StreamSettle

StreamSettle is the most significant technological advancement of the negotiation process to date. The Problem. The current negotiation process is hindered by posturing—carriers offering less than what they would be willing to pay, and/or a claimant demanding more than what they would be willing to accept. Ultimately, posturing significantly delays resolution of claims, increases litigation expenses, allows for the discovery and accumulation of additional damages, and almost always results in a lose-lose negotiation. The Solution. StreamSettle eliminates the incentive to posture by permitting parties to trustlessly submit confidential offers or demands that remain secret to everyone except the submitting party (i.e. a claimant cannot see the amount offered and the insurer cannot see the amount demanded). StreamSettle’s patent pending software compares the values of the most recent offer and demand in a manner that keeps the submissions secret to everyone—even StreamSettle—ensuring that only the submitter actually knows the amount of their submission. As soon as an offer is submitted that is no less than the current demand (or when a demand is submitted for no more than the current offer), each side receives an email notifying the parties that the claim is settled at the midpoint between the most recent offer and demand. In order to further streamline resolution, the settlement notification email also includes fully executed settlement documents. The goal is for your file to be nearly closeable upon settlement.