Richard Scheer

last updated 1/19/2018

Richard Scheer

Executive Vice President of Marketing and Partner at Scheer's , Inc.

Location:
601 Oakmont Lane Suite 400, Westmont, Illinois, United States
HQ Phone:
(630) 468-5600

General Information

Experience

Vice President - Hub International Limited

Managing Director and Founding Shareholder - ELITE FOOTBALL LEAGUE OF INDIA

Managing Director Of Retail Operations - theElite Football League of India

Education

associates degreeWentworth Military Academy

Affiliations

Minority Owner - Orlando Predators

Managing Member - Chicago

Managing Member - Chicago Rush Arena Football

Recent News  

Waste & Recycling News - December 7, 2009

Richard Scheer Partner
630-468-5600 www.scheersinc.com

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Company Directory

Rick Scheer, Partner & Exec. VP of Marketing

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Grading and Excavation Contractor | Insurance and Surety

Bond specialist Rick Scheer of Scheer's Inc. in Countryside, IL, sees 2002 as almost certain to set the all-time record in surety claims payouts - although, as of last autumn, the Enron claims still were being untangled.Enron alone produced more than $1 billion in claims, he reports; an amount roughly equal to the entire sum of premiums paid to sureties in a year."The loss ratio was skewed - big time," Scheer observes."Surety firms," says Scheer, "are taking a harder, closer look at what they have on the books right now."Lines of surety credit have shrunk for many big homebuilders, developers, and contractors, he adds, "because sureties simply don't want any more exposure now."Overall, Scheer estimates the percentage of bonds resulting in some type of claims at about 20% - or slightly worse odds than in Russian Roulette.For Illinois excavation contractor R.L. Hummel, the hardening of the surety market has coincided with a period of explosive business growth.

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