Understandably, CCI’s opinion about the unfolding AIG situation and its impact on structured settlements written through AIG’s life insurers has been requested of us all week. Our Vice President and General Counsel, Marty Jacobson, has spoken to countless callers. We would like to share Marty’s explanation with all of our clients.
"It is our considered opinion at CCI that all structured settlement annuities issued by the two AIG life insurance subsidiaries offering this type of annuity with a "Qualified Assignment" are safe, and will continue to pay 100% of all annuity benefits to BOTH plaintiffs and to those attorneys who are recipients of structured attorneys' fees."
Marty is a licensed attorney in New York and New Jersey with extensive trial experience in both the state and federal courts. Marty is a renowned lecturer on structured settlements and periodic judgments and regularly presents seminars to the bench, bar association groups and law firms. CV