Swann Insurance Class Action

Swann Insurance Class Action

A class action was commenced in the Federal Court of Australia by Mr Jones Asirifi-Otchere against Swann Insurance (Aust) Pty Ltd (ACN 000 886 680) and Insurance Australia Limited (ACN 000 016 722).

The action arises out of the sale of particular “add-on” insurance products issued by Swann which were presented and sold in motor vehicle dealerships to persons (including businesses) who purchased motor vehicles and motor cycles between 1 January 2008 and 1 August 2017 inclusive.

Mr Asirifi-Otchere commenced the Swann Class Action on his own behalf and on behalf of all people and businesses who are “group members”.

The Swann Insurance Class Action has settled for an amount of $138 million.

 

Registration

The registration period has now closed. Persons identified as Group Members received a Settlement Notice on or around 19 February 2021.

The Settlement Administrators have processed EFT payments to registered Group Members on 27 August 2021.

Payment should appear in your nominated bank account in 2-3 business days after the payment date. The Settlement Administrators will be monitoring any failed payments and will contact affected Group Members.

 

Updates

17 December 2020
The Federal Court approved the Swann Insurance Class Action settlement.
 

On or around 15 February 2021

  • The registration to participate in the settlement distribution opened.
  • Registrations closed at 5:00PM AEST on 4 June 2021.


The Settlement Administrators processed EFT payments to registered Group Members on 27 August 2021.

 

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