The structured settlement business is shrinking as falling demand makes them less attractive to claims professionals. But a potentially bigger issue for the industry involves ongoing litigation involving Executive Life of New York (ELNY). In a new article for LifeHealthPro, attorney Edward Stone highlights the impact this litigation has for both a major structured settlement company and Casualty insurers who use structures to resolve cases. As Stone writes, this litigation “threatens one of the product’s perceived key advantages for claims departments: namely, the belief that use of a structured settlement to resolve a claim does not entail additional risk.” Read the full LifeHealthPro article here.
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