Attorney Edward S. Stone helps explain some of the difficulties surrounding the NFL Concussion Settlement in this article “The NFL Concussion Settlement, Traumatic Brain Injury, and CTE: Fact, Fiction, and Spin Doctoring”. The Journal of Legal Nurse Consulting Vol. 28, Issue 3, Fall 2017, pp. 8-11. Meanwhile, medical researchers continue to explore new ways to ascertain […]
https://edwardstonelaw.com/wp-content/uploads/2019/07/Edward-Stone-Law-Logo-Web-1.jpg00lisahttps://edwardstonelaw.com/wp-content/uploads/2019/07/Edward-Stone-Law-Logo-Web-1.jpglisa2017-11-09 18:08:482017-11-02 18:27:39Article by Edward Stone in The Journal of Legal Nurse Consulting
On October 24, 2017 Pension & Investments reported that the New York Times Co. would purchase group annuity contracts from Massachusetts Mutual life Insurance Company to divest itself of $225 Million in pension liabilities under two of its defined benefits plans. This transfer reportedly affects 3,800 retirees and/or their beneficiaries. MassMutual is scheduled to take […]
https://edwardstonelaw.com/wp-content/uploads/2019/07/Edward-Stone-Law-Logo-Web-1.jpg00lisahttps://edwardstonelaw.com/wp-content/uploads/2019/07/Edward-Stone-Law-Logo-Web-1.jpglisa2017-11-06 18:38:432017-11-02 18:44:05New York Times transfers $225 million in pension liabilities
On August 3, 2017, the Miami Herald reported that Jose Camacho, the Broward County attorney who specialized in filing structured settlement transfer petitions was sentenced to one year in jail, and ten years of probation. He plead guilty to 14 felony charges after forging over 100 judicial signatures beginning in 2012.
With interest rates low and the corporate desire to reduce liabilities high, pension de-risking transfers continue at a rapid pace. While Verizon was one of the first, since 2012 many companies including GM, J.C. Penney, United Technologies, PPG Industries and Lincoln Electric have de-risked by transferring their pension liabilities to an insurance company. These pension […]
In January of 2017, ProtectSeniors.org worked with Senator Carlo Leone to introduce a new bill providing expanded protections for retirees affected by pension de-risking transfers. In January, 2017 Senator Leone introduced Proposed Bill 493 and a public hearing was held on February 16th. The Joint Committee on Insurance and Real Estate voted 16-5 in favor […]
https://edwardstonelaw.com/wp-content/uploads/2019/07/Edward-Stone-Law-Logo-Web-1.jpg00lisahttps://edwardstonelaw.com/wp-content/uploads/2019/07/Edward-Stone-Law-Logo-Web-1.jpglisa2017-03-14 14:08:342017-11-02 20:16:48Favorable Vote for Connecticut Pension De-Risking Bill
Edward Stone, as special counsel to ProtectSeniors.org provided testimony at a Public Hearing in Hartford, Connecticut on February 16, 2017 in support of Proposed Bill No. 493 “AN ACT CONCERNING THE PURCHASE OF AN ANNUITY TO FUND PENSION AND RETIREMENT BENEFITS”. Jack Cohen, Chairman of the Association of Bell-Tel Retirees, Inc. and Bill Jones, Co-founder and […]
https://edwardstonelaw.com/wp-content/uploads/2019/07/Edward-Stone-Law-Logo-Web-1.jpg00lisahttps://edwardstonelaw.com/wp-content/uploads/2019/07/Edward-Stone-Law-Logo-Web-1.jpglisa2017-03-03 16:43:592017-03-13 13:48:57Public Hearing on Connecticut De-Risking Bill
Edward Stone will be a guest speaker at the Society of Settlement Planners Annual Conference in Las Vegas on March 2, 2017. Edward Stone and John Darer will participate in a panel discussion on current developments in the structured settlement secondary market.
https://edwardstonelaw.com/wp-content/uploads/2019/07/Edward-Stone-Law-Logo-Web-1.jpg00lisahttps://edwardstonelaw.com/wp-content/uploads/2019/07/Edward-Stone-Law-Logo-Web-1.jpglisa2017-03-01 15:05:522017-03-01 15:05:52Edward Stone Speaking at SSP Annual Meeting
Connecticut State Senator Carlo Leone (D – 27) has introduced Proposed Bill No. 493 “AN ACT CONCERNING THE PURCHASE OF AN ANNUITY TO FUND PENSION AND RETIREMENT BENEFITS”. This proposed bill requires an insurance company to provide certain annual disclosures to employees and retirees impacted by pension de-risking transfers involving the purchase of a group annuity […]
https://edwardstonelaw.com/wp-content/uploads/2019/07/Edward-Stone-Law-Logo-Web-1.jpg00lisahttps://edwardstonelaw.com/wp-content/uploads/2019/07/Edward-Stone-Law-Logo-Web-1.jpglisa2017-01-20 14:15:482017-02-07 20:51:39New Proposed Pension De-Risking Bill in Connecticut
The Consumer Financial Protection Bureau (CFPB) has filed suit in federal court in Baltimore accusing Access Funding of violations of the federal Consumer Protection Act. Access Funding (now Reliance Funding) is a purchaser of structured settlement payment streams whose alleged predatory business practices involving people who had been poisoned by lead paint as children were […]
Over the past few years a number of life insurers have raised annual cost of insurance charges (COI) in ways that many consumers once thought impossible. For the most part, COI increases have targeted flexible premium universal life policies – the kind of life insurance policies that the insurance industry marketed as retirement savings vehicles. […]
https://edwardstonelaw.com/wp-content/uploads/2019/07/Edward-Stone-Law-Logo-Web-1.jpg00lisahttps://edwardstonelaw.com/wp-content/uploads/2019/07/Edward-Stone-Law-Logo-Web-1.jpglisa2016-11-28 14:53:032016-11-28 14:53:03Litigation follows close behind cost of insurance increases
Article by Edward Stone in The Journal of Legal Nurse Consulting
Attorney Edward S. Stone helps explain some of the difficulties surrounding the NFL Concussion Settlement in this article “The NFL Concussion Settlement, Traumatic Brain Injury, and CTE: Fact, Fiction, and Spin Doctoring”. The Journal of Legal Nurse Consulting Vol. 28, Issue 3, Fall 2017, pp. 8-11. Meanwhile, medical researchers continue to explore new ways to ascertain […]
New York Times transfers $225 million in pension liabilities
On October 24, 2017 Pension & Investments reported that the New York Times Co. would purchase group annuity contracts from Massachusetts Mutual life Insurance Company to divest itself of $225 Million in pension liabilities under two of its defined benefits plans. This transfer reportedly affects 3,800 retirees and/or their beneficiaries. MassMutual is scheduled to take […]
Broward Attorney Jose Camacho Sentenced
On August 3, 2017, the Miami Herald reported that Jose Camacho, the Broward County attorney who specialized in filing structured settlement transfer petitions was sentenced to one year in jail, and ten years of probation. He plead guilty to 14 felony charges after forging over 100 judicial signatures beginning in 2012.
Pension De-Risking State Legislative Update
With interest rates low and the corporate desire to reduce liabilities high, pension de-risking transfers continue at a rapid pace. While Verizon was one of the first, since 2012 many companies including GM, J.C. Penney, United Technologies, PPG Industries and Lincoln Electric have de-risked by transferring their pension liabilities to an insurance company. These pension […]
Favorable Vote for Connecticut Pension De-Risking Bill
In January of 2017, ProtectSeniors.org worked with Senator Carlo Leone to introduce a new bill providing expanded protections for retirees affected by pension de-risking transfers. In January, 2017 Senator Leone introduced Proposed Bill 493 and a public hearing was held on February 16th. The Joint Committee on Insurance and Real Estate voted 16-5 in favor […]
Public Hearing on Connecticut De-Risking Bill
Edward Stone, as special counsel to ProtectSeniors.org provided testimony at a Public Hearing in Hartford, Connecticut on February 16, 2017 in support of Proposed Bill No. 493 “AN ACT CONCERNING THE PURCHASE OF AN ANNUITY TO FUND PENSION AND RETIREMENT BENEFITS”. Jack Cohen, Chairman of the Association of Bell-Tel Retirees, Inc. and Bill Jones, Co-founder and […]
Edward Stone Speaking at SSP Annual Meeting
Edward Stone will be a guest speaker at the Society of Settlement Planners Annual Conference in Las Vegas on March 2, 2017. Edward Stone and John Darer will participate in a panel discussion on current developments in the structured settlement secondary market.
New Proposed Pension De-Risking Bill in Connecticut
Connecticut State Senator Carlo Leone (D – 27) has introduced Proposed Bill No. 493 “AN ACT CONCERNING THE PURCHASE OF AN ANNUITY TO FUND PENSION AND RETIREMENT BENEFITS”. This proposed bill requires an insurance company to provide certain annual disclosures to employees and retirees impacted by pension de-risking transfers involving the purchase of a group annuity […]
CFPB Files Suit Against Access Funding
The Consumer Financial Protection Bureau (CFPB) has filed suit in federal court in Baltimore accusing Access Funding of violations of the federal Consumer Protection Act. Access Funding (now Reliance Funding) is a purchaser of structured settlement payment streams whose alleged predatory business practices involving people who had been poisoned by lead paint as children were […]
Litigation follows close behind cost of insurance increases
Over the past few years a number of life insurers have raised annual cost of insurance charges (COI) in ways that many consumers once thought impossible. For the most part, COI increases have targeted flexible premium universal life policies – the kind of life insurance policies that the insurance industry marketed as retirement savings vehicles. […]