X hits on this document

6 views

0 shares

0 downloads

0 comments

2 / 3

remembered.

Her love of books and her very unusual background allowed her to rise through the ranks quickly and gave her lots of opportunities to serve on many committees such as accounting, product development, investment, etc.

The senior vice-president Casualty and president of

of Ohio the life

company

proposed

financing

claims

with periodic payments.

Meyers did

the research and wrote the company’s internal white paper on structured settlements. Periodic payments provide a way to settle claims by dissipating risks. When a catastrophically injured person receives a lump sum payout, there is a

temptation

not

unlike

what

happens

when spend

someone hits the lottery to all their windfall in one fell

swoop

buying

big-ticket

items

like

houses and cars. When persons permanently disabled and can

are no

1987 Chartered Property Casualty Underwriter

FEATURE

I prayed to God

for an angel and God

s e n t m e y o u . K A R E N M E Y E R S 7 8 W I T H O H I O G O V E R N O R R O B E R T T A F T A N D M I C H A E L L A W L E S S , S R . V I C E P R E S I D E N T A N D C E O O F F I N A N C I A L SETTLEMENT SERVICES, INC. AT THE SIGNING OF THE STRUCTURED SETTLEMENT PROTECTION ACT.

longer work, they would then be left with no income for life. Periodic payments were devised to dissipate that risk.

California Congressman Jim Corman, who helped forge the federal law governing structured settlements, told Meyers she “was on the side of the angels.”

She continues her angelic advocacy as partner in Little, Meyers, Garretson, and Associates, Ltd. and as board member of the National Structured Settlement Trade Association doing plaintiff and defense work in facilitating financial planning for settlement dollars. Her approach to her work with the catastrophically injured is to look not only at the bottom line of replacing lost earnings and securing rehabilitation and medical services, but at a total life care plan that helps the individual restore some of his or her special interests – “the things that make someone’s life

happy.” She once searched out a voice-activated fishing pole for a spastic quadriplegic who retained some gross motor skills and then incorporated the purchase of that into the settlement agreement.

Her tactics may be a bit unconventional at times as when she demonstrated a point in a very ostentatious, some might even say outlandish way. Such was the situation at one settlement conference when she filled a bucket with dollars to illustrate the trust part of the settlement and displayed a photo of a handicapped- equipped car to illustrate the need for the purchase of a similar replacement vehicle every five years. She also presented photos of a woman coming out of a beauty shop to indicate the importance of the injured man’s wife retaining the financial ability to get her hair and nails done as she had been accustomed to doing once a month.

The injured man in that case was

1990 Xavier University – post-graduate work in hospital administration

1994 University of Notre Dame – Certified Structured Settlement Consultant (co-developer and curriculum designer)

5

Document info
Document views6
Page views6
Page last viewedThu Oct 27 21:26:53 UTC 2016
Pages3
Paragraphs78
Words1529

Comments