An evaluation report analyzes the strength of liability evidence, quantifies the realistic damages range, identifies available defenses, assesses venue, and recommends a settlement range and strategy.
It is typically required within a defined period after assignment and updated at case milestones.
Alternative Names:
Evaluation Report, Liability and Damages Report
Why it Matters?
This document does more work than any other in the insurance defense relationship, because it drives reserve setting, settlement authority, and the carrier's assessment of exposure. It is also the document a bad faith plaintiff will read most closely, which argues for stating the basis for each conclusion rather than offering bare percentages. Evaluations that hedge without committing to a number leave the adjuster unable to act.
Frequently Confused with
Related terms
Frequently asked questions
When is an evaluation report due?
Should the report commit to a valuation number?
