Blog Post

Perils of Recycled Structured Settlements

John Darer • Feb 11, 2019

Structured Settlement Industry Panel to Include 4structures.com LLC President

Perils of Recycled Structured Settlements

4structures.com LLC President John Darer will participate in a panel on "The Perils of Recycled Structured Settlements Panel" at the annual meeting of the National Structured Settlements Trade Association to take place in Charleston, South Carolina in April 2019. In addition to his practice John Darer has devoted hundreds of hours of pro bono time as the Structured Settlement Watchdog for 14 years and has written extensively about the topic. of Recycled Structured Settlements . John will be joined on the panel by two lawyers who between them and their respective firms have represented annuity issuers and been involved in the majority of structured settlement secondary market litigation, Stephen R. Harris, Esq, a partner at the Philadelphia law firm of Cozen & O'Connor who published on the topic in the ABA Journal in December 2018 and Peter Vodola, Esq., a partner in Reardon Scanlon LLP in West Hartford CT. Susan Clark of Sage Consulting will moderate.

The topic is an important one for structured settlement brokers, settlement planners and their attorney and injury victim clients. Many of the latter have explored the use of structured settlement derivatives as a supplement to or even as a direct alternative to structured settlements. Some have implemented the derivatives as part of settlement plans for injury victims possibly without a clear explanation of the risks involved. It is critical to understand the transactional risks and the potential professional exposure to those recommending them.

In March 2017, John Darer and Eddie Stone, a Greenwich CT lawyer who has brought several lawsuits against settlement purchasers, addressed the Society of Settlement Planners about secondary market conduct "Bad Practices in the Secondary Market; Who Gets Hurt? at the SSP Annual Meeting at the Vdara Hotel Las Vegas, Nevada.

risk adjusted capital ratio and structured settlements

What is Risk Adjusted Capital Ratio (RACR)?

By John Darer • 07 May, 2024
What is Risk Adjusted Capital Ratio (RACR) What does RACR Ratio mean forr your structured settlement annuity company, or one that you are considering. How does RACR compare with RBC Ratio?
Risk Based Capital

What is Risk Based Capital?

By John Darer • 06 May, 2024
What is Risk Based Capital? What Does the RBC Ratio Mean for Your Structured Settlement Annuity Company?
certified financial transitionist

What is A Certified Financial Transitionist? (CeFT)

By John Darer • 25 Apr, 2024
A Certified Financial Transitionist is trained and certified to help clients navigate through major life events and the financial transitions that accompany them. Especially useful for personal injury victims and wrongful death survivors to help prepare for the important decisions they will need to make.
Sequencing Risk for Those Receiving Legal Settlements

What is Sequencing Risk? Can Structured Settlements Help?

By John Darer • 22 Apr, 2024
John Darer reviews sequencing risk and the impact of early spending after settlement. Sequencing and Decumulation risk is a factor for recipients of legal settlements and should be addressed in advance of settlement as aprt of settlement planning and wealth orientation.
structured settlement rate lock ins

What is a Structured Settlement Lock-in?

By John Darer • 21 Apr, 2024
A structured settlement lock-in means that the structured settlement annuity issuer will guarantee the cost of a specific benefit stream in exchange for the "quid pro quo" of a commitment to accept or purchase. The guarantee could be a week , or 6 months.
market based structured settlements for lawyers, law firms or plaintiffs

Market Based Structured Settlements | How They Work

By John Darer • 14 Apr, 2024
An introduction to Market Based Structured Settements for Plaintiffs, Lawyers and Law Firms and Settling Parties
new york structured settlements, new york city structured settlements, nyc structured settlement cos

New York City Structured Settlement Annuities 2024

By John Darer • 16 Mar, 2024
Which life insurance companies write structured settlement annuities for personal injury and wrrongful death settlements in Bronx, Brooklyn, Staten Island, Queens, Manhattan, Long Island, Westchester, Erie, Rockland, Albany,Monroe in 2024 through licensed representatives?
flying inverted

NY CPLR 50A/50B | Rising Yields 2022-2024 Squeezed 15 Year Plaintiff Advantage

By John Darer • 16 Mar, 2024
While rising yields have narrowed the gap for defendants in New York CPLR 50A and 50B projections, plaintiffs can still " fly inverted" and get plenty of "lift" when negotiating settlements by using savvy settlement experts
construction defect structured settlements

Construction Defect Structured Settlements

By John Darer • 12 Mar, 2024
Structured settlements can be used where construction defects lead to personal physical injury, physical sickness, or loss of life. In addition, structured settlements may be helpful to plaintiffs who wish to spread out basis, smooth out capital gains or income
structured settlement beneficiary

Structured Settlement Beneficiary Death Claim | What You Need to Know 2024

By John Darer • 08 Mar, 2024
Structured settlement beneficiary death claim. An executor cannot change the beneficiary of a structured settlement annuity. Typically, settlement agreements permit the Payee to name or change a beneficiary, provided such change is in writing and submitted to the Assigmment Company or the annuity issuer in writing and in proper form. An executor is a court appointed representative of the decedent, or in this case, deceased structured settlement annuitant. The insurance beneficiary designation is a contract between the decedent and the insurance company that was entered into prior to the decedent's death.
More Posts
Share by: