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Disability Law

: Beyond Structured Settlements

Structured Settlement Credo - 4

By Patrick Hindert

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Continuing S2KM commentary about structured settlement credo.

What impact, if any, will President Obama's national call for change and his repudiation of ideological certainties have upon the traditional (claim management) structured settlement industry?

As new structured settlement leaders emerge and attempt to improve and grow the industry, when and where will these leaders question and discuss the industry's traditional ideological and moral certainties?

In prior blog posts, S2KM identified the following structured settlement credo:

  • The structured settlement world consists of Good People and Bad People.
  • Traditional structured settlement professionals are Good People.
  • Structured settlements are good for injury victims.
  • Without structured settlements, injury victims "squander" their settlements.

Additional structured settlement credo:

  • Structured settlements are a "win-win" proposition - everyone benefits.
  • The structured settlement industry represents and protects all viewpoints and interests on legislative and regulatory issues.
  • Structured settlement professionals are advocates for injury victims and disabled persons.
  • Structured settlements enable injury victims to live free of reliance on government assistance.
  • Structured Settlements reduce claim costs for defendants and their insurers.
  • "Cash outs", whenever they occur, are bad for injury victims.
  • People who promote or participate in "cash outs" are Bad People.

Subsequent S2KM blog posts will address:

  • How the structured settlement industry enforces its credo;
  • Challenges for traditional structured structured credo.

Full post as published by Beyond Structured Settlements on January 21, 2009 (boomark / email).

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