AON BENFIELD INC. Patent applications |
Patent application number | Title | Published |
20150120333 | SYSTEMS AND METHODS FOR INSURANCE RATEMAKING USING WEATHER SCORE - Systems and methods of the present technology provide the capability to adjust historical claim frequency and/or claim severity data using a weather score process. | 04-30-2015 |
20150120332 | SYSTEMS AND METHODS FOR DETERMINING RISK EXPOSURE - Systems and methods of the present technology provide the capability to determine risk exposure of points of interest (e.g., insured locations) based on the occurrence of an event (e.g., a catastrophic event). The systems and methods use two-dimensional convolution and FFT processing to provide quick determinations. | 04-30-2015 |
20110208547 | METHOD OF PROVIDING CATASTROPHIC LOSS PROTECTION THROUGH A MORTGAGE - A catastrophic hazard protection (CHP) mortgage may be provided on real property or structure(s) on the real property of a owner. The CHP mortgage may be structured to include financial protection in the event that one or more structures of the real property is damaged by a catastrophe such as a hurricane or earthquake. The owner may pay an increased interest rate on the CHP mortgage. If catastrophe damage occurs, the principal amount of the CHP mortgage may be reduced by the lesser of the value of the damage or the principal balance. Alternatively, the owner may receive a payment equivalent to the lesser of the value of the damage or the principal balance. A CHP mortgage may be implemented electronically. Additionally, catastrophic hazard protection may be added onto an existing mortgage. | 08-25-2011 |
20110208546 | Method of Providing Catastrophic Loss Protection Through a Mortgage - A catastrophic hazard protection (CHP) mortgage may be provided on real property or structure(s) on the real property of an owner. The CHP mortgage may be structured to include financial protection in the event that one or more structures of the real property is damaged by a catastrophe such as a hurricane or earthquake. The owner may pay an increased interest rate on the CHP mortgage. If catastrophe damage occurs, the principal amount of the CHP mortgage may be reduced by the lesser of the value of the damage or the principal balance. Alternatively, the owner may receive a payment equivalent to the lesser of the value of the damage or the principal balance. A CHP mortgage may be implemented electronically. Additionally, an existing mortgage may be augmented to add catastrophic hazard protection. | 08-25-2011 |