Structured Settlements 4Real®Blog 2026

Structured settlements expert John Darer reviews the latest structured settlements and settlement planning information and news, and provides expert opinion and highly regarded commentary. that is spicy, Informative, irreverent and effective for over 20 years.

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The STRUCTURED SETTLEMENTS 4REAL® Blog is a highly regarded source for structured settlement news, information, and commentary, led by structured settlement and settlement planning subect mater expert John Darer CLU ChFC MSSC CeFT RSP CLTC. With two decades of operation, the blog and 4structures.com are recognized as comprehensive resources, offering detailed guides and specialized insights. Established in 2005, the blog caters to a broad audience, including legal professionals, injured individuals, families, and various stakeholders, providing reviews and opinions on settlement planning. John Darer, President of 4structures.com LLC, is a seasoned structured settlement expert with over 40 years of financial services experience and 31 years specializing in structured settlements. Based in Stamford, CT, he is a Certified Financial Transitionist and Registered Settlement Planner, holding insurance licenses in 45 states and the District of Columbia. John Darer is dedicated to transparency and advocacy, he emphasizes the importance of engaging trained and licensed professionals for settlement planning, offering valuable insights through his investigative journalism and professional commentary.

20 US Bank Failures in 2010 | Structured Settlement Failures in 2010 0

by  John Darer CLU ChFC CSSC RSP

Federal regulators closed 4 more banks on February 19, 2010 bringing the year's total to 20.

There were 140 bank failures in 2009, the highest annual number of bank failures since 1992, when the country was at the height of the savings and loan crisis.

The 2009 failures cost the insurance fund more than $30 billion. As a comparison there were 25 bank failures in 2008 and only  three in 2007.

Depositors' money is insured up to $250,000 per account through 2014. The FDIC's expectations are a $100B outflow over the next 4 years. Banks are assessed premiums each year and in 2009 were mandated by the FDIC to prepay premiums for 2010-2012 to help replenish the withered coffers of the bank insurance fund.

It is worth pointing out that during the same time period of this financial crisis  no structured settlement annuity issuer has been taken over by state insurance regulators and ALL of the structured annuity issuers writing structured settlements have made their payments to annuitants.

 

 
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One response to “20 US Bank Failures in 2010 | Structured Settlement Failures in 2010 0”

  1. Chris Avatar
    Chris

    Hi John,
    I enjoy your blog, thanks for keeping this up.
    I’m a young professional just starting out and I’m trying to learn as much as possible. I’m finding your posts very helpful. For instance, your take on a structure as a “job that you can never get fired from” is excellent. I plan on using that in future client meetings, if you don’t mind.
    Being knowledgeable about not just Structured Settlements in general, but the financial system as a whole is extremely important in this job. Education will be very important as this industry moves forward, as a very large percentage of the professionals are of the baby boom age (including my mentor, who has been a settlement professional since the early 80’s). Once that age group starts to hang up their structure hats there will be a huge need for new professionals. Will they be knowledgeable enough to keep our industry going? It’s a scary thought.

    Reply

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