CLAIMS MANAGEMENT RESOURCES INC
Recovers property damage claim payments from responsible third parties.
Company facts
- Founded
- 1988
- Employees
- 200
- Headquarters
- United States
- CEO
- Richard Cook
- Type
- Private
About
What started in 1988 as a lightbulb moment in Oklahoma City has grown into a nationwide leader in property damage claims recovery. The story of Claims Management Resources (CMR) began when founder Chip Fudge was asked to help Southwestern Bell recover some difficult property claims. Realizing that negotiating with insurance carriers and adjusters was far more rewarding than traditional debt collection, he pivoted the family's legacy to focus entirely on this new opportunity. From those early days, CMR has remained rooted in Oklahoma City, where its headquarters and dedicated team still call home. Over the past 35 years, the company has evolved significantly, blending a rich family legacy with modern innovation and a team-driven culture. Today, CMR stands as a premier third-party claims recovery firm, partnering with utility companies and government entities, including Departments of Transportation, across the United States. The company's mission is to provide a low-risk, high-reward solution for managing property damage claims, handling everything from utility poles and street signs to guardrail systems and underground facilities. By taking ownership of the invoicing and recovery process, CMR enables its clients to focus on their core competencies without the hassle of chasing down payments. With an impressive track record of invoicing over 81,000 claims a year for more than $230 million, and achieving recovery ratios greater than 80 percent, CMR has proven its expertise. The journey from a small local operation to a nationwide powerhouse is a testament to their core values of results, culture, experience, and process, ensuring that they not only recover money faster but also foster a collaborative and supportive environment for their remote and in-office employees alike.