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NASHVILLE ANNUITY
Annuity Nashville
AIG American General Issues Q&A on Recent Ratings Releases
The following Question and Answer Memo was distributed by AIG/American General today. The AIG/American General memo addresses the recent AIG corporate earnings announcement, the recent ratings actions and reaffirms the strength of AIG/American General and the entire AIG global operations.
Download qa_2008_earnings_and_updated_rating_agency_actions.pdf
The AIG/American memo follows two recent Structured Settlements 4Real posts on the topic:
AIG Removed From Credit Watch by S&P May 24, 2008 and
AIG Posts Q1 Earnings Loss-Putting Things in Perspective for Structured Settlement Payees,
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The Case of "The Dreaded Shrimp"
Timothy Richardson a former employee of the St. Louis branch of the Red Lobster restaurant chain, was left comatose in 2003 by the effects of a shellfish allergy hours after breading shrimp on the job.
DealFlow Media's report of the case on May 30, 2008 inaccurately states in its headline that the Richardson was "awarded a structured settlement". One cannot be awarded a structured settlement. It later correctly refers to the case resolution as a settlement.
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Factoring Industry "Soiled" by Blogspot "Dung Beetles"
THEY'RE BACK! Serial Blogspot (a/k/a Blogger.com) spammers are back with a vengeance and this time they are hitting the factoring industry hard. Here are the latest examples of this "digital diarrhea":
One of penile dysfunction countrys (sic) favorite vacation destinations, San Diego is
quickly becoming an ideal place to invest in selling structured
settlements estate.
Consumers looking for white selling structured settlements and a great
smile have plenty of choice of treatments
As reed diffusers and aromatherapy candles
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Structured Settlement Industry Web Sites-May 2008 Traffic Report
Three Month Trailing Top 10 Traffic Rank (Alexa
Rank as of 05/29/2008) of Structured Settlement and Settlement Planning
Industry websites* (+ or- traffic from 04/29/2008 report). Lower number means more traffic.
Who Are Ya?
Beyond Structured Settlements Blog (Pat Hindert) 426,490+
Structured Settlements 4Real Blog (John Darer) 1,097,538-
4structures.com, LLC 2,086,837-
National Structured Settlement Trade Association (NSSTA) 2,603,441-
The Settlement Plan (Jason Lazarus) 3,873,179+
Settlement Professionals 4,407,381-
Structured Settlement Services (Robert Risk) 4,789,478+
Ringler Associates 4,809,186+
EPS Settlements Group 5,100,217-
Lesti Settlements 5,316,912+
*Daniel Alvarez, JD,
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New York Structured Settlements vs. New York Structured Judgments
Add DealFlow Media to the illiterati who believe and wrongfully assert that you can be "awarded a settlement". Friday's post "Appelate Court Reduces Award in Structured Settlement Case" on The Structured Settlements Wire is just another example of incomplete, poorly researched and shoddy reporting by the "wannabe structured settlement media".
The post deals with a recent New York Third Department Appellate Division Memorandum and Order in a case captioned" Mary Ann Nolan Appellant v Union
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Hindert Gets IRC 5891 Wrong... Perpetuates Myth
Factoring promoter and structured settlement industry curmudgeon Patrick Hindert
does what he does, which is generally to criticize the structured settlement industry on behalf of the factoring industry.
Unfortunately for Hindert's own credibility, his attempt to sound authoritative in a criticism of an article on settlement trusts written by Henry Strong, immediate past President of NSSTA, and Dr. David Cordell, has a few lumps.
Among Hindert's gaffe's:
Hindert perpetuates the myth that structured settlement transfers were "legally
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New York Structured Annuity Advertising. Compliance Issues Continue. Violators Beware, AGAIN!
A number of structured settlement firms operating in New York State STILL appear to be violating New York State Law. An April 28, 2008 opinion of New York Insurance Department Office of
General Counsel (OGC) clarifies advertising rules and underscores the warnings that I have previously posted
on this blog. The insurance advertising statute opined on by the OGC, applies to ALL advertisements, regardless of the medium
through which they are disseminated- whether radio, the Internet or
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Don't Like Being Under the Magnifying Glass?
Structured Settlements 4Real continues to uncover, question and expose business practices and/or misinformation which could mislead consumers in areas concerning structured settlements, settlement planning, structured settlement factoring and professional credentials of individuals and companies in or writing about those industries.
There are numerous examples where after 1205+ posts in 2 1/2 years, such exposure has proven an effective deterrent and/or has helped "clean up the neighborhood". Whether you are drawn to the "sweet sarcasm" or
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Mom and Pop Flop With Bogus Tax Deductible Installment Exit Strategy" Says IRS
A recent IRS Private Letter Ruling obliterated a couple's attempt to claim a 501(c)(3) charitable exemption for a company as part of promoting a "tax deductible installment payment exit strategy" scheme, spent "less than one half of one percent of its time performing charitable activities".
Click here to access the full story as covered on The Structured Sales Authority.
...
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Life Insurance When You've Got Medical Problems
Life insurance may be an important element of a settlement plan for personal injury recovery management when recovery involves a minor child or incapacitated adult, particularly if the
parents are the primary caregivers.
Life insurance can be used to finance the cost of a replacement caregiver, or
someone who will replace certain services that are now being provided by the deceased
caregiver. This value of this use of life insurance cannot be overemphasized.
Life insurance can
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