Assurance IQ $21,875,000 TCPA Settlement: Award Calculator

Will Gendron
Editor in Chief
Published
June 19, 2024 11:31 AM
Updated
July 24, 2024
Assurance IQ $21,875,000 TCPA Settlement: Award Calculator
Settlement Open for Claims
Award:
$33 - $167
Deadline:
July 31, 2024
SUBMIT CLAIM

Assurance IQ has agreed to pay $21,875,000 to settle a class action lawsuit for alleged violations of the Telephone Consumer Protection Act (TCPA) by placing unsolicited calls using an artificial or prerecorded voice without consent. This settlement benefits individuals who received such calls from Assurance IQ, LLC or its agents.

Can I Claim an Award?

To be eligible to claim an award, you must be a member of the Settlement Class. Members of the Settlement Class should have received a notice letter by mail that includes their Class Member ID number.

Specifically, the Settlement Class includes all persons to whom Assurance IQ, LLC or its agents placed, or caused to be placed, a call or calls, directed to a telephone number for which Assurance IQ LLC’s records show a WN and/or DNC designation, and for which the parties’ reverse telephone number lookup process returned names different than names Assurance IQ, LLC associated with the telephone numbers, in connection with which Assurance IQ, LLC used, or caused to be used, an artificial or prerecorded voice, from October 1, 2018 through March 6, 2024.

If you are still not sure whether you are included in the Settlement Class, you can call the Claims Administrator at (833)-425-7847 or email at info@AssuranceTCPASettlement.com.

How Much Can I Claim?

Class members can claim a pro rata share of the $21,875,000 Settlement Fund by timely and validly submitting a Claim Form. The estimated share for each participating Settlement Class Member will be approximately between $33 and $167, depending on the total number of claims submitted.

Assurance IQ TCPA Settlement Calculator

Calculation Details:

Settlement Amount: $21,875,000

Attorney Fees (40%): $8,750,000

Admin Costs: $500,000

Incentive Awards: $20,000

Net Settlement: $12,605,000

Number of Claimants: 0

Estimated Payout per Claimant: $0.00

Note: This is an estimate based on the provided settlement details and a total class size of 3,150,628. The claims rate is adjustable, but other values are fixed as per the settlement agreement. Actual payouts may vary.

Is Proof Required to Claim the Reward?

Yes, you must include your Class Member ID included on the Notice Letter mailed to you.

Find your Assurance IQ Class Member ID
Find your Assurance IQ Class Member ID

How to Claim Your Award

To claim your award, you must submit a Claim Form by July 31, 2024. You can submit the Claim Form electronically or by postal mail to the Claims Administrator at the address provided below. Read the instructions carefully, fill out the form, and postmark it by July 31, 2024, or submit it online on or before 11:59 p.m. (Pacific) on July 31, 2024.

Important Dates

  • Deadline to File a Claim: July 31, 2024
  • Fairness Hearing: September 3, 2024

$21,875,000 Settlement Fund Breakdown

The settlement amount is $21,875,000. This fund will be used to pay the claims of Settlement Class Members, Class Counsel’s Fees, Costs, and Expenses Award, Plaintiffs’ incentive awards, and compensation for the Claims Administrator for providing notice to the Settlement Class and administering the Settlement.

Why is There a Class Action Settlement?

Plaintiffs have made claims against Assurance IQ, LLC, asserting that the company violated the Telephone Consumer Protection Act (TCPA) by placing unsolicited calls using an artificial or prerecorded voice without consent. Assurance IQ denies each and every one of the allegations of unlawful conduct, any wrongdoing, and any liability whatsoever, and no court or other entity has made any judgment or other determination of any liability.

Next Steps

The Court has preliminarily approved the Settlement and will hold a hearing to decide whether to give final approval to the Settlement. The purpose of the Fairness Hearing will be for the Court to determine whether the Settlement should be approved as fair, reasonable, adequate, and in the best interests of the Settlement Class; to consider the Fees, Costs, and Expenses Award to the attorneys who initiated the Action; and to consider the request for incentive awards by the Plaintiffs.

Notice Letter

This browser does not support inline PDFs. Please download the PDF to view it: Download PDF

Status
Open for Claims
Settlement Amount
$21,875,000
Award
$33 - $167
Is Proof Required?
Proof Required
Proof Required
Days Remaining to file Claim
7
Claim Deadline
July 31, 2024
Fairness Hearing
September 3, 2024
Final Approval Hearing
September 3, 2024
Case Number
2023-CH-09225
Case Title
Smith, et. al. v. Assurance IQ LLC
State
Court
Jurisdiction
Cir. Ct. Cook County, Illinois, Chancery Division
Claims Administrator
Kroll Settlement Administration PO Box 5324 New York, NY 10150-5324 (833)-425-7847 info@AssuranceTCPASettlement.com
CTA Image
CTA Image
CTA Image
CTA Image
CTA Image
CTA Image
CTA Image
CTA Image
CTA Image