by Structured Settlement Watchdog
The Structured Settlement Canard of the Month goes to Annuity.org for its perverse use of a true statement by the National Structured 
Settlements Trade Association, to imply that Peachtree Financial, a JG Wentworth company, is a regulated entity under the purview of insurance law and regulated by state insurance commissions
Annuity.org also implied that any structured settlement factoring company that holds itself out as a structured settlement broker, such as Peachtree, is regulated by a state insurance commissions; that any structured settlement purchaser that buys structured settlement payment rights and then assigns them to an investor is selling a regulated insurance product to the investor, instead of receivables.
Here is the cited quote from the National Structured Settlements Trade Association
"Structured settlements are funded by annuities and all structured settlement brokers are regulated by state insurance commissions. Structured settlement consultants must also comply with at least seven sections of the U.S. tax code".
"Cultural Misappropriation"
Peachtree Financial bought ads portaying itself as a structured settlement broker. Below is one of three Google paid ads for Peachtree appearing March 1, 2023 in a Google search of the term "structured settlement broker" performed by the Structured Settlement Watchdog. This form of ad can be seen virtually every day.
The two decade long strategic failure of state legislatures around the United States to deal with a reasonably forseeable problem from the beginning; and to enact laws, such as a licensing standard to address the reasonably forseeable and provide a means to effectively regulate the sale practices of structured settlement factoring companies and those they hire, to the detriment of consumers.
If all structured settlement factoring companies were indeed regulated by state insurance commissions, there would no doubt be very few companies in the structured settlement secondary market.