INC. HONORS: CHRONOVO RANKS #1385 AMONG THE NATION’S FASTEST-GROWING PRIVATE COMPANIES

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FOR IMMEDIATE RELEASE BURLINGTON, MASSACHUSETTS—August 13, 2020—Chronovo, Inc. has been named one of the nation’s most successful private companies, garnering 1385th placement in Inc. magazine’s Inc. 5000 list for 2020. This ranking of fast-growing independent companies represents important recognition for the most dynamic drivers of the American economy. Previous winners like Intuit, Zappos, Under Armour, Microsoft, Jamba Juice, Timberland, Clif Bar, Pandora, Patagonia, Oracle and other notable alumni gained their first national exposure as honorees on the Inc. [...]

ESIS announces $60m in savings, 4x settlements with structures through industry-leading Chronovo partnership

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We are fiercely proud to share ESIS’s announcement that Chronovo’s unique collaboration on several industry-first strategies has enhanced the use of structured settlements. In fact, ESIS has realized $60m in new savings for their clients in the past two years. Even more profoundly, our work together has also provided invaluable security, predictability and tax savings for hundreds of claimants, plaintiffs and applicants too. It’s the classic—if ever elusive—win for everyone involved. [...]

Happy 30th Anniversary, Americans with Disabilities Act!

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Happy 30th Anniversary. Thirty years ago, on July 26, 1990, President George H.W. Bush spoke to 2,000 people gathered on the South Lawn of the White House to officially sign the Americans’ with Disabilities Act (ADA) into law. His words compared the moment to the fall of the Berlin Wall the previous November: “I sign legislation which takes a sledgehammer to another wall, one which has for too many generations separated Americans with disabilities from the freedom they could glimpse, [...]

“Settling in Unsettling Times:” CEO Ken Paradis Highlights Opportunities for Savings & Security in Settlement Strategies

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In the latest installment of the ExamWorks Clinical Solutions National Webinar Series, Chronovo CEO Ken Paradis and ExamWorks’ Vice President of MSP Compliance Marty Cassavoy discussed how structures animate the savings and security of an MSA in the organizations’ two joint offerings with Ametros called the iMSA and EBiMSA.    The goal of the recorded webinar for nearly 500 insurance professionals registrants, according to Paradis, was to “inform and invigorate the negotiation process—especially in workers’ [...]

Settling in Unsettling Times with Ken Paradis, Chronovo CEO and Founder

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Ken will be the featured guest for the latest in ExamWorks Webinar Series. Join him and ECS Vice President of MSP Compliance Marty Cassavoy on Wednesday, May 20 at 2pm EST for “Settling in Unsettling Times.” Claims organizations, attorneys and injured parties are all facing unique challenges and opportunities during these unprecedented times. From closed courtroom and remote mediations to the simple challenge of navigating technology, creative, swift and efficient settlement solutions are essential. [...]

PCEA’s Virtual Conference Features CEO Ken Paradis

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The Pacific Claim Executives Association announces its first-ever virtual educational webinar on Thursday, May 14, from 7:30-3:15 PST. Described as “an innovative day with some of the industry’s most sought-after speakers,” the day-long conference will address these timely topics: * COVID-19 Business Interruption Losses * Subrogation Funding and Other Modern Trends in Subrogation * COVID-19 Fraud Trends * and more One of the featured presenters, Ken will address “Decreasing Settlement Costs and Stretching MSA Dollars by Structuring and Professionally Administering MSAs.” He is scheduled to speak at 10am PST. [...]

10 STRUCTURED ADVANTAGES OVER MARKET VOLATILITY & RISK

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A few years ago, we published an article on market volatility and how structured settlements provide significant advantages over the uncertainty of the financial markets. Whether it be the terrorist attacks of 2001, the mortgage financing crash of 2008, the Coronavirus crisis of 2020, or even the countless, more minor ups and downs of the economy, structured settlement annuities are safe and secure when everything else fails. To the credit of our blue-chip life company partners, [...]

Changing Course on Your MSA Submission Policy During the COVID-19 Crisis and the Role of Structures

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Since Medicare Set-Aside (MSA) submissions to Capital Bridge, CMS’ Workers’ Compensation Review Contractor (WCRC), are submitted via electronic portal and reviewed remotely, we have been told that review and approval of MSAs should not be delayed by the COVID-19 pandemic. Assuming that delays do not occur, the new focus on quick closures to meet cash demands or outpace Board closures, even the traditional 30-day turnaround might be too slow to optimize the value of a settlement for all the parties. [...]

Keep Claim Settlements Moving: Settling Cases During Coronavirus

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The coronavirus has thrown our daily routines into uncharted territory. Courts are closing, mediations are being cancelled, travel is limited and many are working from home. Despite these hurdles, there are still many tools and techniques available to help move cases along. The need certainly hasn’t gone away. The good news is that we are already well connected thanks to technology, including email, texting, webinars and phone. We can now make the best use of our time in creative ways, [...]

Bagging the best settlement

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In the hunt for optimal settlements, injured individuals and their families are often tempted by the promise of big and immediate bounty. “Take the money and run” sure sounds good. But bagging a lump sum settlement can bring beastly consequences. For one thing, that large, tasty prize is easily dissipated and always vulnerable to hungry creditors. Its growth or interest is subject to taxation. Also, lump sums may cut off eligibility for needs-based government benefits. [...]