Defendants are Not Obligated to Cover Annuity Payments in the Case of Carrier Insolvency

February 10, 2021 by Faegre Drinker Biddle & Reath LLP

Structured settlements most often take the form of fixed payment annuities, for the most part funded by the tort defendant (or its liability insurer) in a wrongful death or personal injury suit, but are the resulting periodic payments always guaranteed to be paid in full? Not necessarily.

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Originally Posted at JD Supra on February 1, 2021 by Faegre Drinker Biddle & Reath LLP.