Horizon Actuarial $8.7 Million Settlement: Are You Eligible?

If you were impacted by the Horizon Actuarial data security incident, you may be eligible for a payment from a class action settlement. This article will provide you with all the necessary information to understand who can benefit from the settlement, the awards you may be entitled to, and how to claim them.

Who Benefits? If you reside in the United States and your personal information may have been impacted during the Data Security Incident, including if you were mailed a notification regarding the incident, you could be a member of the Settlement Class eligible for benefits.

How much can I get? You may be entitled to various benefits, including reimbursement of documented losses up to $5,000, compensation for time spent addressing the incident up to $125, and a cash payment of up to $50, with additional payment for California residents.

Important Dates

• Final Approval Date: Scheduled for March 25, 2024, at 10:00 a.m. ET.
• Deadline to File a Claim: February 21, 2024.
• Deadline to Exclude Yourself or Object: January 22, 2024.

Who Are the Settlement Class Members?

The Settlement Class includes individuals in the United States whose personal information was potentially impacted by the Data Security Incident at Horizon Actuarial Services, LLC. This includes names, Social Security numbers, dates of birth, and benefit plan information.

• Individuals who received a notification from Horizon Actuarial about the Data Security Incident.

Exclusions from the Settlement Class include the presiding judge and her family, the Defendant and its affiliates, and anyone who submits a valid request to be excluded from the Settlement.

What Awards Can Class Members Claim?

Eligible class members can claim reimbursement for out-of-pocket expenses related to the incident, compensation for time spent addressing the incident, and a cash payment. Detailed documentation will be required to support the claims for reimbursement.

• Out-of-Pocket Losses: Up to $5,000 for documented, unreimbursed losses.
• Lost Time: Up to $125 for time spent addressing the incident.
• Cash Payment: Up to $50, with an additional payment for California residents.

The Incident Behind the Settlement

The settlement addresses a data security incident that occurred in November 2021, where an unauthorized party accessed servers containing personal information managed by Horizon Actuarial Services, LLC.

• Personal information compromised includes names, Social Security numbers, dates of birth, and benefit plan information.

Is Proof Required to Claim the Reward?

Yes, claimants will need to provide detailed documentation to support their claims for reimbursement.

How to Claim Your Award

To claim your award, you must complete and submit a claim form available at the official settlement website. The form must be submitted online or postmarked by February 21, 2024.

For further assistance, you may contact the Settlement Administrator at 1-877-395-9210 or write to the provided address.

Understanding the Settlement Amount

The total settlement fund provided by the Defendant is $8,733,446.36. This amount will cover various claims, attorneys' fees, and administrative costs associated with the settlement.

Claims may be subject to pro rata reduction if the total claims exceed the cap on payments established by the settlement agreement.

Why Is There a Class Action Settlement?

The class action settlement resolves claims that Horizon Actuarial Services, LLC was responsible for the data security incident and provides compensation to those affected without the need for individual lawsuits. The settlement avoids the cost and uncertainty of litigation while providing benefits to the Settlement Class Members.

The Court will make a final decision on the approval of the settlement after the Fairness Hearing on March 25, 2024. If approved, payments will be made after any appeals are resolved.