Perhaps MKA said they were thinking of dropping Colossus, since more and more attys are using it in court, and juries don't seem to like the whole concept. Here is something that just came across our desk -- a judicial decision that favored Allstate, but juries think differently:
From Kosierowski v All State 51 F.Supp.2nd 583: Please read entire opinion. Although court granted All State's motion for summary judgement, it was fact specific, and it spoke strongly about Colossus. I would note how this opinion belies All State's promise (?) to it's insureds about being in good hands:
Plaintiff next alleges that Allstate acted in bad faith by utilizing a computer program, Colossus, that calculated the value of claims based upon "irrelevant" variables. Plaintiff also argues that Allstate has a policy of offering settlements of five percent below the value it internally assigns in an effort to increase its profit margin. This policy appears to exist with respect to at least some claims. See, e.g., Def.'s Motion in Limine to Preclude Testimony by Sciotti, Ex. G (affidavit stating that Allstate's Harrisburg office has this policy with respect to third-party claims); Plf.'s Ex. 31 at 47 (deposition of David Graham, evaluation consultant at Allstate); Plf.'s Ex. 34 (excerpt from handbook stating that Allstate can increase profits by $34 million a year in UM/UIM by reducing all settlements by up to five percent). ... *595  The difficulty in the present case is that the plaintiff has no information to demonstrate that such offending practices had any effect on her case. Allstate did use the Colossus program in calculating Kosierowski's claim...
Just a bit of trivia. Colossus was a tongue-in-cheek name given by IT. It referred to a geek-popular TV movie of a few years ago where an evil computer tried to destroy the world. Hope too many jury members haven't seen that movie ;')
Speaking of the Big Monday Prediction, we aren't so bad ourselves. We told our associates about the 20/20 expose three months before it aired. We knew about the FBI raid four days before it got into the newspapers. We knew this stock was going to 20. We know there is more bad stuff coming out of CA. So maybe we Do know just a little bit about this company.