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...
On March 14, 2023, the New York State Court of Appeals heard oral arguments in the matter of Cordero v. Transamerica (Cordero Case) – a significant case for structured settlements because it challenges important assumptions about contractual rights and duties among settlement recipients, assignment companies and annuity providers. Plaintiff Lujerio Cordero (Cordero) is/was a structured settlement...
Introduction ChatGPT is a chatbot developed by OpenAI and launched in November 2022. You can access a trial version for free. Using ChatGPT’s inquiry process, Independent Life received the unedited answers below to the indicated questions we submitted. *Independent Life does not claim to validate the accuracy, or lack thereof, of ChatGPT’s responses to Independent Life’s questions. Likewise,...
Introduction ChatGPT is a chatbot developed by OpenAI and launched in November 2022. You can access a trial version for free. Continuing a structured settlement discussion with Independent Life, ChatGPT responded to our questions below about Qualified Settlement Funds (QSFs) as well as more general questions about Structured Settlements in this prior Independent Life article. *Independent Life does not...
Premium Success in 2022 Propelled by record fourth quarter production exceeding $2 billion of annuity premium, which surprised many industry participants including this writer, 2022 structured settlement annuity production currently is estimated to have exceeded $6 billion. Congratulations to structured settlement professionals, annuity providers and other industry stakeholders who contributed to this success! As an...
To paraphrase humor columnist Dave Barry, the best thing one can say about the structured settlement market in 2022, it could have been worse. 2022 Structured Settlement Premium Production Total 2022 structured settlement production during the first three calendar quarters was $3.95 billion which exceeded the 2021 total of $3.08 billion for the same period...
Independent Insurance Group, LLC (“Independent Group”) announced today that its life and annuity subsidiary, Independent Life Insurance Company (“Independent Life”), has successfully launched iStructure, the first uncapped index-linked structured settlement annuity. Independent Life has secured almost $50 million in committed sales for the product from both settlement recoveries and installment sales of real estate and businesses....
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