Structured settlement


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Structured settlement

An agreement in settlement of a lawsuit involving specific payments made over a period of time. Property and casualty insurance companies often buy life insurance products to pay the costs of such settlements.

Structured Settlement

The judgment or final agreement in a lawsuit where one party (usually the defendant) pays the other party (usually the plaintiff) a certain amount of money over a long period of time. A structured settlement allows the "winning" party to receive a large amount while still making payment affordable for the other party. Some companies purchase insurance policies where the insurance company pays any structured settlements that may arise.
References in periodicals archive ?
The defendant has an interest in negotiating a post-verdict settlement that minimizes the pro-plaintiff bias in a 50-B structured settlement while maximizing any pro-defendant biases.
Moreover, if the recipient dies, heirs have access to the remaining lump sum, while structured settlement payments often stop at death.
The present value of the structured settlement was $640,000 and the child is guaranteed $1.4 million.
Delray Beach, FL, March 09, 2019 --(PR.com)-- DRB Capital, LLC ("DRB") today announced another award to be paid under its "Stop Structured Settlement Fraud" Bounty Program.
has combined with Texas, US-based financial services company The Settlement Alliance, LLC to form Sage Settlement Consulting, LLC, a new entity that provides plaintiff-focussed structured settlement solutions, the company said.
BELLEVUE, Wash: Symetra Life Insurance Company entered into a reinsurance agreement with Resolution Re that transfers financial responsibility for all of Symetra's structured settlement annuity contracts and a smaller block of income annuities to Resolution Re.
The rating action follows GE's announcement that GE Capital will make a statutory reserve contribution of $15B to its legacy long-term care, structured settlement and life insurance businesses over the next seven years, in order to account for increased claim expectations, the rating agency says in a press release.
Tenders are invited for soliciting proposals from qualified life insurance companies and/or agents/brokers (contractor) thereof to administer a structured settlement annuity program for dependents of homicide victims.
Like Sylvester Stallone at the end of "Rocky," the structured settlement industry is getting pummeled.
Almost all of these reduced benefits were to structured settlement annuities used as funding mechanisms for settlements with people with severe bodily injuries.
Let's be clear: A structured settlement is a voluntary option in which all sides in a claim, certainly including the plaintiff, have access to professionals with a duty to represent their interests.
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