A forthcoming 7-part series of articles about Artificial Intelligence (AI) began as a personal educational exercise with three primary objectives. First, to expand this writer’s general knowledge of AI beyond: 1) AI-related articles in news publications like the New York Times and Wall Street Journal: 2) more in-depth AI coverage and analysis in newsletters such...
First published in 1986, Release 74 for “Structured Settlements and Periodic Payment Judgments” will be made available to subscribers this month by publisher Law Journal Press. Online subscribers will receive their update simultaneously with no additional subscription charge. “Structured Settlements and Periodic Payment Judgments” (herein sometimes referred to as “the book”) consists of 16 chapters...
Introduction This past week, a three-judge panel of U.S. Ninth Circuit Court of Appeals heard oral arguments in a lawsuit seeking class action certification brought by Plaintiff-Appellees Renaldo White and Randolf Nadeau against Defendant-Appellants Symetra Assigned Benefits Service Company (SABSCO) and Symetra Life Insurance Company (Symetra Life) – herein sometimes referred to jointly as “Symetra.”...
Several class action lawsuits, almost always settled without admission of liability, have nonetheless helped shape, and arguably have helped to improve, structured settlement business practices in the United States. Examples include: the Weil lawsuit ; Macomber v. Travelers; Spencer v. Hartford; and Griffiths v. Aviva. On Tuesday October 17, 2023, in Phoenix, a three-judge panel...
Introduction Stephen Harris, who represented defendant Transamerica in the Cordero case, and prominent plaintiff attorney Edward Stone debated the Cordero case during the Society of Settlement Planners (SSP) Annual Conference on March 6, 2023 in Nashville. Their informative and entertaining Nashville presentation occurred prior to more recent decisions by the State of New York Court...
Should structured settlement and settlement planning professionals be required to act, or hold themselves accountable to act, in the “best interest” of a personal injury settlement recipient when making a structured settlement recommendation? And what would, or should, define “best interest” in that context? Best Interest Applied to Secondary Market Transfers “Best interest” is a...
Most members of the structured settlement primary market should be thankful for, if not celebrating, the majority decision in the Cordero v. Transamerica case decided by the State of New York Court of Appeals on April 25, 2023. The decision favoring Transamerica avoided what the National Structured Settlement Trade Association (NSSTA) had argued in its...
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