In this weeks edition of Speaking of Settlements, Mark Wahlstrom looks at the past history of the structured settlement profession and compares it to some current trends, specifically the concentration of power in the hands of a few life companies and powerful structured settlement brokerage firms. Past history has shown that when ever the scale of balance tips too far in the direction of one side in the profession, abuses occur and old scores tend to be settled. Mark expresses his concern that the 468B settlement fund is being quietly undermined by defense interests who would like to see all single claimant cases eliminated. The concern is that a covert attack on the premise of 468B trusts could lead to further restrictions that would undermine the mass tort and multi-claimant markets.
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