Time is running short: Insurance customers could be owed up to $2,500 after this massive data breach

With just over two months remaining, millions of Americans affected by a major insurance data breach have a limited window to claim their share of a $6 million settlement. If you've been a customer of certain life insurance companies, this could mean money in your pocket—but only if you act before the December deadline.

The settlement stems from a cyberattack that hit Landmark Admin, a Texas-based company that handles administrative services for insurance companies. The breach potentially exposed personal information of up to 1.6 million individuals, making it one of the larger insurance industry data breaches in recent years.

What happened and when

The data breach occurred between May 13 and June 17, 2024, when hackers gained unauthorized access to Landmark Admin's computer systems. The attackers accessed names, Social Security numbers, financial accounts, driver's license numbers, health insurance data, and other sensitive information.

Landmark Admin, based in Brownwood, Texas, provides third-party administrative solutions for life insurance and annuity companies, offering services including policy tax reporting, policy accounting, and regulatory reporting assistance. The company serves as a behind-the-scenes administrator that many policyholders may not have heard of directly.

Two paths to compensation

The settlement offers affected individuals two different compensation options, though you can only choose one:

Option 1: Documented losses - Up to $2,500 for individuals who experienced financial losses stemming from fraud or identity theft linked to the data breach. You must provide supporting documentation, such as credit reports, bank statements, and police reports, and any monetary loss must have occurred after June 17, 2024.

Option 2: No-documentation payment - A flat payment of $30 for class members without proof of losses. However, this amount may be reduced or increased on a pro rata basis, depending on the number of valid claims and their value.

Also read: October brings energy relief: Four programs delivering up to $3,200 to cash-strapped Americans

How to file your claim

The process is straightforward, with both online and mail-in options available:

Online filing:

• Visit LandmarkDataSettlement.com
• Click “Submit a Claim”
• Enter your Settlement Claim ID (found in your notification letter)
• Fill out the required information
• Upload any supporting documents
• Choose your payment method

Mail-in option:

Download the PDF claim form from the settlement website, fill it out completely, and mail it to:

Landmark Settlement Administrator

P.O. Box 1591

Baton Rouge, LA 70821

Documentation that counts

If you're seeking the higher compensation for documented losses, you'll need solid proof. Acceptable documentation includes:

• Bank statements showing unauthorized charges
• Credit reports with fraudulent accounts
• Police reports for identity theft
• Bills for credit monitoring services you purchased
• Documentation of time spent resolving identity theft issues

The key requirement is that losses must be “more likely than not” connected to the breach and occurred after June 17, 2024.

Also read: Are you owed money? Wells Fargo to send out checks up to $5,000 after major settlement

Modern payment options available

Eligible class members can choose to be paid via Venmo, Zelle, PayPal, or a physical check. This variety of payment methods makes it easier for people who prefer digital transactions or those who want a traditional paper check.

For those unfamiliar with digital payment platforms, a traditional check remains available and might be the most comfortable option.

Important deadlines ahead

The deadline to submit claims is Friday, December 26, 2025, at 11:59 PM Central Time. Missing this deadline means forfeiting any right to compensation.

Other key dates:

• November 25, 2025: Deadline to opt out of the settlement if you want to sue independently
• January 29, 2026: Final approval hearing
• Payments are issued approximately 90 days after final approval and claim processing completion

Protecting yourself going forward

While this settlement addresses past harm, it's crucial to take steps protecting your personal information from future breaches:

Immediate actions:

• Review your credit reports from all three bureaus
• Set up fraud alerts on your credit accounts
• Monitor bank and credit card statements closely
• Consider freezing your credit if you're not actively applying for new accounts

Long-term protection:

• Use strong, unique passwords for all accounts
• Enable two-factor authentication where available
• Be cautious about sharing personal information
• Regularly review insurance and financial statements

Getting help with your claim

If you believe you're eligible but didn't receive a notification letter, don't assume you can't file a claim. Contact the Settlement Administrator at 855-592-5777 or email [email protected] to inquire about your eligibility.

The settlement website at LandmarkDataSettlement.com also contains detailed FAQs and additional resources to help you understand the process.

What happens next

The settlement received preliminary court approval on August 8, 2025, and barring any major objections, the final approval hearing will proceed as scheduled. If approved, payments should begin going out in spring 2026, though appeals could potentially delay the process.

This settlement represents accountability for companies that handle your sensitive personal information. While no amount of money can undo the inconvenience and worry caused by a data breach, this compensation recognizes the real impact these incidents have on people's lives.

The clock is ticking, and the December 26 deadline will arrive quickly. Whether you suffered documented losses or simply want to claim the basic payment, taking action now ensures you won't miss out on compensation you're entitled to receive.

Read next:

• Panera Bread settlement: How customers can claim compensation before November deadline
• Could you be owed part of a $4.25 million settlement? Here’s how to claim up to $5,000 before October 30
• Shoppers could get payouts from Amazon’s $2.5B settlement—are you one of them?

Key Takeaways

• Americans affected by a data breach involving six major insurance companies and Landmark Admin between May and June 2024 can claim up to $2,500 in compensation for proven financial losses, such as fraud or identity theft, by providing supporting documentation.
• Settlement class members should have already received notification letters, and those without proof of losses can still claim a smaller payment of up to $30, subject to reduction depending on the number of overall claims.
• Landmark Admin and the insurers have agreed to a $6 million settlement, despite not admitting any wrongdoing, with the deadline for submitting a claim set for 26 December 2025.
• In separate news, a $418 million settlement with the National Association of Realtors is expected to make real estate commission fees more transparent and could lead to reduced commission costs for both buyers and sellers in the US.

Have you received a notification about this settlement? Have you ever been affected by a data breach? What steps do you take to protect your personal information? Share your experiences or concerns in the comments below—your insights could help other readers navigate this process.