The Nebraska Structured Settlement Protection Statute Cited as 2001 NEB 25-3101 – 25-3107 LB55 LB 55 LEGISLATIVE BILL 55 Approved by the Governor April 4, 2001 Introduced by Landis, 46 AN ACT relating to financial arrangements; to amend section 9-109, Uniform Commercial Code; to adopt the Structured Settlements Transfers Protection Act; to harmonize provisions; to provide an operative date; to repeal the original section; and to declare an emergency. Be it enacted by the people of the State of Nebraska, Section 1. Sections 1 to 7 of this act shall be known and may be cited as the Structured Settlements […]
Considerations for the Casualty Insurer in Dealing with Structured Settlements Recent trends in property/casualty insurance reflects catastrophic insurance losses from earthquakes, hurricanes, and other natural and unnatural disasters reaching unparalleled levels. Property/casualty insurers are anticipating even larger losses in the future. It’s not only the frequency of these natural and unnatural disasters that is debilitating, it is also the population growth. For example, the population in the Atlantic and Gulf regions of Florida and in California have experienced a population growth three or four times the national average for the last three decades. Faced with this increased exposure […]
Companies Can Still Buy Structured Settlement Payments Part II Companies that buy structured settlements have to put up with a lot to exist and do what they do. Despite the fact that these companies are now recognized in the structured settlement industry and legislation has been put in place for them to conduct their business in an ethical way, associations like the National Structured Settlements Trade Association (NSSTA) still openly discourage claimants from even considering selling their structured settlement payments. Like we said in the Part I of “Companies Can Still Buy Structured Settlement Payments”, we understand the impetus […]
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