Structured Settlements 4Real®Blog 2026

Structured settlements expert John Darer reviews the latest structured settlements and settlement planning information and news, and provides expert opinion and highly regarded commentary. that is spicy, Informative, irreverent and effective for over 20 years.

by Structured Settlement Watchdog

In 2003, insurance agent and AIG antagonist Richard B. Risk implied to colleagues that he may have had his own thing to hide when he was an insurance agent. While

Can of worms

AIG antagonist, attorney Dick Risk was worried about opening a can of worms as an insurance agent in 2003.

collaborating on a draft press release for the Society of Settlement Planners that among other things questioned the ethics of insurers purported use of unlicensed claims adjusters to market and sell structured settlements:

 "This may open a can of worms. All of us, I believe, have on occasion relied on the subtlety of the transaction to hide the fact that we may not be licensed in the state where the claimant resides".

-  Richard B. Risk SSP Quick Topic March 3, 2003 9pm, discovered and retrieved in the public domain in October 2005 and May 2006 on the Yahoo search engine.  

About 5 years earlier as an insurance agent, Dick Risk viciously went after a female competitor in Oklahoma over the issue he describes as a "can of worms", that he implied to colleagues that he had on occasion relied on.

The above statement was made less than a year prior to Dick Risk ascribing his signature to a declaration under penalty of perjury that made statements that conflicted with statements made on Dick Risk's company website.

Richard B. Risk, Jr, and his son Robert A. Risk,  appear on the Department of Justice Annuity broker list for 2004  [ see page 11 on Download DOJ List of Structure Brokers  2004-2006] This means that Richard B. Risk, while simultaneously a member of the Oklahoma Bar and a licensed insurance agent would have had to have signed the 50.24 declaration, under the federal penalty of perjury, attesting to his substantial experience providing structured settlement services to defendants in each of the preceding 3 years at some point in 2004

Here's what the Risk website said in the 3 preceding years

  • March 9, 2001    " We specialize in serving claimants"
  • July 23, 2002    "We specialize in serving claimants"
  • March 24, 2003 " Structured Settlement Services Is a full-service plaintiff structured settlement firm"
  • February 24, 2004 Ditto

Res Ipsa…

 

 

 

Posted in

Discover more from Structured Settlements 4Real®Blog 2026

Subscribe now to keep reading and get access to the full archive.

Continue reading