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The Appalachian State team wins the RIMS competition



A student team from Appalachian State University in Boone, North Carolina, topped 18 other university teams to win the 2022 Spencer-RIMS Risk Management Challenge.

The winning team was announced Friday by the New York-based Risk & Insurance Management Society Inc. following presentations at its Riskworld conference in San Francisco earlier this week.

The student teams competed by offering solutions to a case study for risk management provided by the executive risk management team at Starbucks Corp.

Members of the winning team included students Madison Browne, Omar Gonzalez, Benjamin Kolodny and Addisyn Sharkey, and Lorilee Medders, academic advisor and eminent professor of insurance at Appalachian State University.

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7;s University of San Antonio, Texas, ranked second and Peking University of China third. The winning team received $ 4,000, and those who came in second and third place received $ 3,000 and $ 2,000, respectively.


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