Analyzed Insurance

OK. I admit it–I didn’t wait for Santa Claus this year.  I am now the ecstatic owner of a new IPad.  Having spent much of Thansgiving weekend playing Scrabble on line with a friend in Mississippi and listening to Bob Dylan on Pandora, I am also discovering the wealth of useful legal applications that this new technology presents for coverage practicioners.

A particularly cool new app is “Picture It Settled”, a free program designed by a San Antonio lawyer that allows you to automatically track all the demands and offers in a settlement negotiation.  Anyone who has sat through a construction defect mediation can immediately grasp the value of this app.  It also has a particularly cool alogrithm that creates a predictive capability once you’ve entered the numbers from several past mediations, allowing you to more accurately guess the ultimate cost of settlement and the most likely response to settlement offers and demands.

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