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Every year in the US, there are approximately 400,000 personal injury claims, with only a small percentage going to trial while the rest are settled out of court. Settling these claims can be a daunting process for the claimant, who aims to avoid personal insurance rate increases by claiming from the liable party’s insurance. The liable party’s insurer assigns an adjuster to assess the incident and determine the claim’s value.
Many claimants end up settling for less than their actual medical costs to expedite the process, leaving them dissatisfied and out of pocket. Claimbrite, a technology startup, has developed an AI-powered platform to facilitate fair and swift settlements for personal injury claims.
Claimbrite acts as an impartial third party, offering settlement analysis that benefits both parties. By leveraging AI and accessing extensive data points, Claimbrite predicts outcomes and settlement values, preventing claims inflation and aiding in fair compensation.
Businesses can also benefit from Claimbrite by tracking their liability claims and associated expenses, helping to identify potential fraud. Claimants can input claim details, upload documents, and utilize sentiment analysis to manage non-medical expenses and emotional aspects of the claim.
Unlike personal injury lawyers who charge a percentage of the settlement, Claimbrite charges a flat fee based on the injury severity, promoting transparency and fair mediation. By simplifying the claims process, Claimbrite aims to alleviate stress for claimants and businesses while ensuring fair outcomes.
Claimbrite’s goal is to partner with businesses to streamline personal injury claims management, reduce legal costs, and provide fair compensation for claimants, ultimately restoring individuals to their pre-injury state.
AI
2024-05-11 05:00:02
Post from www.ibtimes.com