Nationwide Risk Consulting and SecondLook Incorporated have teamed up to provide claim cost reduction services to self-insured markets in the insurance industry.

Previously, the cost of bringing these services to a broad national market was too high, said Edward J. Kelly Jr. CEO of Nationwide Risk Consulting.

"Through Nationwide Risks' vast broker network throughout the United States, Second Look and Nationwide Risk will have the ability to reach companies who have self-insured clients for one or more of their insurance needs," Kelly said. "This partnership will allow our broker market and their clients to take advantage of claim recovery programs offered by SecondLook Incorporated."

Nationwide Risk Consulting markets premium recovery and other cost-containment services to thousands of companies across the United States, resulting in the recovery of millions of dollars in overpayments to insurance carriers.

SecondLook is a claims subrogation specialist for P&C carriers, self-insureds, and state and local governments. It has processed millions in subrogation claims in the last 20 years. Clients rely on SecondLook to help reduce the dollars paid in claims by maximizing their subrogation recoveries.

"We are very excited about working with Nationwide Risk to broaden and deepen our reach into the market," said Edward S. Jordan, president of SecondLook. "The company has developed a terrific recovery platform, has sophisticated technology, and is tenacious at pursuing recovery."

Through the combined services of Nationwide Risk and SecondLook, self-insurers can benefit from recovery technology at no up-front cost to them. Both Nationwide Risk and Second Look share in a percentage of financial recoveries.