Is Swann Class Action Settlement a Scam?
The Swann Class Action Settlement or Swann Insurance Class Action is not a scam. 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 motorcycles between 1 January 2008 and 1 August 2017 inclusive.
Mr. Asirifi-Otchere commenced the Swann Class Action or Swann Insurance Class Action on his own behalf and on behalf of all people and businesses who are “group members”.
To work out whether you are a group member, click here.
More details about the Swann Insurance Class Action are set out in the Opt Out and Common Fund Notice.
The Swann Insurance Class Action has settled for an amount of $138 million.
The Settlement Distribution Scheme is published at portal.swannclassaction.com.au. This document sets out the formula to be used to calculate amounts payable to Group Members. This document can be viewed here.
Registration
Persons identified as Group Members received a Settlement Notice on or around 19 February 2021. You may have also heard about Swann Insurance Class Action from newspapers or advertisements.
If you are an eligible Group Member, in order to participate in the settlement distribution, you must register by 5 PM AEST on 10 May 2021.
If you fail to register before the deadline, you will not receive a settlement distribution.
Registration is available online by clicking the “REGISTER” button at the top of the portal.swannclassaction.com.au webpage.
FAQs
Before you contact them, please read the FAQs here.
Opting Out
The opt out period closed on 15 November 2019, however orders were made by Justice Gleeson on 24 July 2020 validating opt out notices lodged after 15 November 2019 to the date of the order.
Further orders were made on 1 September 2020 validating opt out notices lodged after 24 July 2020 and on or before 2 September 2020.
The time to opt out of the class action has passed.
Court Documents
The relevant Court documents in this case may be accessed through the "Court Documents" page. Please click here to access.
Updates
Updates in this case
17 December 2020: The Federal Court approved the Swann Insurance Class Action settlement. To view the Court Order dated 17 December 2020, please click HERE. On or around 15 February 2021: The registration to participate in the settlement distribution opened. Group Members must register by 5 PM AEST on 10 May 2021 to be eligible for a settlement distribution.
Update My Details
When you register, you may be asked to enter your contact details as stated in your Swann policy or policies.
If your contact or bank details change after you successfully register, please click here to update your details.
Contact Us
FAQs: click Email: Online query form: click here
Phone: +61 3 9288 6333
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