One of our biggest goals at NSSTA is to keep settlement payments income tax-free for victims of injury and illness. We work to accomplish this by educating our elected officials on the benefits of structured settlements. Through the efforts of NSSTA and our members we continue to build a team of advocates and allies that support the use of structured settlements as a tool for financial security.
As an organization, it is important to us that the value of structured settlements as part of a settlement plan is promoted and protected. Our entire membership works hard to ensure that once these settlement plans are in place for injury victims, they are not unraveled by companies using predatory tactics to target our claimants. The uphill battle we sometime face is made easier by our strong industry partnerships. Today we would like to highlight the partnership we have formed with the National Consumers League (NCL), and thank them for their contribution.
As the new Communications and Marketing Director at NSSTA, my goal is to promote NSSTA and all our members as the go-to resource for Structured Settlements information and expertise. By making our work more visible to external audiences, we can raise awareness about the difference between using structured settlements as part of a comprehensive settlement plan to benefit claimants, and the predatory factoring that people think of when they hear the words "structured settlement."
On March 23, more than 50 structured settlement industry leaders attended the 2016 American Association of People with Disabilities Leadership (AAPD) Awards Gala in Washington, DC. This year, 22 members of the National Structured Settlements Trade Association (NSSTA) contributed $80,000 to the AAPD.
On March 16 The Washington Post printed an editorial titled, “Maryland lawmakers should crack down on the structured-settlement industry to prevent the theft of poor people’s futures.”
At the start of every New Year, nearly everyone makes New Year’s Resolutions, identifying the things they want to achieve in the New Year and the goals they want to accomplish. At the end of last year, Michael Goodman, President of the National Structured Settlements Trade Association, announced his New Year’s resolutions for the structured settlements industry, in an article published on-line by Life Health Pro, on December 16, 2015.
For years, structured settlement industry leaders from all across the country made it clear that they were concerned about losing the structured settlement brand and they want to take it back from the factoring companies. The National Structured Settlements Trade Association listened to our members and implemented a multifaceted action plan to strengthen State Structured Settlement Protection Acts, identify new opportunities that expand the use of structured settlements, adopt innovations to strengthen the structured settlement professio