lump-sum News

PG&E Is Near $13.5 Billion Deal With Wildfire Victims

PG&E Corp. is close to finalizing terms for a $13.5 billion payout to victims of wildfires ignited by its power lines, a key step toward resolving the biggest utility bankruptcy in U.S. history, according to people familiar with the matter. …

Federal Agents Raid Imperial Holdings’ Florida Offices

Federal investigators Tuesday raided the Florida offices of Imperial Holdings Inc, a company that makes lump-sum payments on legal settlements and life insurance policies, the FBI said on Tuesday. The agents were operating on a search warrant issued from New …