COLOSSUS
Colossus is a computer program that values personal injury claims for at least half of the insurance claims in the United States. Colossus was used by the Government Insurance Office of Australia in the 80s and was licensed and popularized by Allstate in the 90s. Allstate turned to Colossus, developed by Computer Sciences Corp., because they wanted to standarize and simply what their adjusters evaluated. Allstate also turned to Colossus because it was billed as a means save money on payouts. Though Colossus, Allstate also figured out that most plaintiffs' lawyer - and Colossus identifies those lawyers - will not file a lawsuit in most cases and are willing to settle for the best offer that they can get.
Colossus considers a number of preliminary matters before looking at your individual case and injuries. Colossus considers whether your attorneys have a record of taking their cases to court if they get an inferior offer or whether they always just take the best offer given by the insurance company. It considers the jurisdiction in which the claim arises.
Colossus ostensibly provides consistent estimates of injury costs. Insurance company claims adjusters have varying degrees of knowledge and experience, which can lead to varying judgments in the value of claims. Colossus performs a "calculation" to attribute "severity points" to claims. Injuries have an injury profile that assigns a base severity rating, which is the starting point in the personal injury claim evaluation. After consideration to the personal injury attorneys involved and the venue, the system counts up the points and converts them to a dollar value.
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Tips on Each Insurance Company
* -------------------------------------------------
GEICO
* -------------------------------------------------
Allstate
* -------------------------------------------------
Travelers
*... [continues]
Colossus is a computer program that values personal injury claims for at least half of the insurance claims in the United States. Colossus was used by the Government Insurance Office of Australia in the 80s and was licensed and popularized by Allstate in the 90s. Allstate turned to Colossus, developed by Computer Sciences Corp., because they wanted to standarize and simply what their adjusters evaluated. Allstate also turned to Colossus because it was billed as a means save money on payouts. Though Colossus, Allstate also figured out that most plaintiffs' lawyer - and Colossus identifies those lawyers - will not file a lawsuit in most cases and are willing to settle for the best offer that they can get.
Colossus considers a number of preliminary matters before looking at your individual case and injuries. Colossus considers whether your attorneys have a record of taking their cases to court if they get an inferior offer or whether they always just take the best offer given by the insurance company. It considers the jurisdiction in which the claim arises.
Colossus ostensibly provides consistent estimates of injury costs. Insurance company claims adjusters have varying degrees of knowledge and experience, which can lead to varying judgments in the value of claims. Colossus performs a "calculation" to attribute "severity points" to claims. Injuries have an injury profile that assigns a base severity rating, which is the starting point in the personal injury claim evaluation. After consideration to the personal injury attorneys involved and the venue, the system counts up the points and converts them to a dollar value.
-------------------------------------------------
Tips on Each Insurance Company
* -------------------------------------------------
GEICO
* -------------------------------------------------
Allstate
* -------------------------------------------------
Travelers
*... [continues]
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