Perhaps it is not surprising, for a business that results from personal injury claims and lawsuits, that sometimes participants in the structured settlement market should themselves become defendants in class action lawsuits. For example, in October 2018, the parties to the Griffiths v. Aviva class action lawsuit settled concluding a dispute involving more than 4000...
Independent Insurance Group (IIG), an innovative insurer whose mission is to improve the lives of victims of serious injury and those who serve them, announced today that George Luecke has been hired as President & Chief Strategy Officer. His duties will include setting IIG’s strategic direction as well as overseeing initiatives to enhance IIG’s market presence and...
Historically, most investors who purchase structured settlement payment rights from factoring companies are sophisticated investors, wealthy individuals or financial institutions. Ironically, some of these investors are life insurance companies who also sell structured settlement annuities. Typically, these investors are taxed on the income generated by these investments even when the claimant who originally owned the...
The number of exonerations for wrongfully incarcerated individuals has increased for the third year in a row, according to The National Registry of Exonerations, with an average of over three exonerations per week across the United States. Experts attribute this leap to a growing trend of accountability in prosecutorial offices around the country. How might this influx...
This episode of Settlement Nation we chat with with Megan Hottman, a powerhouse health and wellness advocate, cycling enthusiast, podcast host, and attorney out of Golden, Colorado. Megan shares her insights on running a successful practice while maintaining balance. We cover how she became “The Cyclist Lawyer“, tips to increase your personal energy levels and presentation in and out...
Although the personal injury settlement planning profession now offers plaintiff attorneys, and its own members, an increasing variety of educational resources, few guides to regulatory compliance currently exist – and those that do tend to be specialized. Robert Wood has authored definitive legal textbooks about “Taxation of Damage Awards and Settlement Payments” as well as “Qualified...
Catastrophic Injury A mother and her five-year-old son were in a car accident in 2018 and both suffered extensive injuries. The mother sustained multiple broken bones, including several ribs. The child was in critical condition with injuries that required him to be placed into a medically-induced coma. Ultimately the five-year-old needed multiple surgeries to correct...
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Any discussion of taxes herein is for general informational purposes only and does not purport to be complete or cover every situation. Independent Life, its affiliates, its distributors, and its and their respective representatives do not provide tax, accounting, or legal advice. You should confer with your qualified legal, tax and accounting advisors based on your particular circumstances. All guarantees are obligations of Independent Life Insurance Company.
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