Plaintiff attorneys are becoming increasingly aware of the many advantages of retaining their own “plaintiff-loyal” expert to represent their clients in the process of designing, selecting, and purchasing a structured settlement annuity. Likewise, plaintiff attorneys are becoming increasingly concerned about the pitfalls of relying on the representations of a structured settlement broker hired by the defendant casualty company.
Many casualty companies and defense-loyal structured settlement brokers still believe they have the right to dictate to the plaintiff the terms of a structured settlement annuity. Many casualty companies insist on using their “approved broker” exclusively to handle the structured settlement transaction. These “approved brokers” are required to play by the casualty company’s rules in order to continue to receive that casualty company’s business in the future.