Yes, if you have not settled the case, you can up the offer. Sometimes it is difficult to get them to consider it if you have previously made a lower offer.
You can withdraw your last offer before it is accepted and make a new offer. You may want to hire an attorney or real estate professional to negotiate the deal. In the end it could save you a lot of money.
In Wisconsin, there is no binding settlement until something is put into writing. You have the ability to try to increase the amount of your demand, based on what you have learned. It may be tough to increase your demand at this point, but you have the right to do so. It may be a good idea to talk with a lawyer to determine how best to negotiate a favorable settlement. The statute of limitations will expire three years from the date of the accident.
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