What is Colossus Insurance Claims Adjuster Software?
Several insurance companies use claims adjusting software to evaluate a personal injury claim filed by an injured party during a car accident. This software can project a range depending on the sorts of injuries that are sustained in a car accident. Some companies use this software exclusively to determine the value of a personal injury claim. The output of the software is then used against the plaintiff to limit the value of their claim. The most notorious of these claims adjuster software products is Colossus.
Colossus is a large-scale insurance adjuster software that is sold to insurance companies to ensure an apparently objective and consistent valuation of insurance claims when assessing damages for personal injury claims. The ultimate purpose of the software, however, is to minimize the insurance company’s liability and reduce the value of personal injury claims.
How does the claims adjuster software work?
The software enables claims adjusters to enter specific information concerning an individual claim made by an injured party. This information includes liability, injuries, cost of treatment, and the probability that future treatment will be required.
Colossus categorizes injuries as either “non-demonstrable” or “demonstrable.” Injuries that are considered demonstrable include those that can be objectively determined by a method such as an x-ray. Broken bones would be an example of a demonstrable injury. Non-demonstrable injuries, however, are not verifiable by medical testing. This can include soft-tissue damage or nerve damage. Colossus will then use that information to predict the expected range of a verdict if the case went to trial. Colossus is not equipped to predict ranges when the injuries are catastrophic or life-altering. It is likewise not equipped to predict verdict ranges when someone dies in a car accident.
Colossus requires evidence of every complaint regarding medical treatment and all data concerning the claimant’s injuries to be firmly documented by the claimant’s medical records. Allegations made by claimants and their attorneys are generally not given any weight as evidence when it comes to sustained injuries or physical impairment resulting from the accident. This is not a good thing for those who have suffered serious injuries.
You do not have to accept the insurance company’s offer
Insurance companies use this software to minimize the value of personal injury claims filed against their policyholders. You are under no obligation to accept the insurance company’s offer. In fact, you shouldn’t. The software they use will not take into consideration key aspects of your injury nor how it impacts your overall health. They are basing everything on medical records. In order to receive the full value of your claim, you will need a Tampa car accident attorney to review your claim and fight for your right to fair compensation.
Talk to a Tampa, FL Car Accident Attorney Today
Insurance adjusters and their computer software don’t offer fair settlements to victims. In order to get fair compensation for all of your injuries, you will need the help of a Tampa, FL car accident lawyer. Call our office today to schedule a free consultation and learn more about how we can help.