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.
recent posts
- 🔥Founder and Former CEO of 777 Partners, Joshua Wander, Pleads Guilty⚖️ to $500 Million Fraud Scheme — DOJ Confirms Double‑Pledging, Misappropriation of Structured‑Settlement Funds, and Falsified Bank Statements
- The Steering Problem Needs a Wake‑Up Call
- Companies Still Using the Incorrect Term “Secondary Market Annuity”
- Canonical: Non‑Qualified Assignment (NQA)
- ⭐ THE 18–25 GUIDE TO STRUCTURED SETTLEMENTS
about
Category: Executive Life Insurance Company of NY (“ELNY”)
Executive Life Insurance Company of New York (ELNY) was a subsidiary of the now‑insolvent California‑based Executive Life Insurance Company (ELIC). ELNY was a heavy writer of structured settlement annuities in the 1980s. It was placed by stuctured settlement brokers in the 1980s despite warnings aboutjunk bond holdings. ELNY was seized by the State of New York in April 1991 and later placed into liquidation August 8, 2013, with its remaining obligations managed by Guaranty Association Benefits Company (GABC)
-
Weiss Ratings (formerly Weiss Research) | First Insurance Rating Organization to issue Independent Financial Strength Ratings for Life and Health Insurance Companies
-
The settlement is “in lieu” of plaintiff’s human capital lost in the 1981 plane crash. The Yerkes settlement is intended to be a 1-to-1 replacement of damages awarded to Plaintiff in his original suit alleging physical injury, staying faithful to the principle of “human capital” rationale that emanates from Section 104(a)(2) as instructed by the Supreme…
-
On April 26, 2022, the Court found Plaintiff Eric Yerkes’ legal malpractice claim shall not be precluded and there is a genuine dispute of material fact regarding whether Defendant Anapol Weiss, a Philadelphia personal injury law firm breached its standard of care.
-
Genex Capital Corporation recently issued “recall notices” to investors in pre-2015 structured settlement payment rights where their structured settlement investments are subject to payment servicing. The notice headline is “RECALL FIRST NOTICE—ACTION REQUIRED”
-
Central to dismissal against Cessna and Certain Underwriters at Lloyds of London, was that there was a qualified assignment to which Yerkes consented. But Anapol missed or punted on readily available sources of info on Executive Life that should have given them pause in my opinion.
-
It’s notable that the annuity agent on the Shaw case was Merrill Lynch Settlement Services, Inc. which appears to have utilized a cheap annuity from Executive Life, ignoring some unavoidable facts, apparently including Merrill Lynch internal guidelines.
-
Executive Life Insurance Company of New York structured settlements were also placed by plaintiff structured settlement advisors, including one, who at one time was one of the the largest contributors to AAJ, then known as the Association of Trial Lawyers of America.
-
Disgruntled Dick Risk looks foolish for his hemispheric portrayal of the structured settlement industry as Rocky “getting pummeled”. As a fighter, Rocky kept getting up after gettng down. Never gave up. It merely demonstrates that Dick Risk may have hoisted on his own petard..
-
As much as 40% of ELNY’s assets were invested in stocks when the New York Liquidation Bureau was working with Credit Suisse, which is more than double what most insurance companies were permitted.