by John Darer CLU ChFC MSSC CeFT RSP CLTC
Terry Nolan Taylor, of Austin Texas, died April 2, 2023 at age 76.
- The first openly plaintiff-only settlement broker elected to serve as President of the National Structured Settlement Trade Association (NSSTA)
- Taylor was the co-founder of The James Street Group
- Later, he was the founder of Plaintiff Structures,
- A consultant to a Canadian structured settlement factoring company;
- and an indepndent assignment copany
According to his obit., Taylor was born on March 21st, 1947 in Orange Texas.
In 1991, Taylor formed a partnership with the late James Street and started The James Street Group. Taylor later formed Plaintiff Structures, a structured settlement brokerage in 1999. In 2000, Taylor became the president of the National Structured Settlement Trade Association. He also served on the NSSTA Board of Directors from 2002-2003.
Taylor’s Advocacy against factoring and then, The Irony
Taylor’s advocacy against the factoring of structured settlements led to significant milestones. He played a crucial role in getting support from the Association of Trial Lawyers American (now American Association for Justice) for the passage of a Federal factoring law. Additionally, he spent time lobbying Congress, particularly the offices of Senators Chuck Grassley and Max Baucus, working towards the passage of the Victims of Terrorism Compensation Act of 2001, which included first generation legislation and regulation a structured settlement recipient’s ability to transfer the rights to receive future structured settlement.
Taylor, ironically, traded Max Baucus for Max Worth after he hooked up with Strategic Capital Corporation, a Toronto Canada based structured settlement factoring company
In the years prior to his passing he had collaborated to establish an independent assignment company in Barbados. This author understands that the assignment company was shut down after Taylor’s passing.