NY Structured Settlement Bill Signed into Law

New York Governor George Pataki (R) last week signed into law the structured settlement bill that will make it more difficult for structured settlement recipients to become unwitting victims of unscrupulous factoring companies.The bill, sent to the Governor's desk July 10, is supported by the American Insurance Association to provide protection for the recipients of structured settlements. "This legislation will provide real protection for New Yorkers who are receiving structured settlement payments," said Michael Murphy, AIA assistant vice president, northeast region. "Too often these peopl...