Introduction Structured settlements were created to protect vulnerable personal injury claimants by ensuring long-term, tax-free financial stability. Yet today, those same settlements are increasingly targeted by an aggressive and evolving secondary market. In 2024 alone, the structured settlement industry sold a record $9.5 billion in annuities, underscoring the growing size and significance of this market—and...
Introduction In today’s climate of economic turbulence—characterized by inflation, geopolitical uncertainty, and volatility in both fixed income and equity markets —injured plaintiffs and their attorneys face immense pressure when deciding between cash only settlements and structured settlements. Recent headlines have amplified these anxieties: abrupt trade policies, inflation risks facing the Fed, and global instability have...
Introduction Historically rare, punitive damages are intended to punish egregious misconduct and deter future wrongdoing. Recently, however, jury verdicts—including both compensatory and punitive damages—have garnered significant public attention, indicating a possible shift in jury attitudes and expectations. Although punitive damages traditionally appear in only 2–5% of civil jury trials, recent verdicts suggest juries increasingly seek...
AI’s Future and AI Issues SERIES INTRODUCTION ARTICLE INTRODUCTION To supplement the dialogue with ChatGPT Version 4.0 in this article, the writer recommends two additional resources: An article titled “Decoding Intentions: Artificial Intelligence and Costly Signals,” co-authored by Helen Toner in October 2023 when Toner was still a member of OpenAI’s Board of Directors. In...
AI Legal and Regulatory Developments SERIES INTRODUCTION ARTICLE INTRODUCTION As highlighted in prior articles within this discussion series, one of the important limitations of ChatGPT Version 4.0 is time specific. ChatGPT’s most recent general update (as of December 2023) occurred in April 2023. Two of the most recent and comprehensive AI legislative developments have been:...
AI Discussion with Chat GPT – Part 5 AI Tools SERIES INTRODUCTION ARTICLE INTRODUCTION As highlighted in prior articles within this discussion series, one of the important limitations of ChatGPT Version 4.0 is time specific. ChatGPT’s most recent general update (as of December 2023) occurred in April 2023. New AI tools are, and will continue...
OpenAI and ChatGPT SERIES INTRODUCTION ARTICLE INTRODUCTION As highlighted in prior articles within this AI series, one of the important limitations of ChatGPT Version 4.0 is time specific. ChatGPT’s most recent general update (as of December 2023) occurred in April 2023. Some of the most important AI developments that have occurred since April 2023 directly...
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