How insurance companies value your claims

Attorney Tyson Mutrux describes in this video how insurance companies value your claims

Tyson Mutrux: Hi Tyson Mutrux here with the Mutrux Law Firm. Today what I want to do is I want to talk about how insurance companies value your claims. What the vast majority of insurance companies do especially the large ones, State Farm, All State, Progressive, GEICO, they use an algorithm based upon a software program that they used. Now All State, they use colossus. That’s the most commonly known one. That’s the one that was in the news a few years ago where the insurance companies were being criticized for how they do things. All they do is they just plug in a bunch of numbers. That’s all they do. They plug in diagnosis codes, prognosis, things like that, the value of the medical bills and it spits out a number for the insurance adjuster to actually give a value and they’ve got somewhere within that range. So it gives a minimum and a maximum and if it’s something over the maximum, they’ve got to get more authority.

So that’s how they do it. It’s very simple. I’d say at least 90%, 95% of insurance companies use it and do it that way. Some of the smaller ones do not but the vast majority do.

Hope that answer your questions about insurance companies value your claim. If you have any more questions about that, give us a call at (888) 550-4026 or check us out at Thanks for watching. Have a great day.