We have recently assisted plaintiff’s council and their
clients with settling several cases involving Nationwide Insurance as the
defendant insurer. In each of these cases our plaintiff attorney client’s told
us that the defense council were adamant about Nationwide placing the
structured settlement annuity WITH Nationwide Insurance. This would be very
difficult since Nationwide does not have their own structured settlement
annuity product. What the defense was
really saying is that they wanted their structure broker to get the entire
commission on the case. I’m sure they don’t really know that, however, that is
what Nationwide tells them to say. Defense council even indicated that they
were willing to pay more to settle the case if Nationwide could place the
entire annuity with “their” company (i.e., their broker). These kinds of games
are going WAY back to the origins of the structured settlement business in the
1980’s when the defense would CLAIM “we can’t tell you the cost of th…
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