Digital Eye-Witness Systems

According to the National Center for Health Statistics, “National Health Survey”, in 1996 there were 35 million motor vehicle accidents with an associated total economic loss of $120.8b. Approximately 60% of the $120.8b was spent on claims payment and an additional 12% in legal fees. What is not known is how much of this amount was spent settling or defending fraudulent and frivolous claims. However, Loss Management Services, Inc. (LMS) does have a way to control these costs. LMS has developed systems to control claims pay out and litigation costs while deterring fraudulent and frivolous claims, along with providing for a real crash data bank for regulatory agencies. LMS has developed the MAC (Mobile Accident Camera) Box system which will record the events leading up to an accident, capture accident data and record the aftermath. The MACbox will provide a “driver’s eye view” of the entire incident from beginning to end. The only difference is that the MACbox will disclose without bias, the event as it occurred. The system is an application of existing commercial technology answering the most common and most vexing mystery: Whose fault was it? And, what happened? By working closely with its client companies, the insurance industry and its technology partners LMS will also establish a rich repository of information that will be used to help mediate claims, assign responsibility, advance vehicle safety and reduce the total economic loss that results from motor vehicle accidents.