subject: Colossus: the Automated Insurance Adjuster [print this page] Colossus: the Automated Insurance Adjuster
When the insurance adjuster gives you an offer for your injury after you have been hurt in a car accident you may think that they just make it up, or they have some sort of table they use. However, more than likely, they plug hundreds of variables into a computer and let a program called Colossus determine how much they are willing to pay for you car accident injury insurance claim.What does Colossus do? Is it an evil machine sent from the future?Not quite. It is a tool that the insurance company uses to keep track of the statistics relating to injuries and how much they will pay out. The program, Colossus, controls a database of tons of variables that the insurance adjuster can use to modify or determine how much they will offer you for your car accident injury claim. Insurance companies like this because it makes it easier for them to maintain a stable rate for every accident claim--so that they will pay out the same amount of money for a broken arm in every case. But, even better for the insurance company's bottom line, Colossus is able to lower the amount that the insurance company offers as a fair price over time.How does this affect your case? It is important to know that a lot of times the offer that the insurance adjuster will give you wasn't determined by them, but by a computer program. In many cases the insurance adjuster does have the ability to go over the number that Colossus offers, but in other cases it seems to be company policy not to go over the Colossus amount.Furthermore, it might be in your best interest to find a good car accident attorney if you are hurt in a car accident to help you fight the insurance company. The best thing you can do when picking a car accident attorney is to make sure that they understand how to beat Colossus to get you the best settlement. Before you do anything, you need to make sure to continue doing your research into how the insurance company works on the inside. The more you know about how the insurance company works, the less of a chance you will have to say or do something that could ruin your injury case.
