Stellar Recovery Announces Cutting-Edge Risk Management And Compliance Model

John G. Schanck, Chairman of Stellar Recovery, Inc. is pleased to announce the development and implementation of a cutting-edge risk management and compliance model, new to the industry. Stellar Recovery has contracted with a Florida law firm, the Assurance Law Group, which will be dedicated exclusively to serving the legal needs of Stellar Recovery, Inc. Together, Stellar Recovery and Assurance conducted an exhaustive analysis of historical risk trends, emerging legislative and regulatory environments, industry litigation challenges, and, more importantly, Stellar Recovery’s clients’ concerns and service expectations in the Accounts Receivable and Debt arena. The result is a relationship designed from the ground up to manage risk specific to Stellar Recovery, and with Assurance in fluid interaction with Stellar Recovery Operations.

Recognizing that highly regulated industries are frequently the target of opportunistic litigation, Stellar Recovery adopts a proactive rather than reactive strategic risk model. This business model combines the advantages of in-house legal services with those of the traditional outside law firm relationship. It is a risk management and legal model proven successful in multiple other industries for over 20 years, now modified to meet Stellar Recovery’s needs.

In addition to Assurance defending Stellar Recovery in all matters of litigation, every Stellar Recovery client will know that Stellar Recovery, through its relationship with Assurance, is and will remain at the forefront of regulatory compliance.  Every risk exposure will be steadily analyzed and loss matrixes created to identify favorable procedural changes to better serve all client levels. The strategic reduction of risk-related expenses will benefit not only Stellar Recovery, but will also comfort all Stellar Recovery clients with the knowledge that accounts placed with Stellar Recovery will be managed with heightened emphasis on insulating the client from legal risk.

“Our relationship with Assurance means Stellar Recovery will lead the industry in responding to the organized attacks on our industry. We will not accept unwarranted claims as simply an unavoidable cost of doing business. The accounts of our clients will be efficiently and effectively processed, with legal oversight at all levels, thereby reducing losses and increasing forecasting and profitability for Stellar Recovery, and client alike,” said Garrett Schanck, CEO of Stellar Recovery, Inc. “In addition, Assurance will provide a full range of traditional legal services, and interactive participation with our management teams on a daily basis, in areas such as human resources, employment law, insurance packaging, regulatory and licensing compliance, and commercial litigation.”

The attorneys of Assurance Law Group bring to bear a combined 55 years of experience encompassing all areas of Stellar Recovery risk, and its principal is experienced in the development and management of risk capture models. The relationship between Stellar Recovery and Assurance formally begins August 1, 2015.

Stellar Recovery, Inc. Corporate Headquarters is located in Jacksonville, Florida, with a satellite office in Kalispell, Montana.  Please visit our website at www.stellarrecoveryinc.com.