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December 31, 2010

Tulsa Blowhard Dick Risk Takes Debatable Credit for The Harftford Business Decision

by Structured Settlement Watchdog®

Tulsa Lawyer Dick Risk, a blowhard who took debatable credit for "his class action lawsuit" taking down Hartford Life Insurance Company's structured settlement annuity program, publishes an annuity chart that includes Hartford Life as a structured settlement resource for clients which presumably include other lawyers, plaintiffs and structured settlement brokers. 

Should the Bemoaner Be Bemoaned?

On November 11, 2010  Dick Risk spoke before a group of settlement purchasers on a panel with the structured settlement watchdog and bemoaned what he alleged was a 30 year old business model. Yet on THIS display shouldn't the "bemoaner" Risk be the "bemoaned" ? After all his annuity chart contains a copyright from 2007.  It's just about 2011!

In my opinion the annuity chart (as of 12/31/2010) presented on the Risk Law Firm website SHOULD NOT be relied upon  by anyone, as it includes  numerous errors, such as:

1. Companies no longer writing structured settlements

  • 3*      * one company merged with another and the surviving entity is writing so not counted

2. Incorrect financial ratings for life insurance company or qualified assignment company

  • 14  (in may cases more than one incorrect rating per company)

3. Incorrect qualified assignment company or name of company

  • 3

4. Incorrect qualified assignment fee

  • 1

5. Incorrect guarantor listed

  • 1

Should we cut this industry "legend"  Risk some slack because he was wrapped up"beating up the bad guys" , even though his son is an active structured settlement broker? or should we pardon my irreverence to Risk (who in his pomp was as prolific as this author), for continuing to promote this misinformation about structured settlements?

 

Posted at 06:27 PM in Financial Literacy, Misinformation About Structured Settlements, Oklahoma Structured Settlements, Richard B. Risk, Jr. | Commentary About Dick Risk and his Positions, Risk Law Firm, Structured Settlement Watchdog® |

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