Nearly 88 percent of claims professionals are familiar with the benefits of structured settlements for personal physical injury clients and 84 percent view them as a prudent recommendation, especially when a minor is involved, according to MetLife’s 2022 Structured Settlements …
A well-connected Virginia financial advisor was sentenced to five years and 10 months in prison for embezzling approximately $8 million from money that the U.S. government and a hospital had entrusted to him to set up annuities for 13 people …
Currently an estimated $5 billion industry, structured settlements were once considered too risky because tax implications for insurers and claimants hadn’t been ironed out. According to Peter Arnold, deputy director of the National Structured Settlements Trade Association (NSSTA) based in …
This year saw one of the largest tax increases in history, and when combined with state and local taxes, for the first time since income taxes were levied in the United States, a taxpayer can end up paying over 50 …
Ever since the Supreme Court decision in Commissioner v. Schleier, the vast majority of employment settlements have been deemed taxable. Attempts to get employment recoveries excluded from income have all met with failure with few exceptions. There have been a …
The experts provided tips for adjusters working claims that could benefit from the use of a structure. Seek out a specialist. “As soon as you realize you’re dealing with somebody who’s Medicare eligible or will be soon, that’s when you …
Structured settlements can be beneficial in resolving workers’ compensation claims involving Medicare Set Asides (MSAs), according to industry experts. Workers’ compensation injuries involving permanent disability are prime candidates for structured settlements because a structured settlement takes into account a person’s …
Though regulation was enacted 30 years ago to recover funds erroneously paid by Medicare, confusion remains as to how to handle liability claims involving Medicare eligible claimants. The government is now attempting to clear up some of the confusion that …
Ringler Associates, Inc., a structured settlement company in the United States with over 130 consultants in more than 60 major cities, is pleased to announce the election of two new members to its board of directors. Cindy Chanley, CSSC, based …
At zero expense to the carrier, tax-free, and tailored to fit the needs of the claimant, structured settlements are a powerful tool claims personnel can use when resolving claims. While the best candidates for structured settlements remain physical injury claims, …