In auto accident claims, more than 70% of all insurers use Colossus and similar software to assess bodily injury claim values and limit settlement offers. Plaintiff’s counsel must understand how this specialized software works, how his software impacts insurer settlement offers to claimants and how insurance companies use other considerations like medical factors to formulate settlements. Controlling factors must be thoroughly examined, such as the accuracy of all injury diagnoses as well as the points and drivers to include in your demand, in order to get the best possible settlement for your clients.
In this CLE course, Dr. Frank Liberti provides an in-depth examination of Colossus and similar software used by insurers used to assess auto accident claim values in personal injury cases. Dr. Liberti will demonstrate how to prevent unfair settlements, leverage new style demand letters to obtain higher settlements, increase settlement valuation by four times the average, prevent unfair claims practices and win the greater weight of the evidence challenges. Further topics discussed include the ethics codes of adjusters, litigation obstacles, Business Processing Improvement (BPI), attorneys & consultants, 4 main medical factors, the AMA Guide & impairment evaluation, insurer’s unfair claims acts, key decision points & drivers, the checklist of decision points & drivers to include in your demand, inputting values into Colossus, claim values, standard medical records & prognosis, common injury types, the 4 corners of the medical claim, medical expert value factors and eliminating narrative-style demand letters.
Spanning 35 years, Dr. Frank Liberti has consulted over 15,000 doctors and lawyers on the subject of personal injury and often presents on personal injury law issues. A licensed attorney in California, Jason Castillo actively participated in this course.