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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Category: Hartford Financial Services Group
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The Hartford sale of Talcott Resolution was completed | Annuity, Structured Settlement, Life Run Off
Talcott Resolution, based in Windsor CT, is the run off company for The Hartford’s legacy life and annuity business. including structured settlement annuities (which Hartford Life stopped writing in April 2012).
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While Tulsa attorney Dick Risk seems to imply to visitors to the Risk Law Firm website that he was responsible for Hartford Life leaving the structured settlement business in 2009, today’s Hartford press release suggests otherwise
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A number of current and former structured settlement annuity companies are listed in the 2011 Fortune World Most Admired list. Fortune World Most Admired list has been “the definitive report card on corporate reputations” since 1997. Leaders in the survey have been adjudged a leader by its peers.
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Was “his class action lawsuit” the actual reason that Hartford Life Insurance Company withdrew from the structured settlement annuity marketplace in October 2009? The evidence suggests otherwise.
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It was nice to read something good about The Hartford. Today Hartford announced that it will invest $7 million over five years to help redevelop the Asylum Hill section of Hartford, Connecticut, the state capital and corporate headquarters location of the insurer for almost 100 years.
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The owner of the structured settlement annuity is the party obligated to pay you. The annuity is a “qualified funding asset”. The settlement documents that you entered into when you settled your case will likely have expressly stated that you only have the right to receive the payments.
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If you’ve ever been curious of the amount of work that goes in to a class action and the fascinating way that attorney compensation is determined in such cases, you need look no further than the August 16, 2010 Declaration of one of the attorneys involved in the Hartford class action settlement
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Let’s recognize that the $72.5 million settlement represents a compromise. The plaintiffs, represented by skilled attorneys, made allegations of wrongdoing and worked to substantiate their case. After years of litigation and a mediation, the parties, for their own reasons, chose to settle.
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Hindert’smiscalculation of the amount of damages (as a scare tactic) in Spencer v Hartford, “made” professor Adam Scales “a household name”, and now emboldened by a proposed settlement to suggest that such case be “prostituted” and used as a threat to scare defendants into 468B trusts.
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Hartford has REPAID its US government bailout of $3.4 billion it took in June 2009. The company repurchased all of Hartford Financial Services Group’s preferred shares issued to the United States Treasury under the Capital Purchase Program (a/k/a Troubled Asset Relief Program, a/k/a TARP).