12/14/2009

CSC Settles out of Colossus Class Action

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

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