In another volume, I
talked about ‘Colossus’, a program used by many insurance companies, notably
Allstate, to value, and many would argue, undervalue Maryland automobile accident claims. Many Maryland car accident lawyers have suggested for years the program can be
manipulated to produce unfair “lowball” offers. Over the summer, a former
Allstate employee gave some credence to that argument. The Chicago Tribune
[6/4/12] quotes the former insurance insider as stating: “the real reason
insurance companies are willing to invest
millions in these [computer] systems is that they can dial down claims'
payments to thousands of consumers at a time, regardless of whether these
payouts are fair." Of course, there is really nothing even the most
skilled Maryland car accident lawyer can do about the use of
Colossus or other systems. The only real option is to reject the Colossus
number, file suit, and let the jury decide the true value of a Maryland automobile accident claim.
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