Defendants are Not Obligated to Cover Annuity Payments in the Case of Carrier Insolvency
By EsqSocial Corporation 01/02/21
Structured settlements most often take the form of fixed payment annuities, for the most part funded by the tort defendant (or its liability insurer) in a wrongful death or personal injury suit, but are the resulting periodic payments always guaranteed to be paid in full? Not necessarily....
By: Faegre Drinker Biddle & Reath LLP