Litigation

"Society of Settlement Professionals" All Points Bulletin

Posted on August 04, 2009
Both a well respected settlement professional and an Arizona based special needs expert advertise that they are members of the "Society of Settlement Professionals". There does not appear to be any such society, unless there is such a thing as...

NY and PA Insurance Commissioners Refute NY Times on "New AIG Weakness"

Posted on August 04, 2009
Kermitt Brooks and Joel Ario, respectively the Acting New York Superintendent of Insurance and Pennsylvania Insurance Commissioner and, respectively, the Chair and Vice Chair of the NAIC AIG Managing Task Force, have acted swiftly to refute a July 30, 2009...

"Innovative Settlement Planner" Bill Tilley Rocks In The "Tweet Tops" All Day Long, Yet His Noggin' in Bloggin' It's All So Wrong

Posted on August 03, 2009
"Innovative Settlement Planner" Bill Tilley's Settlement Planning blog asks "What Are the Rates of A Structured Settlement?" Tilley says that "the value of a planned settlement is decided by two main factors ? rated age and the rate of the...

AIG...Nice to "Met" ya!

Posted on August 03, 2009
Various news reports say that American International Group Inc. (AIG) has chosen former MetLife chief Robert Benmosche as its new CEO to succeed Edward Liddy, who is stepping down.

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"Our tax system is already inadequate to support the promises our government has made" Former Treasury Official

Posted on August 03, 2009
The above haunting words of Eugene Steuerle, a former Treasury Department official in the Reagan administration underscore why taxes are bound to increase and not just on the rich. An AP report states that the recession is starving the government...

More "Irrelevant Statistics" for "The Dissipation Myth" Bab-oons

Posted on August 02, 2009
The "irrelevant stats" just keep rolling in for "Dissipation Myth" Bab-oon palooza... In Dumb and Dumber, which appears in today's Finance and Markets Newsletter, Villlanova Associate Professor Robert LeClair, principal in Leimberg & LeClair, Inc. discusses how "many people had...

The "Repression" Scoreboard

Posted on August 01, 2009
5 more banks were shut down Friday July 31, 2009 Just an observation... As of August 1, 2009 Number of Bank Failures in 2009 69 Number of Structured Annuity Issuers Who Have Failed in 2009 Zero Number of Bank Failures...

Phishers "Hooked"!

Posted on August 01, 2009
This author is pleased to say that the owners of structuredsettlementusa.com have had their site suspended. Download Http___www.structuredsettlementusa 812009. No sooner had the "thieves" been nabbed with 4structures.com content this author discovered that Preferred Settlements USA and Steve Dodge got...

New York Children Can NOW Stay on Parents Health Insurance Plan Until Age 30

Posted on July 31, 2009
Health insurance availability to children of New Yorkers has improved as the result of a new bill signed into law on July 29, 2009. The new law requires insurers to let parents keep their children on their medical plan-at their...

Peachtree Structured Settlement Mailbox Ad Presents Unrealistic and Exaggerated Portrayal to Bait Its "Prey"

Posted on July 31, 2009
Peachtree Settlement Funding's advertising solicitation "structured settlement mailbox" is an outrage. Peachtree Settlement's "cash now" solicitation contains an unrealistic and exaggerated portrayal of an upright twenty something man who progressively ages into a cripple, in what appears to be a...

Despite The Ubiquitous Promises of Cash Now, The "Financial Crack Dealers" Get Off Easy When They Can't Do The Deal

Posted on July 31, 2009
"Nosentzen Bentzen's" bellicose expulsion of yesterday exposes yet again the serious need for federal or state regulation of the factoring companies. The "walk away" clause that appears in these structured settlement transfer agreements ostensibly permits the factoring company to promise...

Critque of Advice from Genex Capital "Procto-logist"-2

Posted on July 31, 2009
On June 28, 2009 Roger Proctor, "affectionately" dubbed the "Genex Capital Procto-logist", offers the following financial advice to structured settlement recipients: "You may have heard in the media in recent weeks that interest rates have bottomed and are slowly creeping...

Qualified Settlement Fund Article by Robert Wood

Posted on July 31, 2009
Robert Wood, a tax attorney based in San Francisco, CA has written an interesting article on Qualified Settlement Funds that appeared in the Los Angeles Daily Journal on July 23, 2009. Wood believes the time has come for the QSF....

The Hartford Q2 2009 Financial Results

Posted on July 31, 2009
The Hartford reported a second quarter 2009 net loss of $15 million compared with second quarter 2008 net income of $543 million. Second quarter 2009 results benefited from a deferred acquisition cost (DAC) unlock gain of $358 million, after tax,...

Structured Settlement Lock-Ins... What Does a Structured Settlement Lock-In Mean in Terms of Benefit? Responsibility? Commitment?

Posted on July 31, 2009
Structured settlement lock-ins offer valuable benefits to plaintiffs, defendants, their respective attorneys and insurers. They enable settling parties to fix benefits that are being submitted for Court approval, where the court approval process make take months and where the Court...

Rhonda Bentzen Makes No Sense

Posted on July 30, 2009
With respect to the CT Woman saga Rhonda Bentzen today presents the following as facts: "Fact: the structured settlement broker did an outstanding job providing plenty of upfront money as well as a beautifully put together structure". "Fact: the annuitant...

Structuredsettlementusa.com GET OUT OF "DODGE"!

Posted on July 30, 2009
Poor Steve Dodge appears to be the latest victim of the website phishing going on with domain name structuredsettlementusa.com Here's my pal Steve on the legitimate website http://www.preferredsettlementsusa.com/contact.html Here's my pal Steve on the phishing site http://www...

Scraper Site Structset.Netii.net Tossed by Web Host Thanks to Settlement Industry Bloggers

Posted on July 29, 2009
Another made for Google Adsense website was essentially scraping the headlines of posts from Structured Settlements 4Real and Settlement Channel to pull in visitors who would be theoretically stunned by the lack of content click on the Google ads in....

Little Meyers... "NO RELATIONSHIP With Baird"

Posted on July 29, 2009
On July 9, 2009 we first reported of a matter in which a structured settlement quote bearing the name of Little Meyers and Associates and one of its principals Karen D. Meyers was presented to a plaintiff attorney for an...

Factoring Company Servicing of Structured Settlements MAY NOT Get You Payments on Time

Posted on July 28, 2009
The Connecticut Woman's torment and sequelae continues. Background Less than a year ago an NSSTA member acting as financial adviser to the Connecticut woman placed her into a very large American General structured annuity. As far as this author can...

How To Make Comments On This Blog. It's Easy!

Posted on July 28, 2009
Making comments about any of the posts on Structured Settlements 4Real is very easy. Simply scroll down to the end of the post. You will notice a time stamp, a bunch of key words and at the very end the...

Structuredsettlementusa.com Owner's Are Thieves!

Posted on July 28, 2009
The owners of structuredsettlementusa.com have just completely pirated the public area content of 4structures.com, LLC website and claimed their own copyright in the material which includes the bio of this author, 6 registered trademarks of 4structures...

"Memories... Seemed Like Yesterday"

Posted on July 27, 2009
I have to hand it to The Mangelsdorf Companies, a member company of the IFS Corp for leaving me pining for the "Old Days". You see if on July 26, 2009 I was seeking the answer to "What is the...

Dissipation Myth Bab-oonery Showcased by S2KM Blog

Posted on July 27, 2009
What do we do now that "the bab-oon" is out of the bag? "Babs" appears on Hedwig's blog today stating that there has been a mischarcterization of the intent of his article. This follows an "intellectual discussion" with this author...

Shouldn't NSSTA Collect "Sub-Broker"Dues From Member Companies with National Pipelining Arrangements?

Posted on July 27, 2009
A number of structured settlement master general agencies who are member companies have national and/or regional sub-brokering arrangements with wire houses in which such wire houses representatives are directly, or indirectly given access to structured settlement quotes produced on software...

If Structured Settlement Agency A Supplies Annuity Quote to B Who Supplies Quote To C, Who Works For D, Who Supplies To E, the attorney for end user F. Who is Responsible to Plaintiff F in this "Who's Who"?

Posted on July 26, 2009
An open question for comment from the structured settlement industry, including its appointed general agencies, appointed agencies, structured annuity issuing life companies, insurance regulators and legal commentators. Assume XYZ= an admitted Insurance Company that issues structured settlement annuities A= the...

Enter The Dissipation Myth "Baboons"!

Posted on July 24, 2009
Now that NYU law student Jeremy Babener has submitted the "final" version of his paper (attacking a statistic that he opines is the flawed basis for the structured settlement tax subsidy) for publcation, expect the dissipation myth "Bab-oons" to howl...

Structured Settlement Website Alexa Traffic Rank July 2009

Posted on July 24, 2009
Three Month Trailing Top 10 Traffic Rank (Alexa Rank as of 07/24/2009) of Structured Settlement and Settlement Planning Industry websites* (+ or- traffic from 06/24/2009 report). Lower number means more traffic (e.g. Google.com is ranked 1 in the overall scheme)...

Bye Bye Factoring " Butt Heads"

Posted on July 23, 2009
RAM Fundng, the cash now pushers whose apparent finanicial illiteracy about structured settlements in its published "structured settlement faq" inspired some of our most entertaining posts, is apparently kaput. The sound of the "small violins" is deafening! For old times...

"The Dissipation Mistletoe" Matt Bracy And Laura Koenig...Ne'er The "Twain" Shall Meet

Posted on July 21, 2009
The viral discourse over a law student's draft paper continues. Talk about "wasteful dissipation" of irreplaceable time. Today Matt Bracy offers his perspective on Jeremy Babener's revelation that essentially the "90% dissipation in 5 years" is "a crock of shit"...

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