Greater New York Mutual Insurance Co. agreed to a class action lawsuit settlement to resolve claims it improperly deducted depreciation from commercial property insurance claims.

Plaintiffs in the class action lawsuit claim that Greater New York Mutual wrongfully deducted nonmaterial depreciation from labor on commercial property damage claims. This practice allegedly resulted in lower payments for policyholders.

Greater New York Mutual Insurance Co. is a commercial insurance company that has been offering coverage since 1914.

Greater New York Mutual Insurance hasn’t admitted any wrongdoing but agreed to pay an undisclosed sum to resolve the depreciation class action lawsuit.

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Greater New York Mutual Insurance Depreciation Class Action Lawsuit

Who’s Eligible:
- Policyholders under commercial property insurance policies issued by Greater New York Mutual Insurance Co. who made a structural loss claim for property in Illinois between Jan. 1, 2019, and Sept. 23, 2021, that resulted in an actual cash value that withheld nonmaterial depreciation
Estimated Amount: Varies
Proof of Purchase: N/A
Claim Form Deadline: 11/07/2023
Case Name & Number:
- Danshir LLC, et al. v Greater New York Mutual Insurance Co., Case No. 21-cv-01158, in the U.S. District Court for the Northern District of Illinois
How to file a claim:
- Head over to the Claim Form.
- Read over the claim form to see if you are eligible.
- Complete the claim form with your info.
- Submit your claim form to receive your potential award!

File a Claim

(Click here to file a claim)

Bottom Line

Don’t forget to take a look at our full list of Class Action Lawsuit Settlements! Be sure to give our list of No-Proof Class Action lawsuit to see other settlements you may qualify for.