.
• Court-approved attorneys’ fees of $491,617.50 and litigation expenses up to $25,000.
• Service awards of $5,000 to each of the three class representatives.
• Compensation to class members who submit valid claims.

Important dates

• Deadline to File a Claim: January 8, 2025
• Final Approval Hearing: January 17, 2025

When is the Builders Mutual Data Breach payout date?

After the final approval hearing on January 17, 2025, the court will decide whether to approve the settlement. If approved, the settlement administrator will begin processing claims and distributing benefits to eligible class members.

Why is there a class action settlement?

The class action lawsuit was filed due to a data breach on December 14, 2022, where Builders Mutual's computer systems were allegedly accessed without authorization, exposing sensitive information. The settlement allows the parties to avoid the risks and costs of prolonged litigation and provides compensation to affected individuals.