Search
 

Structured to Succeed

At many property and casualty companies, structured settlements have gained a solid following. Yet, many claim professionals still hesitate to incorporate them into negotiations.

By Raymond Blanchfield | Updated on August 10, 2005

At many property and casualty companies, structured settlements have gained a solid following. Yet, many claim professionals still hesitate to incorporate them into negotiations. This shuts off a viable settlement option, as an outside structured settlement consultant is, essentially, a free resource to help settle open cases.

Some of this hesitancy probably stems from a misunderstanding of structured settlements’ role in the claim process. Typically, they are not substitutes for cash settlements, although there are exceptions. Rather, a structured settlement is most effective when used as a complement to cash, a replacement for that part of the settlement designed to compensate future needs.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.