The Truth about Colossus: Are You Just A Magnetic Image? (http://www.settlementcentral.com/page0448.htm)
Interesting. I've worked for 3 insurance companies and I've never heard of it. In fact I've never used any sort of software for determining settlement values of claims. Sure would be nice to use as a guide though.
firstdown
05-27-2010, 03:42 PM
Nope, not sure what that is. Some sort of software I'm guessing?
Matty what kind of ins. adjuster property, health, etc...?
Matty what kind of ins. adjuster property, health, etc...?
workers comp
I've also done auto and disability
firstdown
05-27-2010, 03:52 PM
workers comp
I've also done auto and disability
I'm guessing its been a few years sense you have done any auto claims because that system is pretty common today.
After thinking about it I'm very surprised that you don't have some type of program as a guide as to what should be paid to doctors and others providing a service. How do you know when a doctor is charging the correct amount when you get a customers bill?
Well I worked in no-fault, so we didn't do settlements. Never heard of that program being used on the BI side but it's possible it's being used now.
firstdown
05-27-2010, 04:04 PM
Well I worked in no-fault, so we didn't do settlements. Never heard of that program being used on the BI side but it's possible it's being used now.
Your not in NJ are you?
over the mountain
05-27-2010, 04:12 PM
Interesting. I've worked for 3 insurance companies and I've never heard of it. In fact I've never used any sort of software for determining settlement values of claims. Sure would be nice to use as a guide though.
yeah we just got a copy of collusus. pretty damning stuff in there for the way that particular insurance company determines what value to set for a PI auto neg claim. of course now that the secret is out of the bag and attys know what triggers bumps in the settlement offers, they will change their mathematical equation like approach.
kinda like how an automaker determines whether they would save more money by recalling defective vehicles and fixing them vs just letting accidents happen then hope your attorneys can limit the settlements.
geez workers comp is no picnic. so happy i do mostly auto neg with federal suits and rape cases thrown in there.
Your not in NJ are you?
Nope, NY
yeah we just got a copy of collusus. pretty damning stuff in there for the way that particular insurance company determines what value to set for a PI auto neg claim. of course now that the secret is out of the bag and attys know what triggers bumps in the settlement offers, they will change their mathematical equation like approach.
kinda like how an automaker determines whether they would save more money by recalling defective vehicles and fixing them vs just letting accidents happen then hope your attorneys can limit the settlements.
geez workers comp is no picnic. so happy i do mostly auto neg with federal suits and rape cases thrown in there.
WC is a nightmare, claims go on forever, the medical providers are corupt, and the attorneys are ambulance chasers. Spitzer pushed through a lot of legislation before he left but the system still needs a lot of work.
firstdown
05-27-2010, 04:44 PM
WC is a nightmare, claims go on forever, the medical providers are corupt, and the attorneys are ambulance chasers. Spitzer pushed through a lot of legislation before he left but the system still needs a lot of work.
Does the system in NY require getting pre approvals and the use of codes for ever procedure done on a patient?