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, now 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!
Risk Website Errors
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
Does this industry “legend” deserve some slack because
- Risk claimed credit for Hartford’s business decision.to suspend sales of strctured settlement annuities in 2010 (suspension of sales occurred in 2009), tying it to ” his lawsuit”, a spin that moits his co-counsel? Hartford resumes structured settlmeent annuity sales in 2011.
- Risk was wrapped up helping to “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 misinformation about structured settlements?
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