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Disability Law

: Beyond Structured Settlements

SSP and NSSTA 2010 Annual Meetings - 9

By Patrick Hindert

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The Society of Settlement Planners (SSP) and the National Structured Settlement Trade Association (NSSTA) should be congratulated for excellent 2010 annual meetings - especially immediate past-Presidents Joseph Tombs and Daniel Durbin,

S2KM's complete coverage of the SSP and NSSTA 2010 annual meetings is available on S2KM's structured settlement wiki.

Continuing post-meeting S2KM commentary:

  • Both the SSP and NSSTA 2010 meetings occurred in Washington, D.C. at nearby hotels during the same week - May 2-7.
  • Attendance at both the SSP and NSSTA meetings was good (not great) - despite the economic downturn in structured settlements.
  • Approximately 10 persons attended portions of both the SSP and NSSTA meetings.
  • The scheduling conflicts between SSP and NSSTA occurred primarily on the morning of May 4 - which created difficult choices for persons attending both conferences.
  • Unless otherwise indicated, S2KM's comments are limited to educational programs Patrick Hindert, S2KM's Managing Director, personally attended.
  • For pre-program educational listings (topics and speakers) for both the SSP and NSSTA meetings, see this prior S2KM blog post.
  • S2KM opted to attend NSSTA meetings on May 4 and missed valuable SSP presentations including two Medicare set-aside arrangement (MSA) panels organized by Jason Lazarus, SSP's new President for 2010-2011.
  • Both SSP and NSSTA prioritized MSAs in 2010. 
  • Douglas Brand, a featured SSP speaker about MSAs has also served as the key NSSTA Director in developing NSSTA's government benefits committee and educational program.
  • Joseph Tombs, SSP's 2009-2010 President, and Director of SSP's settlement planning certification program, continued SSP's educational series about "Minors Settlements" initiated by Texas attorney Phillip McCrury during the SSP 2009 annual meeting.
  • As positive hallmarks of their SSP and NSSTA presidencies, both Tombs and Durbin successfully played to their strengths - personal, business and associations.
  • Tombs continued and elevated SSP's excellent educational programs, including the Registered Settlement Planner Program,which Tombs developed and manages.
  • Jason Lazarus, a respected knowledge leader within multiple settlement consulting communities, succeeds Tombs as SSP's President.
  • SSP's educational and political strategies continue to espouse "improve and grow" - for both the structured settlement and settlement planning industries.
  • Durbin led NSSTA's leadership transition from Joseph Ricci to Eric Vaughn and Peter Arnold. During this transition, NSSTA sharpened and expanded its political focus and delivered on its promise to "protect and preserve" IRC sections 130 and 104(a)(2).
  • Michael Kelly succeeds Durbin as NSSTA's 2010-11 President and will be joined on the NSSTA Board of Directors by five newly (re) - elected Directors - Joseph Barnet; Len Blonder; Randy Dyer; John Machir; and James Ebel.
  • Among the retiring NSSTA Directors, S2KM's Managing Director Patrick Hindert, a NSSTA member, interacted primarily with NSSTA Directors Joseph Shannon and Douglas Brand.
  • Both Shannon and Brand deserve industry thanks:
    • Shannon served as liaison between NSSTA's Board of Directors and NSSTA's legal committee.
    • Brand served as liaison between NSSTA's Board of Directors and NSSTA's government benefit committee.
  • The SSP and NSSTA 2010 annual meetings highlighted the need for new Internet-based structured settlement educational strategies and resources.
  • The combined SSP and NSSTA structured settlement learning experience was overwhelming. Incredibly rich structured settlement knowledge was crammed into less than 5 days without any announced (to date) knowledge capture and/or post-conference knowledge distribution.
  • Except for NSSTA references to the new NSSTA website, neither SSP nor NSSTA offered any Internet educational ideas or discussions at their 2010 annual meetings.

Post-conference leadership questions:

  • How will SSP's and NSSTA's new leaders respond to industry changes, challenges and opportunities?
  • Who are the young (under age 40) structured settlement industry leaders?
  • When and how will SSP and NSSTA transition their educational strategies to embrace the Internet?
  • What shared interests exist between SSP and NSSTA to improve and grow the structured settlement industry?

Full post as published by Beyond Structured Settlements on May 16, 2010 (boomark / email).

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