Computer Sciences Corporation

Frank Scalet

Scott Henry

Clifton Watters

Scott Dulock

Precedent claims that match a pending claim are identified. A general damages amount is determined based on the likelihood value for at least one of the matching precedent claims. A general damages amount is derived from the likelihood value for at least one of the matching precedent claims. Pending claim adjustments are calculated based on amounts associated with the pending claim. Pending claim adjustments are applied to the general damages amount to determine a recommended settlement amount.

Determining recommended settlement amounts by adjusting values derived from matching similar claims

Methods and systems are provided for determining and displaying amounts for use in settling insurance claims are disclosed. Closed claims that match an open claim are identified based on one or more characteristics of the open claim. A likelihood value associated with at least one of the matching closed claims is determined. An amount for use by an adjuster in settling the open claim is determined based on the likelihood value for at least one of the matching claims. A most likely amount and most likely range associated with the open claim may be determined based on the likelihood values.

Determining amounts for claims settlement using likelihood values

Likelihood values are determined for one or more closed claims that match an open claim. The likelihood values are displayed as a function of an amount (e.g., general damages amount). The graph may be an x-y graph in which the x-axis is amount and the y-axis is likelihood value. The graph may include a likelihood curve. A band to corresponding a most likely range of amounts is indicated on the graph.

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Round Rock, TX, United States of America

Frank Scalet