Litigation

Peachtree Settlement Funding Gets the "Bronx Cheer" From Judge Norma Ruiz!

Posted on July 28, 2010
It is good to see that New York judges are doing their part to enforce the Structured Settlement Protection Act. The "enforcement" award goes to Judge Norma Ruiz who prevented a deal from going to Peachtree Settlement Funding that had...

WSJ-Zweig Article on Investing in Secondary Structured Settlement Market-3

Posted on July 27, 2010
In further follow up to "The Fugu Logic" of the Wall Street Journal and the Secondary Market for Structured Settlements, this author contacted John Bulbrook, CLU of Bulbrook-Drislane in Wellesley Massachusetts. Bulbook is a long time insurance General Agent for...

SSP: Still "Driving Under The Influence" Of A Factoring Intermediary?

Posted on July 27, 2010
Strange things are afoot at the SSP! In May "the structured settlement watchdog" reported that factoring intermediary Rnonda Bentzen was named to the Board of Directors of the Society of Settlement Planners after the information found its way into his...

"In Force" Structured Settlement Opportunities of the Week: 5% for 2 Years!

Posted on July 26, 2010
If you are looking for an alternative to CDs or bonds for your IRA or pension consider structured settlement payment rights. Some of the opportunities available this week: Pay approximately $149,360 for a $220,000 lump sum payout 2/11/2018 IRR 5.4%...

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WSJ on Investing in Structured Settlement Secondary Market-2

Posted on July 25, 2010
The comments to Jason Zweig's Wall Street Journal Online article, "Another Can't-Miss Deal That Can Miss Spectacularly" , offer an opportunity to address some areas of financial literacyA. One reader says (as an alternative to purchasing structured settlement payment rights)...

Waiver of Legal Fees in Exchange For Placing Structured Settlement Business?

Posted on July 25, 2010
In recent years the structured settlement planning industry has seen an infusion of lawyers. What is noteworthy is that some are still practicing law, some use their legal credentials as a reason to do business with them and some are...

2010 Failures: Banks 100 Life Insurers Issuing Structured Annuities 0

Posted on July 24, 2010
The life insurance companies that issue structured settlement annuities really are a bunch of losers, compared to banks. But the "losers" should be proud to be on the end of a 100-0 pasting as the second half kicks off. Last...

The "Fugu Logic" of the WSJ and the Secondary Market For Structured Settlements

Posted on July 24, 2010
The image in the Wall Street Journal article "Another Can't-Miss Deal That Can Miss Spectacularly ", shows a crouching vulture over a yield sign. Perhaps that's the reason one can't help cackling with the irony of author, Jason Zweig, citing...

Olber "dingbat" on Structured Settlement Disadvantages

Posted on July 23, 2010
What can the author of Side Effect of Penicillin on Cats and the Signs and Symptoms of EColi Food Poisoning offer you on the subject of structured settlements? Apparently not much. According to his bio Matt Olberding has been a...

Insurance Company Bankruptcy: Insurers CANNOT File Chapter 7 or Chapter 11 (With Few Exceptions)

Posted on July 23, 2010
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 ("BAPCPA") amended the bankruptcy code and continued the long standing bar against insurance company bankruptcies The Federal Bankruptcy Code expressly denies bankruptcy liquidation relief to insurance compnaies by providing that:...

Settlement Planning With The Tax Tsunami on The Horizon

Posted on July 22, 2010
An Investors Business Daily editorial posted on July 21, 2010 sounds the tsunami early warning system over the tax increases that appear on our collective horizon. This posts examines the first wave, and the impact it will have on plaintiffs,...

Flood of "Unrequited" Rated Age Requests Raises "Theft of Services" Question

Posted on July 21, 2010
Does the submission of huge volume of rated age requests to life insurance companies, with little to no expectation of submitting business to those companies, all the while taking a big fee for acting as the middleman, constitute theft of...

Blog Rodent Alert-1: Structured-Settlement-Info.Net

Posted on July 20, 2010
The structured settlement watchdog hits the trenches in the war against blog rodents. Structured-Settlement-Info-Net is today's specimen of Blogus Illiterati Rattus Rattus. The blog owned by some person from the Netherlands (Holland) who wishes to remain anonymous...

Secondary Market Structured Settlement Payment Rights 6% for 9 years 8 months AAA

Posted on July 20, 2010
One of the more notable opportunities in this week's secondary market specials is the ability to get a 6% IRR on payment right to a $50,000 single deferred lump sum payment to be paid in 9 years and 8 months...

Guaranty Fund Advertising in Social Media: Structured Settlement Annuities

Posted on July 19, 2010
The explosion in social media use for business promotion seems to present some potential new compliance challenges for settlement consultants In response to a posting of a slide show by a structured settlement broker on LinkedIn this author has written...

Allstate Structured Settlements For Minors: Tightens Guidelines on Court Orders

Posted on July 19, 2010
Allstate Life Insurance Company issued new guidelines July 19, 2010 which tightened its requirements on settlements involving minors and incompetents. The requirements give us a good reason to review the structured settlement process for our readers and to examine the...

The Hartford's Unintended Legacy to Inattentive Structured Settlements Consultants

Posted on July 18, 2010
There are a number of structured settlement consulting firms and settlements groups who continue to use outdated marketing materials originally prepared by The Hartford in 1999 on their websites. The Hartford exited structured settlement underwriting almost a year ago...

Blogs That Promote Structured Settlement Illiteracy Through Illegitimate Means

Posted on July 18, 2010
The blog rodents are back! The "blog rodent dance" (pictured left) involves the sleazy practice of blog owners who make unauthorized use of the name of legitimate structured settlement industry players and their professional associations to websites which contain inaccurate...

Why Is Structured Settlements Broker Buffaloed by Structured Settlements 101?

Posted on July 16, 2010
The other day I was involved in a trivia contest at a local restaurant and astounded that one of my fellow contestants was really stymied by a series of questions seeking which President appears on a $50 Bill , a...

Financial Literacy Moments of 2010-12: Daily Rates and Structured Settlement Annuity Cost

Posted on July 15, 2010
Structured settlement planners and settlement consultants may have been heard telling their clients that they "have been working very hard to squeeze the most out of the annuity providers on your behalf". This usually DOESN'T involve any "wiseguys", water boarding...

Structured Asset Funding Trade Secret Lawsuit-3: Salacious Allegations Dropped

Posted on July 15, 2010
All of Defendant Marlon G. Oddo's twelve affirmative defenses asserted in his answer to the complaint reported on June 14, 2010 have been stricken from the record with prejudice according to the Order of Broward County Judge Eileen O' Connor...

SEC Rule 151A Vacated By DC Circuit Court of Appeals!

Posted on July 14, 2010
The United States Court of Appeals for the District of Columbia has vacated SEC Rule 151A, the rule which would have treated fixed indexed annuities as securities for the purpose of federal regulation effective January 12, 2011.As a result of...

Structured Settlement Companies in Wards 50® Top Performing Life Insurers

Posted on July 14, 2010
A number of current and former structured settlement annuity issuers have made the 2010 Wards 50® of Top Performing Life Insurers: Aetna Life Insurance Company Amica Life Insurance Company* American Family Life Insurance Company* Metropolitan Life Insurance Company New York...

Structured Settlement Planning E& O Insurance-3

Posted on July 13, 2010
The American Association of Long Term Care Insurance is sponsoring an Errors and Omissions plan with similar policy wording regarding structured settlements to the Society of Financial services Professionals plan I described last week. $1,000,000 limits are available for approximately...

Best's Report Shows Most Structured Annuities Issued By Largest Insurers With Long Track Record of Financial Stability

Posted on July 13, 2010
Top 100 US Life/Health Underwriters (currently or formerly writing structured settlements, ranked by admitted assets Source: Best's Review July 2009, from insurer annual statements) 1. Metropolitan Life and affiliated companies $436, 091,585 2. Prudential of America Group $367,245,599 3...

7.75 % Yield AAA Structured Payment Obligor, Young Claimant Can Turn $41,419 into $357,069

Posted on July 13, 2010
In this week's premier secondary structured settlement market case just over $41,000 can purchase payment rights to a stream of increasing income payments: Backed by an annuity from New York Life Insurance Company, rated A++ AM Best, AAA S&P, AAA...

Yanisse Adrian v Mesirow Structured Settlements, LLC-VIDEO Podcast

Posted on July 13, 2010
In this Legal Broadcast Network video, structured settlement and settlement planning experts John Darer and Mark Wahlstrom discuss the July 9, 2010 Federal court decision in Puerto Rico styled Yanisse Adrian v Mesirow Structured Settlements, LLC which underscores why every...

Return of PremiumTerm Insurance

Posted on July 13, 2010
Return of Premium term insurance is a life insurance solution for those who want to pay a low level premium and would like something extra to help pay off the mortgage at the end of the term. Essentially the policy...

A Federal Case For Plaintiff Representation in Structured Settlements

Posted on July 12, 2010
There were no "besos" for plaintiff Yanisse Adrian, from United States District Court judge Francisco Besosa as he granted the defendants' summary judgment motion an dismissed her case against Mesirow Structured Settlements, LLC, et al. The result of the case,...

Can The Terms of Your Structured Settlement Change If You Sell Part?

Posted on July 12, 2010
I am responding to the aforementioned question posed on Ask.Com this afternoon. The answer is Yes and No. While the terms of your original structured settlement cannot change, Private Letter Ruling 200918001 issued to Symetra Assigned Benefits Service Company (SABCO)...

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