AI Demand Letter Updates and Improvements
AI demand letter company, Settlement Intelligence, today announced an expansion of its AI demand letter platform. The upgrade is free to all law firms presently licensing Settlement Intelligence.
Key areas of expansion in Settlement Intelligence AI Demand Letters
We are loading our AI with the factors and subfactors that provide increased value in the software used by insurers like State Farm, GEICO, Progressive, Allstate, and nearly every auto insurer in the United States as well as in Canada, several European countries, and Australia. Updates to Settlement Intelligence include more factors for the following areas or claims:
- Permanent Impairment
- Duties Under Duress
- Loss of Enjoyment of Life
- Future Medical Costs / Life Care Plans
- Future Diminished Earning Capacity Claims
- The addition of demand letters for trucking and premises liability claims.
Expanded Duties Under Duress Claims
The following is one of several screens obtaining information on nearly 100 potential additional factors, each of which drives increased settlement offers in a Duties Under Duress claim. This is the term used in insurance software in replacement of "disability." Duties Under Duress is the 5th most important "value driver" in settlement offers. But, without the lawyer specifically making this claim in the demand letter correctly, you cannot get the additional claim value. Settlement Intelligence walks you and your staff through this claim correctly and then Settlement Intelligence generates the Duties Under Duress claim in the correct location within the demand letter, with its factors and sub-factors correctly laid out to maximize the settlement offer.
Expanded Loss of Enjoyment of Life Claims
The following is one of several screens obtaining information on over 100 potential additional factors and sub-factors, each of which drives increased settlement offers in a Loss of Enjoyment of Life claim. Loss of Enjoyment of Life is the 4th most important "value driver" in settlement offers. But, without the lawyer specifically making this claim in the demand letter correctly, you cannot get the additional settlement value.
Settlement Intelligence walks you and your staff through this claim correctly and then Settlement Intelligence generates the Loss of Enjoyment of Life claim in the correct location within the demand letter, with its factors and sub-factors correctly laid out to maximize the settlement offer.
Permanent Impairment Ratings
An AMA Permanent Impairment Rating is the #2 value driver in insurance claim software systems used by nearly all of the major auto insurers in the United States, as well as insurers handling premises liability claims and some workers compensation claims.
Most of the auto insurers and their claim evaluation software systems use the 5th Edition of the AMA Guides to the Evaluation of Permanent Impairment Ratings. But, we know some doctors are doing evaluations using the 6th Edition. And given that some claim evaluation software, namely Liability Navigator, is being used to evaluate workers compensation claims where some states require use of the 3rd Edition, we have expanded our platform to include the 3rd, 5th and 6th Edition permanent impairment ratings.
New Developments
Settlement Intelligence has always intended the demand letter platform to be the central part of a broader group of services to assist lawyers. The company is presently working on three additional workflows to significantly increase settlement offers. These will be a free year long supplement for early adopters licensing Settlement Intelligence before August 31, 2023. These will be an additional license for those who license after August 31, 2023. So, select the best licensing plan for you today depending upon your staff and volume of demand letters.