A disruptive online platform offers an ethical and efficient option for selling and buying structured settlement future payments
FOR IMMEDIATE RELEASE
September 13, 2019
BUFFALO, N.Y. – CrowFly is an online platform that redefines how structured settlements are sold and bought. This innovative platform breaks away from the industry standard and streamlines the buying and selling process by removing the middleman and connecting settlement sellers and eligible buyers.
Each year, it is estimated that $1.8 billion in future structured settlement payments are sold for only $600 million — less than half their present-day value. Unlike other industry players, CrowFly provides sellers with an instant online estimate for their payments and gives buyers access to verified assets with up to a 5 percent yield.
Structured settlements are future periodic payments that some plaintiffs elect to receive instead of a lump sum settlement after concluding their personal injury claim. Those with structured settlements sometimes need to sell future payments to cover an emergency or immediate cost.
Buying these structured settlement future payments can be a good investment opportunity for individu- als already looking at annuities or other fixed income assets. This is in part due to the fact that future pay- ments are most often generated through immediate annuities from top tier insurance companies.
The idea for CrowFly came to CEO John Bair in 2017. More than 20 years of experience in the settlement management industry revealed to him the need for a company that functioned as a transparent buying and selling platform rather than as a dollar-hungry middleman.
“The secondary structured settlement industry is ripe for disruption, with companies taking advantage of buyers and sellers — buying settlement payments for a steep discount and then adding a significant markup for buyers,” said Bair. “As a result, both buyers and sellers often get far less than they deserve. But it does not have to be that way.”
Bair connected with Nita Bhatia, chief of staff, and Tony Barnes, chief technology officer, in order to create CrowFly from the ground up. The platform officially went live Sept. 12, 2019, at www.crowfly.com.
“We have worked hard to develop a secure, streamlined, and high-performing platform that will delight both buyers and sellers,” said Barnes. “At CrowFly, we are proud to make buying and selling structured settlement payments an easy, ethical, and informed process for all parties involved.”
“Plain and simple, people deserve an experience that makes it easy to sell and buy structured settle- ments,” said Bhatia. “We’ve received overwhelmingly positive feedback from our customers, and we’re confident CrowFly will quickly become a leading resource to help people across the country navigate the complex process of selling and buying structured settlement payments.”
Sellers and buyers can call 833-276-9359 (833-Crowfly) for more information or visit www.crowfly.com to register for a free account and get started today.
CrowFly is the first user-friendly, online platform for selling and buying structured settlement future pay- ments. Dedicated to creating an experience that is easy, fast and transparent, CrowFly is designed to con- nect investors to verified assets available in all 50 states in the U.S. Established in 2017, CrowFly’s founders bring to the table decades of experience in structured settlement litigation and technology. As a consci- entious nationwide marketplace, CrowFly is redefining how structured settlements are sold and bought. Learn more at www.crowfly.com.
A West Point graduate where he served as captain and military aviator, John Bair continues his commitment to our country through his efforts within the settlement planning industry. He has represented families of victims lost in the Flight 3407 crash, offered pro bono services to the families of 9/11 victims and drafted the first consumer protection bill for plaintiffs (H.R. 3699).