In this edition of Speaking of Settlements, Mark Wahlstrom discusses the huge sea change in the settlement industry that has been brought on by the federal take over of AIG. While some might argue with that description, the fact is that 80% of the company will be in the hands of the US government thanks to the $85 billion infusion of cash. What is the impact going to be on the annuity holders, claimants, policyholder and lawyers who do so much business with AIG? What are the impacts of the structured settlement industry where AIG has market leadership? Listen in and find out, or go visit The Legal Broadcast Network to learn more.
Duration : 0:9:59
May 27th, 2009 at 2:12 pm
Yes, the structured …
Yes, the structured settlements written with AIG are still good. The company is adequately reserved, there is no reason to cash these out and take substantial penalties to do so. Most annuity contracts fall under the state guarantee fund limits which should protect your value completely.
May 27th, 2009 at 2:12 pm
What if i had a …
What if i had a Structured settlements whit AIG is it still good