Each case is obviously different and there is no one size fits all formula that is used. One of my most critical jobs is to accurately assess the sum of money my clients should be receiving from the insurance carrier’s adjuster/attorney if a settlement offer is made or from the jury if their case is tried in court.
Many years ago, a three times medicals formula was employed in routine cases. However, most insurance companies now use computers to evaluate the strengths and weaknesses of a plaintiff’s injury claim. “Colossus” is the program most widely utilized to minimize the amount of money offered to injured drivers.
I have almost 30 years of experience and analytical tools to calculate case value and methods to circumvent these attempts to short change my clients.