Greater New York Mutual Insurance

The settlement compensates policyholders who had depreciation improperly deducted from their commercial property insurance claims.

This class action settlement addresses claims that Greater New York Mutual Insurance Co. improperly withheld nonmaterial depreciation from actual cash value payments on commercial property insurance claims in Illinois between 2019 and 2021.

• Policyholders with commercial property insurance from Greater New York Mutual Insurance.
• Claims for structural loss in Illinois between Jan. 1, 2019 and Sept. 23, 2021.
• Claims where nonmaterial depreciation was withheld from actual cash value.