Settlement Intelligence co-founder, Aaron DeShaw, talks about AI Demand Letters for premises liability claims in this new video.
One of the concerning things that we've seen in the legal profession recently is companies providing "AI demand letters" that are generating unsubstantiated future medical damages and future wage loss claims. Meaning damages projections that are not substantiated by a vocational rehabilitation expert, a life care planner, or economist.
The problem with this is insurance adjusters are trained specifically not to enter anything into the insurance claim software that isn't substantiated by an expert report. These unsubstantiated economic damages projections are going to be completely discarded.
Then these "AI Demand Letter" companies also use those unsubstantiated future economic damages to set what they expect the claim value to be. And those projections for comparative verdicts based upon unsubstantiated damages are not comparable to verdicts based upon verdicts obtained by other lawyers on cases where the future economic damages are substantiated by expert witnesses.
So those "comparative verdicts" that are based upon inflated and unsubstantiated economic damage claims actually sets you up for problems, because it puts in writing that you believe a claim has a certain value based upon a comparative verdict that really is not an equivalent type of claim at all.
I would strongly suggest that if you are looking at technology that suggests that it's going to insert a giant economic damage number in order to leverage your settlement values up, that is actually going to backfire on you and create problems for your legal practice.
To license a demand letter technology that is based upon extensive research and over 20 years of experience consulting with lawyers in personal injury cases, without projecting unsubstantiated damages or other lawyer's trial verdicts, license Settlement Intelligence.