by John Darer CLU ChFC MSSC CeFT RSP CLTC
Structured settlement annuities had a RECORD 4th quarter of 2022, as increasing awareness of rising interest rates looking good against a volatile stock market, plummeting crypto and hard work by industry members, catapulted industry production to close to its all time record achieved in 2019. The structured settlement primary market produced $779.5M in December 2022 to end Q4 2022 with $2.075B in production. The total for 2022 was $6.025B according to industry sources.
How Structured Settlement Industry Was Affected in Covid Era
Despite a return to structured settlement production highwater mark to the north of $6B in 2018 and the all-time record in 2019, the rapid deceleration in interest rates in the early part of the Covid-19 pandemic, together with court closures that constricted the supply line of cases coming up for trial, played a role in the drop in structured settlement industry wide production.
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