Litigation

Several Structured Settlement Brokers Attend JG Wentworth Conference

Posted on June 19, 2008
According to our sources Patrick HIndert has leaked that several structured settlement brokers, attended "cash now pusher" JG Wentworth's conference in Philadelphia this week. One of those was Michael A. Upchurch of Jacksonville, FL, President of Delta Group and Upchurch...

Woodbridge Investments Contributes To Structured Settlement Factoring Industry Sleaze

Posted on June 19, 2008
Trouble in the factoring 'hood! Cash Now Pusher Woodbridge Investments has apparently hired a little pay per post hottie named Carlyn Sierra to profit from Cash Now Pusher J.G. Wentworth's trade name. In its latest exhibit of cheese and sleaze...

"They Have a Fat Woman With Horns bellowing "877 Cash Now" or something like that. Is this Who YOU Trust?"

Posted on June 19, 2008
"You have a $1 million settlement, and you are going to trust these yahoos? For God?s sake? they have a fat women wearing horns bellowing ?877 Cash now? or something like that. Is this who you trust? "June 4, 2008;...

J.G. Wentworth CEO: "I would love to be in the [primary structured settlement] business"!

Posted on June 18, 2008
Patrick "Judas" Hindert's latest post about the so-called "Structured Settlement Thought Leadership Conference" (a/k/a The JG Wentworth conference) should raise an alarm bell. The duplicitous Hindert attempts to position this as some kind of independent conference when it was a...

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AM Best Rates AIG/American General A+ (Superior)

Posted on June 18, 2008
The AIG/American General life underwriting companies have been rated A+ (Superior) by AM Best effective June 17, 2008. While this represents a downgrade, an A+(Superior) rating puts AIG/American General on par (from an A.M. Best standpoint) with the majority of...

They Call Themselves Patriot?

Posted on June 18, 2008
In my opinion "Cash Now Pushers" who imply to tort victims that they can get "the full sum of the money due them" from a structured settlement by selling their rights to the structured settlement are committing fraud on the...

Aviva Life AmerUs Merger Now to Be Concluded in The Fall

Posted on June 17, 2008
Aviva Structured Settlements announced today that the US entity consolidation between Aviva Life Insurance Company and AmerUS to form Aviva Life and Annuity Company, originally scheduled for this summer, is now scheduled for this Fall. Aviva expects the consolidation to...

When Is a Hyena a Badger?

Posted on June 17, 2008
"There seems to be a trend being set by certain structured settlement factoring companies to call an annuitant up to 10 times a day until they give in and accept a quote to sell their future structured settlement payments. This...

Settlement Planners Beware! Your Inaction May Result in Liability Exposure If Things Go Pear Shaped

Posted on June 17, 2008
Settlement planners should not accept paid referrals from financial planners without defining the scope of the engagement, or they risk professional liability exposure. The increasing convergence of disciplines is fraught with both obvious and unrealized potential liability traps...

Who Is Daniel Bijan to DealFlow Media?

Posted on June 15, 2008
A made for Google Adsense website called structuredsettlementbrokers.net Download stuctured_settlement_brokersstuctured_settlement_brokers.pdf is filled solely with recent content derived from DealFlow Media's Structured Settlements Wire, including inccurate information about the National Structured Settlement Trade Association...

Annuities Growing Popularity-Fixed Annuities Growth Exceeds Variable For First Time in 2 years

Posted on June 14, 2008
Some very positive news. For the first time since the Q3 of 2006, fixed annuity sales growth EXCEEDED variable annuity sales growth, according to the Life Insurance Market Reaserach Association (LIMRA). Driving factors cited by LIMRA include: Short-term interest rates...

Speaking of Settlements-Don't be "JAFO"-Quit Ogling and Start Writing!

Posted on June 14, 2008
Speaking of Settlements is an online social network for settlement professionals. It is a place to share videos, audio, photos, and stories. Settlement professionals who join get unlimited media uploads! An early adaptor to Web 2.0 like this author, Mark...

DealFlow Media NSSTy Story Inaccurate AGAIN! BUT Should NSSTA members thank them?

Posted on June 13, 2008
A statement by DealFlow Media, concerning the attendance of the NSSTA Executive Director at an upcoming JG Wentworth conference, is inaccurate. If the DealFlow quote from Patrick Hindert is accurate however, DealFlow Media is to be thanked for exposing Patrick...

A Tale of Two Factoring Brokers

Posted on June 11, 2008
Doesn't Rhonda Bentzen have anything to say except gossip about the comings and goings in the structured settlement industry? Not a peep from her since April Fools Day. Out of 11 posts since February 18, 2008 3 were directly about...

Helping Tort Victims? Image Of Empty "Hedge Fund" Suits Chasing Papers All Over The Great Plains"

Posted on June 11, 2008
Admirer of "the grace" of the now incarcerated former class action lawyer Bill Lerach, Robert Risk, a settlement planner out of Tulsa Oklahoma is in the process of reforming his website Structured Settlement and Annuity Services, to a what appears...

"Restructured Settlements" Handiwork of Someone We All Know?

Posted on June 11, 2008
On January 25, 2007 I posted a story called "Restructured Settlements. Legitimate?" To do a so called "restructured settlement" you must sell your structured settlement payment rights AT A DISCOUNT, which might be substantial, BEFORE other products are purchased to...

Spammer Mark Benedict Young An Embarrassment.

Posted on June 10, 2008
Mark Benedict Young continues to abuse the structured settlement info space by spamming "Life Insurance Structured Settlements For Your Family" over and over again. This time its on a spam "made for Adsense" Blogspot blog called Pet Aspirin. On June....

Athlete and Celebrity Endorsements Can Now Be Structured Via "Non Qualified Assignments"

Posted on June 10, 2008
Allstate Life Insurance Company and Allstate Life Insurance Company of New York have announced the ability to utilize the Allstate International Assignments, Ltd. facility for the structuring of Celebrity Endorsement Fees through the Non-Qualified Assignment process...

IRC 468B Qualified Settlement Funds Revisited...It's Not Ripe Until It's 4 Years Old

Posted on June 09, 2008
Judging by today's output, Patrick Hindert apparently enjoys browsing dusty bookshelves and rifling through files seeking vintage 4 year old scholarly missives. Hindert's last "dumpster dive", only two years ago, brought us Adam Scales then 4 year old paper "Against...

Patrick Hindert Is All "Poultry" On Strategy of Factoring as Growth Tool

Posted on June 08, 2008
It's pushing 100 degrees in the nation's capital, close to that out here on Long Island Sound, and the "The Hindert Chicken Meter" is on roast. Many in the structured settlement/settlement planning industry have for years been subjected to Hindert's....

What Is A "Structured Settlement License"?

Posted on June 07, 2008
On a number of structured settlement industry/settlement planning industry web sites it is advertised that one or more individuals are a "licensed structured settlement broker" There are structured settlement brokers who hold life insurance broker's licenses , or agent's licenses...

"Squidward" on Securitizations of Structured Settlements

Posted on June 07, 2008
Investment Dealers' Digest, a publication of Sourcemedia, is the weekly magazine more investment bankers turn to for essential news that helps them identify market opportunities and new deal structures. Securitization is the practice of reselling regular payments made by consumers...

J.G. Wentworth "Commercials"... What People Really Think?

Posted on June 07, 2008
Follow up with a post with a collection of comments on how people on the street really feel about J.G. Wentworth commercials gleaned from a Google search of "J.G. Wentworth commercial". "This has nothing to do with celebrities, or boobs,...

JG Wentworth's "Beserker Warriors"

Posted on June 06, 2008
It seems somewhat curious how "cash now pusher" and Academy of Special Needs Planners sponsor JG (?Just Gimme?)Wentworth, in their commercial "Viking Opera", has chosen to adopt Vikings as part of their latest attempt to pry money from structured settlement...

AIG American General Issues Q&A on Recent Ratings Releases

Posted on June 05, 2008
The following Question and Answer Memo was distributed by AIG/American General today. The AIG/American General memo addresses the recent AIG corporate earnings announcement, the recent ratings actions and reaffirms the strength of AIG/American General and the entire AIG global operations...

A Stupid Financial Mistake...A Big One Is Looming for The Unwary As Structured Settlement Intrinsic Values Likely To Increase In Coming Years

Posted on June 05, 2008
The intrinsic value of your existing structured settlement will likely increase over the next 4 years regardless of who is the next President of the United States, John McCain or Barack Obama. To best part is that to get this...

Pre-Settlement Funding Nothing To Do With Structured Settlements! DealFlow Media Propaganda Rubbished

Posted on June 05, 2008
The "structured settlement illiterati" at Deal Flow Media served up more digital diarrhea with a story about pre-settlement funding on the company's online Structured Settlements Wire. It SHOULD be obvious to readers that Pre-Settlement Funding HAS NOTHING TO DO WITH...

Deal Flow Media Implies "They Should've Illegally Rebated"

Posted on June 05, 2008
DealFlow Media's attempt to portray as irony that The Hartford Financial Services Group is included on the Ethisphere Institute's second annual "World's Most Ethical Companies" list, despite allegations of unethical practices that the company has faced in its structured settlements...

Structured Settlement Quotes...Do You Need One Now?

Posted on June 05, 2008
If you need structured settlement quotes you want to get in touch with a specialty insurance agent or broker who is licensed in your state**. For the average person searching on Google it's tough to tell who can give you...

Is Indiana Couple's Disgust Indicative of Impending Backlash Against JG Wentworth?

Posted on June 04, 2008
It was refreshing to read the April 16, 2008 blog post of Indiana Couple, Michael and Chrissy Wilson entitled "Annoyed at JG Wentworth Commercial" which is appropriately categorized under "Stupid Stuff". When it comes to exchanging your regular annuity payment...

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