Colossus News

Placing the value on bodily injury claims is inherently speculative. To remove some of the guess work from ascertaining a proper value for general damages, some insurance companies utilize a comprehensive software program called Colossus. The Colossus software attempts to …

A new report released by the Consumer Federation of America (CFA) has found computerized claims’ systems used by many of the nation’s largest auto insurance companies can be easily adjusted to make broad-scale “lowball” claims’ payments to injured claimants. Considering …