Ultimate Post Structured Settlements as of July 10, 2009
Structured Settlement is a financial or insurance arrangement, including periodic payments, that a claimant accepts to resolve a personal injury tort claim or to compromise a statutory periodic payment obligation. Structured settlements were first utilized in Canada and the United States during the 1970s as an alternative to lump sum settlements. Structured settlements are now part of the statutory tort law of several common law countries including Australia, Canada, England and the United States.
Although some uniformity exists, each of these countries has its own definitions, rules and standards for structured settlements. Structured settlements may include income tax and spendthrift requirements as well as benefits. Structured settlement payments are sometimes called “periodic payments.” A structured settlement incorporated into a trial judgment is called a “periodic payment judgment.”
07/10/2009
Png Eng Huat writes to the Straits Times Forum, 10 July 2009:MAS should have been more objectiveI REFER to Wednesday’s report, ‘MAS acts against 10 institutions’.It seems the Monetary Authority of Singapore (MAS) has learnt little from the Lehman crisis. The crux of the sale of those toxic structured products was that their profits were oversold or misrepresented while their underlying risks were undersold.In short, too much positive spin was put on the marketing of such products.
07/10/2009
07/10/2009
by Jonathan Summers The extent of a cash payout on a structured settlement depends largely on the dollar value placed on a claimant’s pain and suffering and terms offered by buyout firms. In a structured settlement, claimants can wait months and years to receive rectification for personal injury caused by automobile accidents, or included in trust funds, or annuities. By bargaining with a funding agency that provides a lump sum payment for a structured settlement, individuals and families can appreciate financial freedom and accomplish some lifelong dreams.
07/10/2009
Structured settlements are an agreement on settlement payments between a plaintiff and a defendant where the plaintiff agrees to the dismissal of the case in exchange for a financial settlement to be paid by the defendant. Typically, it is the defendant, who wishes to end the litigation of the case, who makes the initial offer of a structured annuity to the plaintiff. view source
07/09/2009
William White was predicteding the approaching financial crisis years before the subprime meltdown in 2007. Now the former chief economist at the Bank for International Settlements is suddenly back in demand. ” title=”bank crisis 2″ width=”515″ height=”343″ class=”size-full wp-image-34197″ /> William White was predicteding the approaching financial crisis years before the subprime meltdown in 2007. Now the former chief economist at the Bank for International Settlements is suddenly back in demand.
07/08/2009
Lost? You can catch up here with the precursor , part one , part two and part three . **** This bit of vacation dribble is brought to you by the city of Belize. I feel I must apologize, upfront, about the boring pictures this go-around. There are a lot of pictures of broken down homes, and overall poverty. But I learned three important things while we toured Belize: 1. I am sooooo thankful that we live in the United States. (And it REALLY upsets me whenever I hear people slam the U.S.
07/08/2009
by Jonathan Summers The amount of a cash payout on a structured settlement depends largely on the dollar value placed on a claimant’s pain and suffering and terms offered by buyout firms. In a structured settlement, claimants can wait months and years to receive compensation for personal injury caused by motor vehicle accidents, or included in trust funds, or annuities. By bargaining with a funding agency that provides a lump sum payment for a structured settlement, individuals and families can appreciate financial freedom and accomplish some lifelong dreams.
07/08/2009
Just as the authorities were touting the “end of the financial crisis,” all heck has broken loose again …We have a new surge in unemployment, and even without counting those who are excluded from the official numbers, 14.7 million are now jobless, the most since records dating back to 1948. Worse, for the first time since the Great Depression, every single job created after the prior recession has been wiped out.We have industrial production falling at the same pace as it did in the early 1930s ….
07/08/2009
MAS caps unsavoury saga with selling bans on 10 FIs Damning report on how Lehman-linked notes were sold; sanctions on selling structured products By SIOW LI SEN (SINGAPORE) A seven-month investigation into the manner in which Lehman-linked products were mis-sold to unsuspecting, and often inexperienced, investors has concluded with some disturbing revelations – and an unprecedented step. The Monetary Authority of Singapore (MAS) has banned 10 financial institutions (FIs) from selling structured notes for periods ranging between six months and two years.
07/07/2009
The sarcasm drips from Lars Toomre’s June 8, 2009 post about the JG Wentworth bankruptcy filing.He says:”Many individuals and firms have long avoided the structured settlement sector of the financial markets, particularly on the purchase side of the transactions. Most sellers of structured settlements are what one would call “retail” customers. Frequently, these customers are less sophisticated in one way or another.
