How Insurers Use Evaluation Software to Place a “Fair” Value on Claims
Apr 6, 2019 - Accident Law, Personal Injury
Have you ever wondered how auto insurance companies determine the value of an accident case? While insurance companies are secretive about the formulas they use to calculate settlement offers, the common belief is that they use a computer model, or “claim evaluation software,” to place a “fair” value on insured claims. Some outcomes even suggest … Continue reading “How Insurers Use Evaluation Software to Place a “Fair” Value on Claims”