Cybersettle.com - online claim resolution system
Cybersettle.com bills itself as the world's first online claim resolution system. It provides insurance companies, claimants, attorneys, and other entities with 24-hour 7-day per week access to a real-time, fully secure settlement system.
The patented system allows participants to submit three rounds of settlement offers or demands via its confidential Web site. If an offer and demand in a round are within an agreed range, typically 30% or $5,000, the claim is instantly settled for the median amount. If none of the offers comes within range, the dispute does not settle; however, neither party's position is weakened, because the bids are completely confidential.
No special software is needed, just a computer and Internet access.