NEW YORK--(BUSINESS WIRE)--NFP Structured Settlements, Inc.’s Co-President Michael Goodman has been named president-elect of the National Structured Settlement Trade Association (NSSTA). Goodman has been with NFP for 9 years and in the insurance industry for 17 years.
Previously a board member of the NSSTA, Goodman will be responsible for running the organization, championing structured settlements and monitoring Congressional and state legislative activity that impact the settlement industry. The only trade association for structured settlements in the country, NSSTA helped launch a bipartisan caucus in Washington, D.C. that is comprised of more than 45 members of Congress.
“I’m thrilled to lead this organization and to continue to advance the shared causes of our 700+ members,” says Goodman. “Knowing that most structured settlement money is spent by the recipients within five years, I feel that one of the most important mandates of NSSTA is protecting injured parties and educating them about how to responsibly use their structured settlement funds.”
Goodman’s one-year tenure as president will begin in late March 2015. He will succeed Kevin Silo.
“Michael has earned a reputation as one of the most knowledgeable and successful structured settlement consultants in the country, and we enthusiastically support his election to become our next president,” said Eric Vaughn, Executive Director of NSSTA. “At a time when the industry is faced with challenges and tremendous opportunities, he brings an impressive level of professional experience, commitment and accomplishment to our industry and the Association.”
At NFP, Goodman works with clients throughout the country in an effort to resolve personal injury law suits by utilizing structured settlements and trusts. He also conducts seminars on the use of settlement annuities and how to maximize and protect public benefits.
Goodman is an attorney and certified structured settlements consultant. He holds a JD from the University of Florida College of Law and a Bachelor of Arts degree in history from Williams College.
National Financial Partners Corp. (NFP), along with its benefits, property & casualty and life insurance, and wealth management businesses, provides diversified advisory and brokerage services to companies and high net worth individuals.
NFP operates in three business segments. The Corporate Client Group provides corporate and executive benefits, property and casualty insurance, and retirement plans. The Individual Client Group provides retail and wholesale life insurance brokerage and wealth management advisory services. Advisor Services Group supports independent financial advisors by offering broker/dealer and asset management products and services.
Most recently, NFP was ranked by Business Insurance as the fifth-largest benefits broker by global revenue, fourth-largest U.S.-based privately owned broker and 11th-largest Largest Broker of U.S. Business. Plan Sponsor has named NFP the fifth-largest executive benefits provider of nonqualified deferred compensation plans by number of plans. The company also operates a top 10 independent broker/dealer as ranked by WealthManagement.com.