Published
April 8, 2026
Updated
August 1, 2026
The July 2 claim deadline for the $20.925 million State Farm New Mexico UIM settlement has passed. The official site still conditions payments on final approval and finality, while objections limited to the requested attorneys' fees remain due August 11, 2026.
Current Status
New benefit claims are no longer accepted. The June 8, 2026 fairness hearing has been held, but the official FAQ does not state that the settlement is finally approved or effective, and its public documents page still shows the preliminary approval order. The site says approved payments will follow only after court approval becomes final. The ordinary settlement objection and opt-out deadline passed May 18; a later, separate deadline of August 11, 2026 applies only to objections to the attorneys' fee and expense request, not to new claims.StatusClaims Closed; Approval and Fee Review Continue
Claim DeadlineJuly 2, 2026 — Passed
Aggregate Benefit Cap$20,925,000
Fee-Request Objection DeadlineAugust 11, 2026
What Was the New Mexico UIM Lawsuit About?
The lawsuit challenged State Farm's sale of the underinsured-motorist component of New Mexico Uninsured and Unknown Motorist Coverage, often called U Coverage. The plaintiff alleged that State Farm did not adequately explain how New Mexico's offset procedure could reduce benefits when an underinsured-motorist claim was adjusted. The complaint asserted negligence, misrepresentation, unfair-practices, insurance, contract, and related theories. State Farm denies wrongdoing and says no court or agency has determined that it violated the law. The settlement is a compromise, not an admission.Who Was Included?
The class generally includes people and their specified successors who were insured under New Mexico policies issued by the State Farm defendants that included U Coverage from January 1, 2010 through December 31, 2021. A person who received a mailed or emailed notice was likely identified as a potential class member. The agreement excludes certain people who separately sued or already settled a claim involving the challenged offset and released it, as well as the presiding judges. The formal settlement definition controls.How Much Could an Eligible Claimant Receive?
A qualifying claimant could receive an amount representing up to 21 percent of premiums paid for minimum-limits U Coverage during the class period or up to 13 percent of premiums paid for non-minimum-limits U Coverage. Those percentages are maximum formula amounts, not guaranteed refunds. In general, the settlement provides no more than one payment per household. The administrator calculates the amount from State Farm's policy and premium records together with the timely claim.What Does the $20.925 Million Cap Mean?
The agreement places a $20,925,000 aggregate cap on settlement payments. If the total of timely, valid calculated payments exceeds the cap, individual payments can be reduced pro rata. State Farm agreed to pay approved attorneys' fees, expenses, and the requested service award separately, so those items are not deducted from the benefit cap. The cap is not an estimate that every claimant will receive the same share.What Did the Claim Process Require?
A class member had to complete and submit a valid form online or by mail by July 2, 2026, generally using the claim identifier from the notice. The claim authorized the administrator to match the person with policy and premium information. The official FAQ now says forms are no longer accepted. Updating contact information for an already-filed claim is different from submitting a late claim and should be handled only through the method on the official site.What If the Calculated Payment Is Disputed?
The settlement provides a neutral-evaluation process after a claimant receives a payment or a notice that no payment will be made. The request generally must be made within 30 days of the applicable mailing or postmark. That later review is not a way to file an original claim after July 2; it addresses the administrator's decision on a timely submission. Claimants should preserve the original notice, claim confirmation, and any payment calculation.The August 11 Deadline Is Not a Claim Deadline
The initial deadline to object to the settlement itself or exclude oneself was May 18, 2026. The official FAQ later added an August 11 deadline for class members who want to object specifically to the requested attorneys' fees and expenses. That limited court process does not reopen benefit claims and does not allow a new opt-out. Readers should use the court-authorized instructions because a fee objection has filing and service requirements that are different from a settlement claim.Why Final Approval Is Not Assumed
The court held the fairness hearing on June 8, but the public FAQ continues to say payments will be provided after the settlement is approved and becomes final. The official documents page available for this update lists the agreement and preliminary approval order, not a final judgment. A completed hearing is only one procedural event. Until a final order is posted or the administrator announces approval, describing the matter as finally approved or payment-authorized would be premature.When Might Payments Be Made?
The notice does not provide a fixed check date. Timing depends on final approval, the appeal period, claim validation, whether the total calculations require a pro rata reduction, and resolution of the separate fee process. Former claimants should monitor the official Schwartz UIM settlement site. OpenClassActions cannot confirm an individual claim or estimate when the administrator will finish calculations.What Happens If a Class Member Did Nothing?
A person who stayed in the class but did not file by July 2 will not receive settlement benefits and will be bound by the release if the agreement becomes final. This settlement therefore differs from the separate State Farm Bank repossession matter, where records-based benefits were proposed to be automatic. Similar company names do not make the claim rules interchangeable, and no form from another State Farm case can cure a missed Schwartz deadline.Official Information
Review the latest information on the official Schwartz UIM settlement website.
Case
Schwartz v. State Farm Mutual Automobile Insurance Company, et al.
Case Number
18-CV-00328-KWR-SCY
Court
U.S. District Court, District of New Mexico
Class Period
January 1, 2010–December 31, 2021
Aggregate Cap
$20,925,000
Claim Deadline
July 2, 2026
Fee Objection Deadline
August 11, 2026
Public Status
Final approval not yet posted
Official Website
official Schwartz UIM settlement
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