Tag #Personal Injury Lawsuits

What factors contributed to the record-high value of structured settlements in 2024, and what are the immediate implications for plaintiffs and the legal industry?

In 2024, structured settlements reached a record $9.48 billion, a 10% increase from 2023 and a 58% surge from 2022. This growth is driven by plaintiffs seeking long-term financial security and tax benefits, as structured settlements offer guaranteed payments and tax advantages compared to lump-sum settlements.