🛡️ Lincoln Adventures v. Lloyd's London Syndicates Insurance Settlement
Open
Defendant: Those Certain Underwriters at Lloyd's, London (Syndicates 727, 2791, 1003, 2003, and 2020) | Category: Insurance | Added: 2026-10-04
Alleged Issue
Plaintiffs allege that the settling Lloyd's syndicates engaged in a deceptive scheme to conceal the lack of competition in the Lloyd's insurance market, asserting violations of the Racketeer Influenced and Corrupt Organizations Act, civil conspiracy, and unjust enrichment.
Eligibility
All persons and entities in the United States (including its territories) who, from January 1, 1997 through April 15, 2025, purchased or renewed a contract of insurance (an insurance policy, not reinsurance) with any Lloyd's syndicate named as a defendant in the lawsuit.
Estimated Payout
Share of a $3.57 million partial settlement fund; payments are calculated under a plan of allocation based on premiums paid for policies
Claim Deadline
2026-10-30
Last verified
October 5, 2026
Background
A proposed partial class action settlement has been reached with five Lloyd's of London syndicates in Lincoln Adventures, LLC, et al. v. Those Certain Underwriters at Lloyd's, et al., Case No. 2:08-cv-00235-CCC-ESK, pending in the U.S. District Court for the District of New Jersey. Plaintiffs allege the syndicates engaged in a deceptive scheme to conceal the lack of competition in the Lloyd's insurance market, asserting RICO, civil conspiracy, and unjust enrichment claims. The settling syndicates are Nos. 727, 1003, 2003, 2020, and 2791, which together agreed to pay $3,570,000; Syndicate No. 2488 remains a non-settling defendant and the case continues against it. Class members must submit a claim form by October 30, 2026; exclusion and objection deadlines are October 2, 2026, and the fairness hearing is set for October 23, 2026 in Newark, New Jersey. Claims are administered by A.B. Data, Ltd.