Blogs

Kevin Silo, a structured settlement veteran with more than two decades of experience in the industry, will be NSSTA’s next president, the association announced today.  

Silo’s one-year term begins in May 2014, when he will succeed current NSSTA President John Machir.

One of the key long-term concerns of many accident survivors involves
finding acceptable and affordable health insurance.  Two news stories
this week show how daunting this task is and point out the vital need
for accident victims to ensure regular (and significant) funding to
cover their healthcare needs.

For a free NSSTA handout about post-accident financial strategies, please click here.

If you’re thinking that you may not need a structured settlement because you can rely on Social Security, you might want to think again.

Life Health Pro posted this interesting article by Stephen Ohlemacher of the Associated Press about the future of Social Security.  Titled “Promises, promises: Social Security pledge at risk,” Ohlemacher looks at the likelihood of future cuts in Social Security.  

One of the key benefits of a structured settlement is its ability to protect financial security over the long term. (For more on that, click here.)

A tip of the hat goes to NSSTA member and recent NSSTA President Dan Finn for his article in the new issue of Advocate, the monthly magazine of the Consumer Attorneys Association of Los Angeles (CAALA), the nation's largest local association of plaintiffs' attorneys.

Three experienced structured settlement consultants have been elected to the Board of Directors of the National Structured Settlements Trade Assn. (NSSTA). The three are:

Len Blonder (EPS Settlements)


A two-term NSSTA president, Mr. Blonder won reelection to a fifth Board term.

Mal Deener (Berkshire Hathaway Group of Insurance Companies, NYSE: BRKA)


A former NSSTA president and Board member, Mr. Deener is the National Sales Director for the company’s structured settlement division.

Michael Goodman (NFP Structured Settlements, NYSE: NFP)


A longtime member of the structured settlement industry, Mr. Goodman is President of NFP Structured Settlements.

Washington, D.C., April 25, 2013 - The National Structured Settlements Trade Association (NSSTA) is pleased to announce that John L. Machir, Senior Vice President at Ringler Associates, is the new President of the largest national association of structured settlement professionals.

Earlier today, U.S. Senator Max Baucus, chairman of the Senate Finance committee for more than eight years, announced that he would retire from public service.  Tributes to Sen. Baucus’ decades of service to this country are already pouring in from friends and colleagues (Here’s President Obama’s statement). 

This year marks 30 years since the federal tax code changed to recognize and encourage the use of structured settlements to resolve injury and wrongful death cases.  Since 1983, more than 500,000 injury victims have received the protection of these secure, tax-free income payments.

“There are multiple reasons that a life insurer should look at starting a structured settlement annuity program. The most obvious would be that this product is spectacularly well-suited for both the insurer and the beneficiary.

“There couldn’t be a better testimonial of insurers’ financial strength and the social and moral value of the product.”  (emphasis our’s)