Dr. Frank Liberti 2013-08-23 00:33:25
How To Prevent Unfair, Low-Ball, Accident Settlements And … Win The “Great Weight” Challenges Personal Injury auto accident claims are routinely devalued by up to 80 percent…Superior Courts have ruled these unfair claims practices are “harmful to the public interest”… This article invites you to discover what is being done to prevent this. Insurance Companies’ New Business Processing Improvement Culture (BPIC) Reduces Claims Values by Two-Thirds. The insurance companies hired consultants to help them manage and settle their claims in a uniform and consistent manner nationwide. They created a new way to settle claims called a business processing improvement culture (BPIC) which only served to lower settlement values and increase insurer profits. They went right to the core of how they handle claims, redesigned their claims handling process and labeled it “Claim Core Process Redesign” (CCPR). A Supreme Court ruled CCPR was “harmful to public interest.” THE RESULT: The redesign pushed average case settlement reserves down by two-thirds. HOW SETTLEMENTS ARE BEING “DEVALUED” AND HOW TO PREVENT IT! There is a broad scale lowering of settlement value known as “Tuning Bias” that has been cited an “unfair claims practice act.” The insurance companies now use a value driver system driven by medical, administrative, legal and economic decision points that determine settlement value. These decision points are literally what the insurance companies use to base their decisions about how to value injuries and make settlement offers. Each decision point converts to its own dollar value based on each insurer’s rate and formula. THE PROBLEM OF DISRESPECT Since 2004, the insurance companies have continued to ignore a Superior Court order to release the decision points, claiming their rights to civil disrespect. Most lawyers and doctors do not have knowledge of the decision points leading to an average 80 percent omission of the points responsible for settlement value. Missing decision points = missing settlement value. SOLUTION There should be 43 decision points in the demand letter. There is a checklist system you can use to cross reference your demand with the points to identify and include any missing decision points in your documentation. Knowing and including the 43 areas of decision points also enables you to; • Establish the preponderance of evidence • Win the greater weight challenges and eliminate varying medical opinions • Prevent unfair, unrealistic, low-ball settlements HOW TO RECEIVE MORE INFORMATION ON THE TOPIC OF PREVENTING UNFAIR, UNREALISTIC, LOW-BALL SETLEMENTS To learn more about this topic, check out the YouTube video, “Avoid Unfair, Low-ball Personal Injury Accident Insurance Claim Settlements.”
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