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Let’s Talk About: Mass Torts and Structured Settlements
Industry NewsJanuary 29, 2021by Patrick Hindert

Let’s Talk About: Mass Torts and Structured Settlements

Upon reviewing the agenda for the Society of Settlement Planners (SSP) 2021 Annual Conference there is one session that falls outside the normal industry curriculum: Ryan Garrison’s Breakout Session titled “Demystifying the Mass Tort Market: an Attorney’s Perspective of Planner Value.” Although both SSP and the National Structured Settlement Trade Association (NSSTA) may have previously addressed mass tort tangentially, the mass tort topic...

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Independent Insurance Group LLC acquires Sterling National Life
Industry NewsStructured SettlementsJanuary 26, 2021by Patrick Hindert

Independent Insurance Group LLC acquires Sterling National Life

JACKSONVILLE, Fla., Jan. 25, 2021 /PRNewswire/ — Independent Insurance Group LLC (“Independent Group”) today announced that it has entered into a definitive agreement to acquire Sterling National Life Insurance Company (“Sterling National”) from SILAC Insurance Company (“SILAC”). Independent Life Insurance Company (“Independent Life”), Independent Group’s life and annuity subsidiary, is focused on the primary issuance of structured settlement...

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Let’s Talk About: Suitability and Settlement Planning
Structured SettlementsIndustry NewsJanuary 25, 2021by Patrick Hindert

Let’s Talk About: Suitability and Settlement Planning

The Society of Settlement Planners (SSP) will host its virtual 2021 Annual Conference for February 23-25 and has already announced the session topics and most of the speakers. One session which should provoke considerable discussion is titled “Suitability and Settlement Planning.” It appears to reference language in SSP’s Practice Standard #9 within the Settlement Planning Practice Standards (Practice Standards)...

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New Blog Series: Let’s Talk About…
Company NewsStructured SettlementsJanuary 19, 2021by Patrick Hindert

New Blog Series: Let’s Talk About…

Let’s Talk About Conference season, albeit virtual, has officially kicked off with both the Society of Settlement Planners (SSP) and the National Structured Settlement Trade Association (NSSTA) announcing dates for their virtual 2021 Annual Conferences: February 23-25 for SSP and May 4-7 for NSSTA. SSP has already launched their conference website highlighting their agenda topics and speakers with a healthy mix of anticipated...

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Society of Actuaries Structured Settlement Mortality Studies
Structured SettlementsJanuary 11, 2021by Patrick Hindert

Society of Actuaries Structured Settlement Mortality Studies

Every structured settlement professional is familiar with the term “substandard age rating” as well as the important role more generally of “mortality risk” as one rationale for selecting a structured settlement. Not all structured settlement professionals, however, are aware that the Society of Actuaries (SOA) has sponsored and published six intercompany studies of mortality experience related to...

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Independent Life Insurance Company Announces Reinsurance Agreement
Company NewsJanuary 4, 2021by Patrick Hindert

Independent Life Insurance Company Announces Reinsurance Agreement

DALLAS, Jan. 4, 2021 /PRNewswire/ — Independent Life Insurance Company (“Independent Life”) announced today it has entered into a reinsurance agreement with Hannover Life Reassurance Company of America (“Hannover Re US”), rated A+ by A.M. Best. In accordance with this agreement, effective October 1, 2020 Hannover Re US will reinsure a percentage of Independent Life’s in-force business and new business....

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