Computer Science Corp., CSC, the distributor of the insurance software Colossus, and approximately 581 insurance companies have agreed to settle.
The proposed class action alleges that insurance companies use these software programs e.g. (Colossus) to undervalue bodily-injury claims settlements in an effort to increase profits.
The insurance companies argued that these programs can provide a consistent estimate for bodily-injury claims through data input by the insurance adjusters.
http://www.setexasrecord.com/news/218016-csc-settles-out-of-colossus-class-action
At least 581 insurers are still going to use Colossus to evaluate your claims. You need to make sure that all of your client's value drivers (any information that is used by insurers' software to put a dollar figure on your claim e.g. injuries and their codes, treatments, comlaints, impairments, loss of enjoyment, etc.) are in "the system".
DO YOU REALLY WANT THE ADJUSTER (THE PERSON WHO GETS PAID TO UNDERVALUE YOUR CLIENT'S CLAIM) TO BE THE PERSON TO DETERMINE WHAT YOUR CLIENT'S VALUE DRIVERS ARE?
Adjusters aren't reading traditional demand letters. They don't have time. Nor do they care. They are only taking out value drivers from the records. They are overworked and have very little time per claim. It is in your and your client's best interest to make sure that the adjuster has ALL value drivers ready and easy to input to maximize settlement dollar amount.
GREAT DEMANDS prepares demand letters for personal injury lawyers and their clients. Our demand letters are written to address the requirements of Colossus and other claims evaluation software. They are in a format that makes it easy for the adjuster to input the necessary information, therefore ensuring that ALL critical value drivers are entered to increase your client's claim.
www.GreatDemands.com
12/14/2009
12/08/2009
12/07/2009
What is your "why"?
Meet my "why": Aubrey, Gracie, and Emily. They are the reason for my successes.
Figure out what your "why" is. It is imperative that you have a clear idea of what is important to you. What are your dreams? What makes you emotional?
Once you have figured out your "why"
Put a picture of your "why" on your desk, in your wallet, on your car visor, or wherever else you will see it often.
Set goals. Without goals and direction, motivation becomes difficult to maintain.
Stay the course.
Lastly, something to think about:
Everything e.g. every building ever built, every book ever written, every song ever sung, every marathon ever ran, every relationship ever entered into, everything was first a thought.
If you can think it... you can do it!
7/24/2009
Is Great Demands Cost-Effective? Absolutely!
For a high volume practice, outsourcing the preparation of your injury settlement packages can be extremely cost-effective. Let's assume that the average cost of a settlement package prepared by us is $400. Let's also assume that your office prepares 50 to 100 demand packages for motor vehicle injury claims each year. Our services would cost you $20,000-$40,000 over the course of a year. That is less than the salary alone for one good full-time paralegal. The savings are even greater when you consider the cost of health insurance, vacation and sick pay, and other benefits. Use of our service also frees up valuable paralegal and attorney time for other tasks.
For a low volume practice (e.g. a solo attorney with limited or no support staff, or an attorney who only occasionally handles an injury claim) outsourcing the preparation of your injury settlement packages can also be extremely cost-effective. Let's assume that the average cost of a settlement package prepared by us is $400. If your average billing rate is $200 per hour, you would have to spend no more than two hours on the preparation of a settlement package to be more cost-effective than our service.
For more information go to www.GreatDemands.com
For a low volume practice (e.g. a solo attorney with limited or no support staff, or an attorney who only occasionally handles an injury claim) outsourcing the preparation of your injury settlement packages can also be extremely cost-effective. Let's assume that the average cost of a settlement package prepared by us is $400. If your average billing rate is $200 per hour, you would have to spend no more than two hours on the preparation of a settlement package to be more cost-effective than our service.
For more information go to www.GreatDemands.com
7/16/2009
Welcome to my Blog!
Great Demands prepares demand letters for personal injury lawyers and their clients. Our demand letters are written to address the requirements of Colossus and other claims evaluation software. They are in a format that makes it easy for the adjuster to input the necessary information, therefore ensuring that all critical value drivers are entered to increase your client's claim. The demand letter is written and all supporting documents, such as police report, property damage report, medical bills, and medical records, are organized into an attractive demand package. The original demand package is then sent to the attorney for submission to the adjuster.
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