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News & Insights

Keep Up with Risk Settlements News, Blogs, Thought Leadership & Case Studies

Did Congress Go Too Far?

Many federal statutes, including the Fair Credit Reporting Act, have provisions allowing for a recovery of statutory damages. But what happens when there is no concrete injury, as in the Robins v. Spokeo, Inc., case? The question then becomes whether statutory damages rises to the qualification of “injury in fact” under Article III for the purposes of certification in class action litigation.

Learn more about the Robins v. Spokeo, Inc., case, “injury in fact,” and what it means for future statutory class action cases by downloading the full “Did Congress Go Too Far?” article below.

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Class Action Litigation is Affecting Entire Industries

Did you know that many states limit how much healthcare and records management companies can charge patients for a copy of their medical records and bills? Did you know that the amounts charged vary for paper and electronic records? Many lawyers who specialize in class action lawsuits know all about these rules and are taking aim at companies over the costs to consumers. Considering a period of several years, the costs of these class actions can total millions of dollars in refunds and fees, but risk transfer insurance can help.

Learn more about the healthcare industry’s class action vulnerabilities through the Solon v. Midwest Medical Records Associates, Inc. case and how CASI could have helped mitigate the liability involved by downloading the full Class Action Litigation article below.

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Steven Schienvar Joins Risk Settlements as Managing Director

DALLAS, July 14, 2015 /PRNewswire/ -- Risk Settlements is proud to announce that Steven Schienvar has joined the company as a Managing Director. Prior to joining Risk Settlements, Steven spent 13 years at AIG in various positions including President of AIG's assumed reinsurance division (AIG Re) and EVP COO & Chief Risk Officer of AIG Risk Finance, an alternative solutions insurance group. "We are thrilled to have an industry veteran like Steven join our organization. His quantitative and qualitative underwriting expertise enables us to provide a higher level of risk assessment and more risk transfer options," says Joel Fineberg, co-founder. "I'm very excited to join an innovative group that designed the nation's first post-loss class action settlement insurance product (CASI) available in the market place. Our proprietary algorithms, industry-leading database and unique approach to settlement design create effective solutions for companies facing intractable class action liability," said Schienvar. About Risk Settlements:...

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Risk Settlements Opening Additional Distribution Channels

DALLAS, July 6, 2015 /PRNewswire/ -- Risk Settlements has announced that it is in in discussions with multiple new distribution channels to market its innovate class actions settlement insurance (CASI) product. These channels include retail brokers, risk management firms and other financial services entities. "We have seen a tremendous increase in interest of the CASI product in the first two quarters of 2015 not only from companies looking at the product to solve their litigation issues, but also from distribution channels looking to market the product" said David Diamond, Managing Director of Risk Settlements. The Company plans to add additional marketing channels in the third and forth quarters of 2015. Risk Settlements, the industry leader in class action settlements, evaluates settlement options and customizes the optimal settlement structure that will reduce risk and translates into immediate cost savings. In order to lock in the savings, Risk Settlements designed CASI, which is...

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Class Action Managing General Agency Selects Marsh as Exclusive Broker

DALLAS, Nov. 19, 2014 /PRNewswire/ -- Class Action Managing General Agency (CAMGA), an industry leader in class action risk assessment, consulting and insurance, has selected Marsh, a global leader in insurance brokerage and risk management, as the exclusive broker for its Class Action Settlement Insurance. CAMGA developed Class Action Settlement Insurance (CASI) to bring certainty to an uncertain world of class action settlements. CASI offers up to $100 million in coverage for the monetary portion of an insured's class action settlement and is underwritten by a leading A-rated carrier. To date, companies have already insured millions of dollars in class action claims made settlements using this unique coverage. Along with its affiliate Class Action Insurance Consultants, "We provide guidance and solutions," says Founder and President Joel M. Fineberg. "Our team of lawyers, actuaries and consultants use a data-driven approach to advise companies on risk mitigation strategies for class action settlements. Armed with...

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