Disability Law

Structured Settlement Credo - 2

By Patrick Hindert

If the structured settlement industry is "transitioning", what exactly is changing and why?

Causes of industry transition:

• Internet technologies - their impact on business models, strategies and skill set requirements.
• Legislation and regulations - the secondary market; Medicare; Medicaid; and 468B;
• Financial meltdown - the impact on AIG, J.G. Wentworth and others.
• New U.S. President - more expected legislative and regulatory change.
• Aging industry leadership - the need for a new generation of younger and smarter industry leaders.

How will the industry transition impact:

• Credo
• Ethics
• Values
• Standards 
• Public policy?

When and where will those "transition" issues be addressed?

If adaptability is critical for survival, is the structured settlement industry prepared to discuss and/or change its credo?

Full post as published by Beyond Structured Settlements on January 15, 2009 (boomark / email).