lump sum settlement News

Ouch. Massachusetts Worker Shoulders Burden of Injury Omitted From Lump Sum

A Massachusetts woman who signed a lump sum settlement with her workers’ compensation carrier over a right shoulder injury cannot later obtain benefits for a left shoulder injury linked to the same incident because she did not specifically mention the …

Federal Agents Raid Settlement Payments Firm Imperial Holdings

Imperial Holdings’ shares plunged as much as 75 percent Wednesday, a day after federal investigators raided the offices of the company, which makes lump-sum payments to buy life insurance policies and structured legal settlements. The shares fell as low as …

Washington Senate Passes Workers Compensation Change Opposed by Labor

The Washington state Senate approved a measure Saturday that would drastically change the state’s workers compensation system by establishing an option for lump sum settlements. The 34-15 vote was a significant win for the business lobby, which has been trying …