They know if your attorney is a wimp
The day may come when you have to find a lawyer and sue your insurance company in a personal injury, workers compensation or civil suit.
You ask around and end up with someone’s cousin representing you.
Insurers have better sources of information. In addition to evaluating the value of bodily injury claims, Colossus also evaluates the attorney who’s representing you. Your insurer wants to see if he is likely to roll over for an inferior settlement offer – or has the backbone for a courtroom fight, defense attorneys say.
Colossus boasts in its literature that its software “lets you rate the performance of attorneys and their firms” and gives your insurer “information concerning bodily injury settlements.”
Pages in this slideshow:
- 10 dirty little secrets of insurance companies
- They use a FICO insurance risk score to figure out the price of your auto policy -- but you can't see that, either
- They might use proprietary software to shortchange you on accident injury claims
- They know if your attorney is a wimp
- They sneak percentage-based deductibles into your homeowners insurance policy
- They might replace your lost Pottery Barn items with Walmart merchandise
- They make hospitals charge other health insurance companies more
- They'll force you to buy a more expensive homeowner's insurance policy
- They don't tell you their "preferred providers" may be cutting costs
- They don't contact your life insurance beneficiaries when you die