by Structured Settlement Watchdog®
SSQ, currently a defendant in a Connecticut lawsuit over deceptive business practices, continues to target American consumers with misleading information about Berkshire Hathaway Life Insurance Company of Nebraska (BHLN) and other life insurers issuing structured settlement annuities.
SSQ has continued to falsely state for almost 8 months that Berkshire Hathaway has a negative outlook on the structured annuity issuer which is rated AA+, Standard & Poors second highest financial strength rating. On June 23, 2014, S&P actually assigned a stable outlook to the structured annuity issuer BHLN, and on August 27, 2014 published the following about BHLN:
"Extremely strong competitive position based on well-diversified mix of insurance and reinsurance businesses and diversified noninsurance subsidiaries Leadership in U.S. personal auto segment and global reinsurance sector supports its competitive position"
SSQ is not a reliable source for ratings of insurance companies. SSQ and/or the people/entity who/which own and/or control of that website have the potential to benefit from hijacking and diverting web traffic from the brands of established insurance companies with the clear goal of dominating key word searches that pair "structured settlement quotes" with the name of any insurance company whether or not the insurer issues or has issued structured settlement annuities**.
In June 2012, a Canadian company, Genex Strategies, Inc. contracted with Nicholas John Jackson, a Missouri resident, part of whose work was to compile ratings of insurance companies as part of a revamp of the SSQ website located at the URL structuredsettlement-quotes.com. Jackson's work found its way onto the SSQ website between July 2012 and September 2012. Upon information and belief the domain and website was acquired by one of the Proctor led entities in 2011. Jackson interfaced directly with Genex CEO Roger Proctor and COO Boris Drubetsky according statements he made to me, and copies of communications between him and Drubetsky and Proctor that he voluntarily supplied after Jackson's relationship with Genex ended at the end of September 2012.