Recently, California Governor Newsom signed a bill amending the Medical Compensation Reform Act (MICRA), which addresses medical malpractice claims in California, the first changes made to MICRA since the act was passed in 1975.
Legacy Workers’ Compensation claims are cases that have been aging for months, years, or even decades. These claims are often difficult to resolve and earn their place under the title "legacy,” also known as “aged pending claims.”
On March 8, 2023, the Centers for Medicare and Medicaid Services (CMS) sent a letter to all state Medicaid Directors in the United States suggesting they create or update their state plans to assert Medicaid Liens whereby monies have been paid on behalf of Medicaid Beneficiaries who have Third Party Liability Claims.
Integrated Financial Settlements continues to lead the industry in reducing risk and improving client confidence in compliance and security.
News of the Gallardo case ruling by the Supreme Court regarding Medicaid liens has circulated recently in our industry. Arcadia Vice Chair John McCulloch analyzed the ruling and its impact on our business.
In this article from Claims Journal, Arcadia's Dave Korch talks about using client advocacy as a way to build trust, and conducting a needs-based analysis to ensure that injured workers receive the best settlement possible. He also highlights two real case examples to show the versatility and flexibility of structured settlements when providing for the needs and interests of injured workers.
Combining the strength of best-in-class consultants, innovative products and services, and deep industry expertise, Arcadia Settlements Group, Inc. (Arcadia) and Structured Financial Associates, Inc. (SFA) have combined forces to accelerate the evolution of the structured settlements industry in support of plaintiffs, defendants, insurers and attorneys. SFA will formally become part of Arcadia effective January 1, 2020.
Attorney Lindsay Tygart discusses the importance of protecting clients' financial futures post settlement, and details why she chooses structures (and Arcadia's Nathan Evans) to get the job done.
If Einstein had difficulty understanding income tax, imagine how a claimant feels after having to pay tax on their attorney’s fees, of which they would never see a penny!
The Tax Cut and Jobs Act of 2017 (the "Act") was signed into law by President Trump on December 22, 2017 and contains some of the most sweeping tax changes to the Internal Revenue Code seen in decades. While these changes have no direct impact on structured settlements or the taxation of most types of claims, there are a number of changes that have a significant impact on defendants and plaintiffs. Arcadia's John McCulloch explains.