JUST LIKE SPHINX’S RIDDLE: STRUCTURES ARE THE ANSWER ACROSS ALL AGES

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As we actively educate claims professionals about the value of structures for all parties, we at Chronovo often hear many misconceptions about the use and applicability of structures. Among the most prevalent is the notion that structures are only beneficial to—and create interest with—orphans and minor children.   While structures have features that are compelling for these kinds of litigants, many of those features are invaluable to anyone.  After all, [...]

STRUCTURES ARE THE KEY TO A SECURE RETIREMENT

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In a recent release, Met Life’s Retirement and Income Solutions group compare the value of structured settlements to other income-producing / retirement income investment products.  The results are quite compelling and worth re-broadcasting.  While structured settlements do not provide every answer or meet every investor’s needs, it’s also clear that structures should be a critical part of any retirement and lifetime income plan.   As Met Life’s simple, elegant graph details, [...]

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, [...]

Why Savvy Employers Take Structured Settlements Personally

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Despite 40+ years of proof that structured settlements significantly benefit both parties with universal applicability for personal injury claims regardless of the line of business, they have been traditionally financed less than 5% of eligible dollars. We launched Chronovo five years ago to change all that. These missed opportunities arise from several issues.  The most glaring flaw in the structure industry is the lack of clear education of all those who participate in claim settlements.   [...]

Settlements’ Best Kept Secret

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I am about to drop one of claims’ best-kept secrets, a secret that will rock your claims management world: Structured Settlements really work! During my nearly 30-year tenure in the property and casualty claims management industry, I received minimal information or training about structured settlements from the market’s service providers. Throughout my career, there were two critical, ongoing requests made from my clients; save me money on the claim, [...]

Best Practices for Liability Negotiations

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Structured settlements provide a proven and effective way to quantify claim costs, evaluate reserves, deconstruct demands, design creative settlement offers and bridge the gaps in negotiations. They offer a wide array of advantages to all the parties with no additional cost to the claim file. When strategically used early in the process for evaluation and education—and consistently presented throughout the negotiations—structures are valuable analytical tools that help settle cases sooner and save claim dollar payouts. [...]

The Good, The Bad & The Ugly…and The Wisdom of Structuring Indemnity Benefits in a Workers’ Compensation Claim

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Indemnity benefits, designed to partially replace weekly income, are critical to workers’ compensation cases. Depending on the severity of the injuries and the limitations of the state statute, these benefits could provide weekly checks for a specific number of weeks or for a lifetime, typically at 60-662⁄3% of the individual’s average weekly wage. As I work with employers, claims professionals and injured individuals to resolve workers’ compensation claims with structured settlements, [...]

Why Injured Plaintiffs are “Unique Investors”

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Since the horrific attacks of 9/11, through the dot-com bubble, the sub-prime crash of 2008, and now the devastation from Covid-19, Americans have endured multiple financial meltdowns, massive layoffs, wild stock market rides and what seems like constant financial uncertainty. And this is just within the last 20 years. These unsettling economic times have taken a toll on our financial and emotional well-being. One segment of the American population has been especially vulnerable to volatility: the victims of catastrophic personal injury claims. [...]

ChronovoCare is Innovation in Full Dimension

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There’s a new path to settlement, paved by Chronovo, Inc. in its continuing support of carriers, TPAs and injured individuals. Here’s ChronovoCareTM, a first-of-its-kind, 3-in-1 medical savings program for prescription medicine, medical equipment AND surgical procedures that is offered by no other structured settlement broker. ChronovoCare provides a new level of consumer simplicity, flexibility, freedom of choice and tangible savings. It’s an entirely free program with no membership fees or requirements and no minimums. [...]