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METROPOLITAN LIFE INS. v. STRUCTURED ASSET

NO. 14-15-00584-CV.

501 S.W.3d 706 (2016)

METROPOLITAN LIFE INSURANCE COMPANY and Metropolitan Tower Life Insurance Company, Appellants v. STRUCTURED ASSET FUNDING, LLC d/b/a 123 Lumpsum; Andrew Jonathan Settlement Fund, LLC; and Bradley Turpin, Appellees.

Court of Appeals of Texas, Houston (14th Dist.).

Opinion filed August 25, 2016.

Attorney(s) appearing for the Case

Patrick B. Larkin , Pearland, TX, for Appellants.

Earl S. Nesbitt , Joseph Brian Dear , Addison, TX, for Appellees.

Panel consists of Justices Boyce, Christopher, and Jamison.

OPINION

Personal-injury claims frequently conclude with a structured-settlement agreement in which the parties agree that, instead of receiving compensation for the injury in a single lump sum, the claimant will receive periodic payments. The tortfeasor's liability insurer often arranges for these periodic payments...

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