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 the nation’s only insurance product that transfers all the volatility associated with claims payments to a global A+ 15 rated insurer (S&P) for the optimally designed settlement. By working with Risk Settlements, companies save money, cap risk and remove all financial volatility and uncertainty arising out of class action settlements. As of July 1, 2015, Risk Settlements has provided risk transfer for over $70M in post loss class action settlement liability.