Blog

2021 The Year In Review

Among his many memorable quotes, Winston Churchill is credited with being the first to say “never let a good crisis go to waste.” Judging solely by reported structured settlement premium production, most structured settlement professionals and companies appear to have ignored Mr. Churchill’s advice for the second consecutive year. As the COVID pandemic continues to...

 
 

Do you have questions about how reinsurance works in general, or specifically the reinsurance agreement between Hannover Re US and Independent Life? You have come to the right place! Settlement Nation co-hosts, Chris Bua and Courtney Barber interview Independent Life’s CEO Jimmy Atkins, where Jimmy dives into all of this and more. Check out the entire interview or skip to a...

CMS WCMSA Reference Guide Version 3.3

When the Centers for Medicare and Medicaid Services (CMS) published the most recent Version 3.3 of its Workers Compensation Medicare Set-Aside Arrangement (WCMSA) Reference Guide on April 19, 2021, no one within the structured settlement or settlement planning marketplaces appears to have noticed a development that could impact structured settlements annuities. Enacted in 1980, the Medicare Secondary Payer (MSP)...

Book Review: Investing is Your Superpower

“We can’t become what we need to by remaining what we are.” – Oprah Winfrey In her new book titled “Investing is Your Superpower,” written primarily for the types of female professionals who have organized the National Structured Settlement Trade Association’s Women’s Caucus and the American Association of Settlement Consultants’ Alliance for Women, Shinobu Hindert prefaces her concluding chapter...

Settlement Nation Episode 19: Inside 30 Years as a Civil Rights Lawyer

In this episode of Settlement Nation I chat with James DeSimone,  the founder of V. James DeSimone Law. James is one of the most highly regarded employment lawyers and civil rights advocates in Los Angeles, successfully achieving multi-million dollar settlements and verdicts on behalf of his clients. James was voted California Civil Rights Lawyer of the Year 2014,...

Settlement Nation Episode 18: Billion Dollar Trials – Aimee Wagstaff

In this episode of Settlement Nation we chat with Aimee Wagstaff, the founding partner of Andrus Wagstaff. Aimee has dedicated her professional life fighting against pharmaceutical and medical device companies. The vast majority of her litigation is done through national mass tort consolidations and she has been appointed by federal and state court Judges across the country to...

Misconceptions Attorneys Have About Structured Settlements

Thank you for your interest in our e-book. Our goal is to help dispel any misconceptions attorneys may have about structured settlements, their benefits to plaintiffs, and their long-term value to attorneys themselves. Attorneys may think of structured settlements as an outdated or unfamiliar settlement technique and most plaintiffs’ frame of reference for structured settlements...

3 Tips for Preparing a Mediation involving Structured Settlements

From a structured settlement perspective, whenever a plaintiff attorney is preparing for a mediation involving various tort and non-tort case, the attorney should address the following questions:  Have I advised my client about structured settlements and provided my client with adequate resources to allow my client to express an informed opinion of their possible interest? Regardless of whether my...

What Do Smart Phones Have in Common with Structured Settlements?

If a future business historian were to make an analogy between the personal injury settlement planning market in 2030 and the smart phone market in 2020, which product will structured settlement annuities resemble more – the BlackBerry or the iPhone? When Chinese electronics company TCL Communication announced this week that it would stop selling BlackBerry-branded phones in August, most analysts...

Structured Settlements and Periodic Payment Judgement Book Release 66

Since it was first published in 1986, “Structured Settlements and Periodic Payment Judgments” (S2P2J), has provided structured settlement stakeholders with an authoritative reference guide, consisting of 16 chapters with extensive footnotes and Appendix documents, to help them understand issues and fashion settlements and judgments utilizing periodic payments. Both the National Structured Settlement Trade Association (NSSTA) and the Society of...

Why the Market Needed a New Non-Qualified Structured Settlement Plan

Structured settlements are typically associated with physical injury, sickness, wrongful death or workers’ compensation claims. In these cases, the tax code allows the claimant to receive income tax free compensation for their injuries, spread over time, from a trusted life insurance company via a §130(c) qualified assignment but what, if any, options are available for non-injury cases? Enter non-qualified...

What are ABLE Accounts?

  ABLE accounts, similar to special needs trusts and pooled trusts, allow qualifying persons with disabilities, including personal injury victims, to save money without jeopardizing their eligibility for means-tested public benefits.  Means-tested public benefit programs generally impose income and resource limitations. For example, to qualify and remain eligible for Social Security Income (SSI) and Medicaid,...

CMS WCMSA Reference Guide Version 2-9

Workers’ Compensation Medicare Set-Aside Arrangements (WCMSAs) have become an important submarket for structured settlement annuities. Arguably, the primary reason has been a significant cost advantage CMS has provided for structured settlement annuities (perhaps unintentionally) compared with lump sums. The basis for the cost advantage CMS has provided to structured settlement annuities results from the methodology by which CMS requires WCMSA...