Risk International, founded in 1986, is a risk management consulting firm.May 8, 1987, The Brownfields Report, Buried Treasure: Insurance Archaeology, Claims Recovery, Vol. 2 No. 9, p.1March 29, 2010, Business Insurance, Risk International Services enters European Market, p. 17 It services clients in the areas of outsourced risk management,

claims Claim may refer to: * Claim (legal) * Claim of Right Act 1689 * Claims-based identity * Claim (philosophy) * Land claim * A ''main contention'', see conclusion of law * Patent claim * The assertion of a proposition; see Douglas N. Walton * A righ ...

recovery,

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...

archaeology, benefits advisement, actuarial services, loss prevention and mitigation. Headquartered in Fairlawn,

Ohio Ohio () is a state in the Midwestern region of the United States. Of the fifty U.S. states, it is the 34th-largest by area, and with a population of nearly 11.8 million, is the seventh-most populous and tenth-most densely populated. The sta ...

, the company also has offices in

Charlotte Charlotte ( ) is the List of municipalities in North Carolina, most populous city in the U.S. state of North Carolina. Located in the Piedmont (United States), Piedmont region, it is the county seat of Mecklenburg County, North Carolina, Meckl ...

North Carolina North Carolina () is a state in the Southeastern region of the United States. The state is the 28th largest and 9th-most populous of the United States. It is bordered by Virginia to the north, the Atlantic Ocean to the east, Georgia and So ...

Charleston, South Carolina Charleston is the largest city in the U.S. state of South Carolina, the county seat of Charleston County, and the principal city in the Charleston–North Charleston metropolitan area. The city lies just south of the geographical midpoint o ...

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

and

Ho Chi Minh City , population_density_km2 = 4,292 , population_density_metro_km2 = 697.2 , population_demonym = Saigonese , blank_name = GRP (Nominal) , blank_info = 2019 , blank1_name = – Total , blank1_ ...

Company Overview

In 2016, 2015, and 2010, Risk International has been recognized as one of the fastest-growing companies in Northeast Ohio as a member of the Weatherhead 100 presented by

Case Western Reserve University Case Western Reserve University (CWRU) is a private research university in Cleveland, Ohio. Case Western Reserve was established in 1967, when Western Reserve University, founded in 1826 and named for its location in the Connecticut Western Reser ...

’s

Weatherhead School of Management The Weatherhead School of Management is a private business school of Case Western Reserve University located in Cleveland, Ohio. Weatherhead offers programs concentrated in sustainability, design innovation, healthcare, organizational behavior, gl ...

with Ohio's

Council of Smaller Enterprises The Council of Smaller Enterprises, known as COSE, is a division of the Greater Cleveland Partnership and an organization that coordinates the activities of and provides resources and advocacy for small businesses in the Greater Cleveland area. It ...

(COSE). The firm was 28th on the 2016 Weatherhead 100 list. In 2010, the firm received the Silver Circle Award for the Best Risk Management Consultant in Business Insurance's 2010 Readers Choice Awards for the fourth consecutive year. In 2011 the firm was ranked as the third largest independent U.S. risk management consultant by Business Insurance magazine.

History

Risk International's parent company was formed in 1985 when Zapata Corporation, an offshore drilling and marine services company, spun off its risk management department.February 6, 1998, Houston Business Journal, Insurance archeologists find billions in old policy limits: Environmental cleanups financed with forgotten insurance policy coverage, Vol. 27, No. 38, p. 27A. Under the direction of Del R. Jones, Risk International was organized and gained its first client in 1986 when BFGoodrich, now

Goodrich Corporation The Goodrich Corporation, formerly the B.F. Goodrich Company, was an American manufacturing company based in Charlotte, North Carolina. Founded in Akron, Ohio in 1870 as Goodrich, Tew & Co. by Benjamin Goodrich, the company name was ch ...

, outsourced its entire risk management department to Risk International.Elizabeth Kirschner, June 9, 1997, Chemical and Engineering News, Digging for Environmental Insurance, Vol. 75, p. 18Lynn J. Cook, February 6, 1998, Houston Business Journal, Insurance archeologists find billions in old policy limits: Environmental cleanups financed with forgotten insurance policy coverage, Vol. 27, No. 38, p. 27A. Because of its roots in the

petrochemical industry The petrochemical industry is concerned with the production and trade of petrochemicals. A major part is constituted by the plastics (polymer) industry. It directly interfaces with the petroleum industry, especially the downstream sector. Compan ...

Risk International's core competency was asset risk management and insurance claims resolution. As Risk International continued to hire experienced legal and insurance industry executives, it expanded its capabilities to include insurance archaeology, loss prevention and

enterprise risk management Enterprise risk management (ERM) in business includes the methods and processes used by organizations to manage risks and seize opportunities related to the achievement of their objectives. ERM provides a framework for risk management, which typic ...

. Throughout the 1990s Risk International developed expertise in long-tail claims resolution with

Fortune 500 The ''Fortune'' 500 is an annual list compiled and published by ''Fortune'' magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years. The list includes publicly held companies, along ...

companies.Tom Vander Neut, August, 1997, Risk & Insurance, Out of the Past. During that period Risk International also did extensive research related to

Holocaust The Holocaust, also known as the Shoah, was the genocide of European Jews during World War II. Between 1941 and 1945, Nazi Germany and its collaborators systematically murdered some six million Jews across German-occupied Europe; a ...

survivor insurance claims culminating in testimony before the

U.S. House of Representatives The United States House of Representatives, often referred to as the House of Representatives, the U.S. House, or simply the House, is the lower chamber of the United States Congress, with the Senate being the upper chamber. Together they ...

and the

New York State Senate The New York State Senate is the upper house of the New York State Legislature; the New York State Assembly is its lower house. Its members are elected to two-year terms; there are no term limits. There are 63 seats in the Senate. Partisan com ...

. Risk International is headquartered in Fairlawn,

where BFGoodrich, now

, maintained its worldwide headquarters. Risk International opened another office in Charlotte, North Carolina to support the growth in that region of the US marketplace. In 2002, Del R. Jones retired from the business and Douglas L. Talley was named chairman and CEO of Risk international. After seven years, Michael D. Davis was named CEO while Talley retained his title of chairman. Today, Dave O'Brien serves as chairman of the board, Michael Davis as vice chairman and Doug Talley continues to serves as a member of the board. In 2010, Risk International opened its first international office in

to expand its capabilities in the European marketplace. Since then, Risk International has opened another international office in

Awards and Rankings

2017

* 29th on Weatherhead 10
List

2016

*28th on Weatherhead 10
List
*870 on INC. 5000 Fastest Growing Private Companies i
America

2015

*39th on Weatherhead 10
List

2011

*3rd Largest Independent U.S. Risk Management Firm *Best's Recommended Expert Service Provider

2010

*Business Insurance Readers Choice Silver Award *3rd Largest Independent U.S. Risk Management FirmDecember 20, 2010, Business Insurance, Largest Independent U.S. Risk Management Consultants, p.24October 18, 2010, Business Insurance, Largest Independent U.S. Risk Management Consultants, p.12 *Weatherhead 100 Recipient

2009

*Business Insurance Readers Choice Silver AwardNovember 16, 2009, Business Insurance, Readers Choice Awards 2009 *3rd Largest Independent U.S. Risk Management FirmSeptember 21, 2009, Business Insurance, Largest Independent U.S. risk management consultants, p.12

2008

*Business Insurance Readers Choice Silver Award *5th Largest Independent U.S. Risk Management Firm

2007

*Business Insurance Readers Choice Second Runner-up

2006

*3rd Largest Independent U.S. Risk Management Firm

In the News

Holocaust and Kristallnacht Victims

In 1998, Risk International's then vice-president Douglas L. Talley provided expert testimony and evidence before the

and evidence before the

related to the discovery and examination of historical documents related to

victims insurance policies. Based on this evidence, he asserted that the victims of the

were the target of a Nazi scheme to confiscate insurance benefits, and beginning with

Kristallnacht () or the Night of Broken Glass, also called the November pogrom(s) (german: Novemberpogrome, ), was a pogrom against Jews carried out by the Nazi Party's (SA) paramilitary and (SS) paramilitary forces along with some participation from ...

, insurance companies conspired to deny claims to German Jews. Upon conclusion of its investigations the

United States Congress The United States Congress is the legislature of the federal government of the United States. It is bicameral, composed of a lower body, the House of Representatives, and an upper body, the Senate. It meets in the U.S. Capitol in Washing ...

New York Senate The New York State Senate is the upper house of the New York State Legislature; the New York State Assembly is its lower house. Its members are elected to two-year terms; there are no term limits. There are 63 seats in the Senate. Partisan compo ...

and other states passed legislation that paved the way for victims to recover monetary damages from still-existing companies and organizations.

International Expansion

In March, 2010, Risk International announced the opening of its first international office in

. The UK-based team will serve its European clients and pave the way for growth within the E.U. market. Less than 18 months later, Risk International announced the opening of its second international office in

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...

. At the same time it announced a new site security service offering.

References

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External links

Official Corporate SiteWeatherhead 100 Site
Management consulting firms of the United States Management consulting firms of the United Kingdom International management consulting firms Privately held companies based in Ohio Companies based in Cleveland Consulting firms established in 1986 Risk management companies 1986 establishments in Texas