Some of the largest insurance companies have been relying on a program called Colossus to place values on personal injury claims. Although these insurance companies claim that they use this program only as an evaluation tool, it has been our experience, and those of other personal injury attorneys throughout the country, that such computer programs are utilized as a method of low balling claimants on their personal injury claims.
In general, Colossus has had a big influence on personal injury recoveries and the way these cases are handled.
The Harmful Impact
One of the harmful impacts of Colossus on personal injury law is its difficulty in valuing claims involving serious injuries. Colossus was created more to evaluate soft tissue injuries. This is mainly due to the fact that the program is based on numerous factors that negatively affect a claim and lower the value of the case.
For example, if injuries from a car accident are fatal, Colossus is unable to properly give value to the pain and suffering of the claimant. The majority of the insurance companies utilizing this program do not take an individualized approach and do not take into consideration the factors that Colossus cannot evaluate.
Colossus has changed how personal injury lawyers in New York negotiate with insurance companies. At Gersowitz, Libo & Korek, P.C., we have the experience and resources to fight these liability insurance carriers in order to get our clients maximum value on their personal injury claims.
Call Us Today!
If you or a loved one was involved in a car accident, it is important that you immediately consult with an experienced lawyer. For more information or to schedule a complimentary consultation with one of our New York car accident lawyers, please call Gersowitz, Libo & Korek, P.C. at 1-800-529-9997.