Litigation

SOA What? Almost 50% between 45-70 Ill-Prepared For Lifetime Income and Healthcare Needs

Posted on January 11, 2011
Almost 50% of Americans between the ages 45-70 have no financial plans in place to protect themselves against outliving their assets and the rising cost of healthcare should they live longer than... This is a content summary only. Please click on the title for the full content, If you find yourself on FAEMM community, back out and type in www...

Dumbest Things Said About Structured Setlements-7 Solid Funding

Posted on January 10, 2011
Add financial writer Fairlane Raymundo to the "experts" who have failed to pick up on Bronx Judge Norma Ruiz' mischaracterization of the discount rate in last year's Feliciano decision, in which she... This is a content summary only. Please click on the title for the full content, If you find yourself on FAEMM community, back out and type in www...

Dumbest Things Said About Structured Settlements-7 Solid Funding

Posted on January 10, 2011
Add financial writer Fairlane Raymundo to the "experts" who have failed to pick up on Bronx Judge Norma Ruiz' mischaracterization of the discount rate in last year's Feliciano decision, in which she... This is a content summary only. Please click on the title for the full content, If you find yourself on FAEMM community, back out and type in www...

Illinois Lawmakers Discussing 75% IncomeTax Increase

Posted on January 09, 2011
Illinois lawmakers are set to vote on a 75% income tax increase according to a January 6, 2010 CBS Chicago news report. Without annuitants doing a thing, tax increases improve the intrinsic value of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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Paper Weighs Lifetime Costs and Benefits of Social Security and Medicare

Posted on January 09, 2011
Ever wonder what you can expect to receive from Social Security and Medicare after all those taxes that you and your employers' pay? A white paper on the subject by C. Eugene Steurle and Stephanie... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Is a Structured Settlement Payment Right An Annuity?

Posted on January 06, 2011
Here's something for insurance regulators in Texas to chew on. The solicitation from Dallas based US Annuity Exchange ("usANNUITYex") states "As part of a well-balanced diversified portfolio, you... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Minnetonka Minnesota Structured Settlements and Stunning Credential Puffery

Posted on January 03, 2011
Delta Settlements' Thomas Dunlap, of Minnetonka Minnesota, continues to maintain a flabbergasting level of credential puffery when comes to the Certified Structured Settlement Consultant designation.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Former NSSTA President Now With Strategic Capital

Posted on January 03, 2011
Terry Taylor, who was President of the National Structured Settlements Trade Association during a period when virulent factoring industry advertising was on the rise is now with factoring company... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Kingston New York Lawyer Blasts Structured Settlement Annuities

Posted on January 02, 2011
Kingston New York trial lawyer John H. Fisher has a "hard on" about structured settlement annuities. Fisher, who joined the law firm of Mainetti, Mainetti & O'Connor, P.C. in July 2010 as an... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Tulsa Mouthpiece Est es Guffaw-ver

Posted on December 31, 2010
Tulsa Lawyer Dick Risk, who took credit for "his class action lawsuit" taking down Hartford Life Insurance Company's structured settlement annuity program, publishes an annuity chart that inclludes... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Cherry Picking on The Structured Settlement Liquidity Spectrum

Posted on December 31, 2010
If you need cash now, beware of those picking your cherry. Some factoring companies will not give you the best offer up front. These companies grab opportunities from those who do not shop around.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Structured Settlement Information Websites: Leaders by Traffic January 2011

Posted on December 30, 2010
With an incredible volume of structured settlement information on the internet it's not always easy to find information from companies that can actually place you in structured settlements. For 45... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Dumbest Things Said About Structured Settlements 6: Woodbridge Structured Funding LLC

Posted on December 26, 2010
Woodbridge Structured Funding, LLC (nee Woodbridge Investments) apparently has a different type of clientele than J.G. Wentworth. Woodbridge says it has 17 years of experience and has "examined the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

MassMutual Structured Settlement Annuities: Yahoo Finance, Hoovers, Aomid All Get It Wrong

Posted on December 25, 2010
If only it were true that MassMutual issued structured settlement annuities today. The industry would have another solid A.M. Best rated A+ rated company. Unfortunately the would be Christmas Eve... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Settlement Industry Historian' Facts Questioned: Play The Poop Game Xmas Day!

Posted on December 25, 2010
While the settlement industry may be grateful to Patrick Hindert's calls for change his track record on historical accuracy is again called into question. In his attacks on the National Structured... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Illinois Appellate Court Ruling and The Ghost of "Kickbacks" Past

Posted on December 24, 2010
An interesting case continues to percolate in Illinois Courts involving contingent commissions paid by smaller and mid-sized insurance brokers. Chicago Business reports on the Illinois Appellate... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Are Qualified Settlement Funds Covered By The FDIC?

Posted on December 23, 2010
Someone asked Bing yesterday if qualified settlement funds or "qualified settlement trusts" are covered by the FDIC*? It's a great question when one looks at overall usage of qualified settlement... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Veiled Threats From Cash Now Pusher Don't Intimidate Structured Settlement Watchdog

Posted on December 22, 2010
A member of the factoring industry who shall remain nameless for now stated to me in a telephone conversation today that he just wants to have a chance to compete for business and is willing to buy... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Cashing Out US Government Owned Structured Settlement Annuity Fails... AGAIN

Posted on December 22, 2010
Yet another attempt to cash out a structured settlement entered into with the United States government has failed. In the Consent Judgment by the United States District Court for the Eastern District... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

AIG ratings affirmed by A.M. Best at "A" (Excellent)

Posted on December 21, 2010
A.M. Best Co. has affirmed the financial strength ratings and issuer credit ratings of the property/casualty and life/health subsidiaries of American International Group, Inc. ("AIG") on December 20,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

How Long Does a Structured Settlement Have to Be Active Before You Can Withdraw Monies?

Posted on December 21, 2010
The question, which appeared on Yahoo this morning, suggests that an annuitant has a newly minted "wet ink" structured settlement who is looking for cash. One important lesson to learned however, is... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Spencer v Hartford Settlement Distribution Calculations: Risk Law Firm Statement

Posted on December 18, 2010
Now that the Spencer v Hartford settlement has been finalized and distribution checks have been mailed perhaps the scaremongers "firing guns into the sky" from the left wing of the settlement... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Dick Risk Takes Credit For Hartford Life Withdrawal From Structured Settlement Market

Posted on December 18, 2010
Tulsa Lawyer Dick Risk, a former disgruntled structured settlement producer who decided to take matters into his own hands, got a law degree and then started on a long journey that resulted in a... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

160 Year Old is "New Kid on The Block" For New York Structured Settlements

Posted on December 17, 2010
American General is putting a "senior" to work. United States Life Insurance Company in the City of New York (U.S. Life or USL) , a 160 year old life insurance company, founded in 1850, is the latest... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

New York City Structured Settlement Annuity Companies

Posted on December 17, 2010
Which life insurance companies write structured settlement annuities in Bronx, Brooklyn, Queens, Staten Island and Manhattan, as well the Greater New York City Metropolitan area, including Nassau,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Prudential Ups Qualified Assignment Fee For Structured Settlements

Posted on December 16, 2010
Prudential announced that it effective December 21, 2010 it will triple the fee it charges for accepting qualified assignments through its subsidiary Prudential Assigned Settlement Services... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Dumbest Things Said About Structured Settlements-5

Posted on December 16, 2010
"When the structured settlement annuity is purchased on behalf of the plaintiff, it must be purchased by the defendant. The defendant then assigns the obligation to the assignment company, which in... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Factoring "Robin Hoods" Make It From The Poor And Give It To The Poor

Posted on December 15, 2010
Bulletin from "Snottingham Forest": Press releases containing highlights of purported largesse by high discounting structured factoring companies and pictures of their founders at glamorous cocktail... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Guaranty Fund Advertising: Readers of NSSTA's Latest Blog Must Exercise Caution

Posted on December 15, 2010
The National Structured Settlement Trade Association states that "as a nonprofit organization that does not sell insurance products in New York or any other state, the NSSTA is allowed to inform the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Factoring Company Competition is Good for The Consumer

Posted on December 14, 2010
Andrew Carnegie once said "And while the law of competition may be sometimes hard for the individual, it is best for the race, because it ensures the survival of the fittest in every department". The... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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