The Defendants in the lawsuit are Insurance Technologies Corp. and Zywave, Inc. (“ITC” or “Defendants”). Defendants in the lawsuit deny they are or can be held liable for the claims made in the lawsuit. The Settlement does not establish who is correct, but rather is a compromise to end the lawsuit.
Full Answer
What is the ITC and Zywave settlement?
This settlement resolves a class action against Insurance Technologies Corp. (ITC) and Zywave, Inc. about a data breach that took place in February 27, 2021 and affected individuals who were customers of insurance brokers who were customers of the two companies.
Is the insurance Technologies Corporation (ITC) a scam?
There is nothing that suggests that the ITC is a scam. There are some allegations that the Insurance Technologies Corporation (ITC) in collaboration with Agency Matrix is out there to breach data. Having said that, there aren’t concrete information to prove that this allegation is correct.
How much will the California subclass get from the ITC settlement?
If Godbey grants final approval of the settlement, additional funds will be given to the California subclass, comprised of 318,091 individuals, who will receive between $100 and $300 in relief each. ITC will pay attorneys up to one-third of the settlement fund in fees, plus litigation costs and expenses up to $30,000.
Are you eligible for a Zywave data breach settlement?
You may be eligible if you had an address on file in ITC’s or Zywave’s business records at the time of the data breach and your personally identifiable information (PII) may have been exposed. If you are a class member, you will have been emailed or mailed a Notice about the data breach.
What is the ITC settlement?
Insurance Technologies Corp. (ITC) and Zywave Inc. agreed to pay a combined $11 million as part of a class action lawsuit settlement to resolve claims surrounding a 2021 data breach that compromised sensitive consumer information.
What is ITC agency matrix breach?
Court documents said hackers gained access to ITC's AgencyMatrix application, a cloud-based agency management system. According to allegations outlined in the court documents, ITC said it contained the data breach on March 4, 2021.
What is the zywave data breach?
and Zywave, Inc. and a data breach (the “Data Breach”) that occurred on February 27, 2021, when one or more unauthorized individuals accessed or potentially accessed information stored on Insurance Technology Corp.
What is ITC and zywave?
MILWAUKEE – (Nov. 24, 2020) – Insurance technology provider, Zywave, today announced the acquisition of Insurance Technologies Corporation (ITC), a leading provider of marketing, rating, and management software and services to the insurance industry.
How do you know if a data breach letter is real?
The letter should direct you to a . Anything you do should be through that website. It should give you a 25 digit pin number to use. The government will not email or call you about this breach. If the letter comes in the form of an email, it is NOT legitimate.
What do you do when you get a data breach notice?
To protect financial accounts that may have been exposed in a data breach:Close all affected accounts and have account numbers changed. ... Cancel all affected credit and/or debit cards.No matter what the breach notification tells you, assume passwords and usernames were breached.More items...
How many customers does zywave?
We're proud to now partner with more than 15,000 customers in more than 10 countries across the globe, including agents, brokers, carriers and HCM service providers, to enhance client services, drive business growth and promote greater health, wellness and safety.
How much does agency matrix cost?
Agency Management System PricesPlanBase PriceSetup CostsLite$69/month/office$199Gold$129/month/office$399Platinum$179/month/office$499Diamond$289/month/office$5991 more row
Who is ITC Agency Matrix?
Agency Matrix, LLC is a Duluth, Georgia-based technology company providing management system products to the insurance industry and small business owners around the country. ITC is headquartered in Carrollton, Texas, and currently serves more than 200 insurance companies and more than 7,000 agencies.
How to file a claim for toll road settlement?
What are my options? You have four options: First, using your Unique ID number shown at the top of this email, you can submit your claim online here at the Settlement Website, www. TollRoadsSettlements.com and seek benefits from the Settlement. Alternatively, you may download a paper Claim Form at the website and submit via regular mail. Second, you may do nothing, in which case you will not receive a cash award but may still receive penalty forgiveness, and your claims against Defendants will be released and you will be bound by the orders and judgments of the Court. Third, you may exclude yourself from the Settlement by mailing a signed letter to the Class Administrator, indicating that you wish to be excluded from the Settlement. If you exclude yourself, you will receive no penalty forgiveness or cash awards from the Settlement, but you will keep any claims you have against Defendants to the extent that they are not barred by applicable law and have not been resolved by the Court. Fourth, as long as you do not exclude yourself from the Settlement, you may object to the Settlement and indicate whether you plan to appear at the Fairness Hearing, which is scheduled to occur on January 4, 2022, at 10:00 a.m., via Zoom. You may appear at the hearing, either yourself or through an attorney hired by you, by calling (phone number) (or visiting the FAQs on the Settlement Website) to request the Zoom link and/or telephone number for the hearing, but you don’t have to. Please notify the Settlement Administrator of any change in your contact information.
When is the deadline to submit a claim in 2021?
What are the deadlines? The deadline for submitting a claim, excluding yourself, and objecting is 11:59 p.m. PT on November 8, 2021. The Detailed Notice available on the website explains how to exclude yourself or object.
