Settlement Online is an online alternative dispute resolution service seeking to improve traditional methods of resolving d isputes by integrating the Internet and related interactive services into the process. Settlement Online facilitates faster and more efficient settlement of claims and disputes, saving time and resources for everyone involved in the process by allowing adjusters, litigation managers, claimants and counsel to negotiate over a secured web site. This is also an effective tool for mediators. Settlement Online in its current format is for those common disputes that are purely dollar determinations. Individuals and companies benefit by faster, efficient claims and dispute resolution.
Claimants get their proceeds quicker.
Overall, the automated services of Settlement Online offer more, at a much lower cost, with better results than ADR in common cases. Properly utilized in the claims or litigation process, even in the traditional mediation process, this interactive technology not only increases efficiency, but also reduces costs of litigation. As the Internet and related technologies develop, Settlement Online plans to expand this service into virtual arbitration and mediation. This is just the beginning. If you are an insurance carrier representative, business owner or mediator please read our proposal for a no-risk pilot program.