Personal Injury & Torts
Nov. 15, 2014
Storm clouds are looming over structured settlements
A new survey highlights structured settlements' benefits. But Executive Life litigation may soon become the industry's nightmare scenario. By H. Dennis Beaver
The past decade has been a living nightmare for the structured settlement industry. Since 2002, annual annuity premium has fallen almost 40 percent in real terms and more than a dozen life companies fled the market, seemingly due to shrinking profit margins. Today, fewer than 10 life companies remain, and given the enormous value in these products, it is a real pity.
To encourage the legal profession taking a new look at these insur...
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