The Structure Goose and its Golden Eggs

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From Aesop’s infamous Fables comes ancient wisdom that has been treasured since the 6th century B.C. and re-spun throughout the millennia: the lesson of “The Goose That Laid the Golden Eggs.” You know the story. A poor man and his wife are gifted with a goose that lays a golden egg every day. Rather than enjoy this daily bounty and its certainty, the couple kills the goose, [...]

ExamWorks Clinical Solutions and Chronovo Announce iMSA: Structured Settlement Solution Improves Settlements for All Stakeholders

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Lawrenceville, GA—November 28, 2016ExamWorks Clinical Solutions (ECS) announced today an exclusive agreement with structured settlement broker, Chronovo, to deliver an innovative solution to the Medicare Set-Aside (MSA) space for workers’ compensation and liability settlements, called the iMSA. The iMSA enables all stakeholders in the settlement process to save resources and gain greater security. James K. Price, CEO of ExamWorks noted, “Our iMSA not only provides parties the cost estimation tools necessary to protect Medicare’s interests in the settlement, [...]

The Bold, New Settlement World

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Litigation Management’s spring 2016 feature cover story, written by Bill Wakelee and Debra Levy, analyzes the complexity of today’s structured settlement world and offers a bright forecast. Bill, Chronovo’s Chief Strategy Officer, is bullish on the prospects for meaningful and effective settlements that benefit all parties, thanks to new technologies and business models that are enabling professionals to tailor claimants’ precise needs to available settlement funds. [...]

The Place to Be for Risk Managers: RIMS 2016

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Chronovo is heading to San Diego this week for the RIMS 2016 Annual Conference & Exhibition Session. This industry-leading event features three days of world-class education sessions, inspiring keynote speakers, and an Exhibit Hall packed with innovative resources. In other words, it’s the perfect environment for Chronovo’s “new time” approach to structured settlements. We’ll see you at RIMS! [...]

CLM 2016 Launches with a Key Panel

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This year’s CLM Annual Conference, convening April 6-8 in Orlando, will feature a host of industry-leading speakers and presentations. Chronovo’s Chief Strategy Officer Bill Wakelee will be leading a session on “Claims Management: Settlement Funds and Investment Risk,” along with Debra Levy (CLM), Marques Torbert (Ametros) and Richard Woollams (AIG). Kicking off at 11am on Thursday, April 7 in the Hilton Orlando Bonnet Creek’s “Chronovo Room,” Bill’s panel will consider the behavioral science behind claimants’ [...]

10 Structured Cures for Every Ill of Market Volatility & Risk

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In a recent post, we talked about the ongoing roller-coaster ride on the stock markets, and how market volatility can decimate the settlement funds received by injured claimants. For these “unique investors,” who often face permanent injuries, lost wages, and a host of future medical expenses, the last thing they can withstand is the risk of losing these dollars. The settlement funds received when closing out a claim are often the only monies available to these injured parties, [...]

NSSTA Completes Its Inaugural MSSC Program at Notre Dame

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The National Structured Settlements Trade Association (NSSTA) recently announced the completion of their inaugural Master’s Certificate in Structured Settlement Consulting (MSSC) program, held at and in conjunction with the University of Notre Dame. This program consisted of extensive pre-study, 40 hours of classroom work, and the completion and acceptance of a comprehensive industry research paper. There are only 22 consultants in the country who have achieved the MSSC designation, [...]

What Market Volatility?

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Summary: Structured Settlements offer protection during unpredictable market turbulence. On Friday August 21, the lead story on all the networks was the plummeting US Stock Market. The Dow Jones industrials were down 531 points on concerns that China’s economy is slowing down, the Fed is sending mixed signals on raising interest rates this fall, and oil prices had dropped below the key $40 level for the first time since 2009. [...]

A Crucial Role for Annuity ‘Structures’

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Summary: Given the tax-exempt status and safety of structured annuity settlements, is any post-injury financial plan complete without one. Every year millions of injured Americans confront critically important financial decisions as their personal injury litigation draws to a close. In planning the path forward and beyond their injuries, the stability and security of ongoing, lifelong income from their settlement, judgment or award proceeds becomes absolutely paramount. The money simply needs to last. [...]