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Annuitants who require special needs trusts (SNT's) now have more choices, after an increase in the number of companies that cater to the burgeoning market. Full Story
Medinsights Inc., a national provider of managed care and rehabilitative services, established a new unit to advise Medicare secondary payers on compliance and launched a new medical benefits account product. Full Story
The conversation at the Brownfields 2008 Conference in Detroit, May 5 through 7, is likely to be about superfunds and toxic waste more than it will be about structured settlements. Full Story
Credit rating firm A.M. Best is four to eight weeks away from publishing a new methodology for the rating of structured settlements, according to Emmanuel Modu, managing director and global head of structured finance with A.M. Best. Full Story
The Florida Office of Insurance Regulation (OIR) clarified that the suspension of Allstate Cos. from writing new business in the state does not include Allstate Life Insurance of New York, which writes structured settlement annuities in Florida. Full Story
The House of Representatives passed a bill to set a one-year moratorium before cuts to the Medicaid program would take effect. Full Story
AIG American General issued the results of a study that may show that personal-injury plaintiffs are largely unaware of structured settlements. Full Story
The National Structured Settlements Trade Association (NSSTA) said it appointed Joe Ricci to the vacant position of executive director. Full Story
Michael J. Miller, an attorney with law firm Drinker Biddle and co-chairman of the National Structured Settlements Trade Association's legal committee, said that the NSSTA will be addressing the issue of factoring with greater emphasis this year. Full Story
Thomas M. Ronce, tax counsel for Pacific Life Insurance Co., said that a ruling is expected from the U.S. Full Story
The playing field between injury plaintiffs and corporate defendants may be tilting in defendants' favor in cases involving numerous products.
In February, the U.S. Supreme Court affirmed a lower court's ruling stating that the manufacturers of certain medical devices are immune from liability for their products if they have been approved by the Food and Drug Administration. Full Story
The actuarial practice of rating the life expectancy of a structured settlement annuitant is one that is not for the weak of heart – or mind – and is a key factor in determining the cost of a structured settlement annuity.
When done correctly, the plaintiff, the life insurer, and the structured settlement consultant win. When done incorrectly, the result may mean that the structured settlement consultant and the life carrier lose business, while the plaintiff either looks elsewhere or takes a lump sum. Full Story
Special needs trusts (SNTs) are now available for some annuitants regardless of how small their settlement is. Pooled special needs trusts that can handle settlements as small as $3,000 are a growing area in the special needs arena. Full Story
- Hartford Retained More Than Previously Believed, Annuitants Claim
- House Approves Medicaid Safety Net Act
- AIG Survey May Show that Public Is Ignorant of Structured Settlements
- NSSTA Chooses Executive Director, Board Members
- Structured Settlements Used to Finance Environmental Cleanups
- Medinsights Starts Secondary Payer Compliance Unit
- Amica's Financial Ratings Affirmed
- Hirings and Firings
