| Entries |
| Document | Title | Date |
|---|
| 20080201176 | PRACTICE MANAGEMENT SYSTEM (PMS) INTEGRATION METHOD - A method and computer program product for integrating verification of eligibility information of a card member enrolled in a health plan with a payment account required to pay for the services used according to the health plan is described. The present invention integrates card member information to a method which provides payment capabilities for services used by the card member. The invention encodes basic patient eligibility information onto a card magnetic stripe. This helps in overcoming any manual data entry errors that can resulted from a paper-based or paperless electronic process. The invention provides the ability to complete a transaction involving a medical service provider, a patient and a payer in a single swipe of card. | 08-21-2008 |
| 20080201177 | FINANCIAL PRODUCT AND METHOD FOR COMPREHENSIVE ACCIDENTAL MEDICAL INSURANCE - The present invention is directed to a system, method, and product for providing comprehensive accident medical insurance. The invention manages the administration of medical insurance policy in which medical providers are paid on behalf of an Insured Person for all or part of medical expenses incurred by the Insured Person solely as a result of an accident. | 08-21-2008 |
| 20080208636 | Keychain information tag - An information tag is provided that enables important vehicle insurance information and identification to be kept on a keychain or analogous object, for example. In one illustrative embodiment, an information tag includes a card, an aperture in the card, and a set of content disposed on the card, wherein the content is associated with an insurance policy. Additional embodiments also include a method for providing information tags, and a sheet that includes a plurality of detachable information tags. | 08-28-2008 |
| 20080208637 | Method And System For Assessing Environmental Risk Associated With Parcel Of Real Property - Disclosed is a system and method for assessing environmental risk associated with a parcel of real property through the form of reports which can be generated without the significant expense and time delay of a physical site inspection. Also disclosed is a method to facilitate contaminated land transactions by reports that provide consultancy, legal, and/or financial advice based on factors determined in the absence of a property site visit. In one aspect, the disclosed method comprises several steps based on certain determinations made using commercially-available and publicly-available databases. In another aspect, the disclosed method is a way of providing financial assurance via an insurance policy with the steps of supplying an environmental risk report and automatically supplying an environmental insurance quote based upon the environmental risk report. | 08-28-2008 |
| 20080208638 | Methods and systems for administration of funds - A method of administering access to funds in at least one account for which disbursement of funds from the account requires meeting qualifications includes the acts of providing a computer interface via which at least one member can log onto a system; determining if the member is eligible for disbursement of funds; if the member is determined to be eligible, providing a computer interface via which the member can enter information associated with a claim for funds; and applying rules saved in memory of the system to the information associated with the claim to determine if the claim meets the qualifications. A system for administering access to funds in at least one account for which disbursement of funds from the account requires meeting qualifications includes: at least one administrator computer system; at least one memory system in operative connection with the administrator computer system; at least one communication portal in communicative connection with the administrator computer system to provide communication to and from the administrator computer system; at least one list of members eligible members stored in the memory system, at least one interface via which at least one of the members can log onto the administrator computer system upon providing the security information; at least one interface via which the logged member can enter a claim for funds from the logged member's account and information associated with the claim; and at least one set of rules stored in the memory system, the set of rules being applicable to the information associated with a claim submitted by the logged member to determine if the claim is qualified. | 08-28-2008 |
| 20080208639 | SYSTEM AND METHOD FOR PROCESSING WARRANTY CLAIMS - A software and/or hardware facility for enabling warranty claims processing between warrantors and warrantees. The facility allows a warrantee to identify if a particular product or service is covered by a warranty, and to make a warranty claim for such covered product or service. Upon submission of a warranty claim, the facility may perform steps to verify and authorize the warranty claim. The facility may also provide the warrantee with instructions on how to tender the product or service to the warrantor. The facility notifies the warrantor of the submission of the warranty claim. The facility enables the creation of detailed reports on warranty claims for warrantees and warrantors. | 08-28-2008 |
| 20080208640 | Collateral damage limits - A method for marketing and insuring damages that are associated with insured loss events but that are not covered by traditional insurance policies. This method permits the marketing of loss expense coverage, underwriting, and claim adjustment processes of insurance to be performed by reference to the loss payments that are made by a specified insurance policy. By referencing insured loss payments, which both a buyer and a seller understand, this method provides an easy way to communicate and transact something that is otherwise difficult or impossible to define or measure. | 08-28-2008 |
| 20080215375 | Communication system for indemnification insurance service - The object of the present invention is to provide a communication system for indemnification insurance service; the system contributes to rapid procedures to be performed from the occurrence of an accident to the arrival of a staff to the accident scene, including notification to the company of the indemnification insurance service, and certification of the location of the accident scene and the content of the insurance service of the insured, performed inside the company. The communication system for indemnification insurance service | 09-04-2008 |
| 20080215376 | LONG-TERM CARE INSURANCE - An insurance policy in which the initial maximum benefit payable under the policy is less than or equal to the premium. The policy protects an insured's assets under a Government benefit program that has an asset limit for applicants and that allows applicants to shelter assets by obtaining private insurance. Assets may be sheltered under such a Government program by providing such insurance, obtaining payment for a benefit under the insurance; and applying benefits under the Government program. Insurance can be sold to shelter assets under such a Government benefit program by setting the maximum payable benefit to less than or equal to the premium. Optionally, the initial maximum benefit payable under the policy is less than or equal to about 105% of the premium. The Government benefit program may be a Medicaid State Long-Term Care (LTC) Partnership Program and the insurance benefit may be a long-term health care benefit. | 09-04-2008 |
| 20080215377 | ACCOUNT AND CUSTOMER CREATION IN AN ON-LINE BANKING MODEL - A system, method and article of manufacture are provided for account and customer creation in an online banking model. An application is received from a customer. The application includes information relating to the user and also documentation relating to the user. A first computer is utilized to create a profile for the customer based on the application received from the customer. The first computer is also utilized to create an account for the customer. Information relating to the created profile and account is transmitted from the first computer to a second computer where a notification is generated. The notification indicates that the account has been created. The notification is transmitted from the second computer to the customer utilizing a network. | 09-04-2008 |
| 20080215378 | CONTENT INSURANCE - The present invention provides for the protection of and ability to upgrade to new formats of digital content by providing consumers of the digital content the capability of purchasing content insurance on digital content they consume. By purchasing insurance on content, at a later time consumers are able to return to the content distribution channels and re-obtain the previously purchased content in the same, or new format as the original purchased. | 09-04-2008 |
| 20080215379 | CONTENT INSURANCE - The present invention provides for the protection of and ability to upgrade to new formats of digital content by providing consumers of the digital content the capability of purchasing content insurance on digital content they consume. By purchasing insurance on content, at a later time consumers are able to return to the content distribution channels and re-obtain the previously purchased content in the same, or new format as the original purchased. | 09-04-2008 |
| 20080221933 | LIFE INSURANCE SYSTEM AND METHOD - A system for providing life insurance with no out-of-pocket cost including a cost component, an increasing death benefit having a fixed portion and a rider portion, the rider portion being at least equal to a cumulative loan balance, and an investment vehicle configured to provide a rate of return on the cash component based on one or more financial market indices. | 09-11-2008 |
| 20080221934 | Using commercial share of wallet to determine insurance risk - Commercial size of spending wallet (“CSoSW”) is the total business spend of a business including cash but excluding bartered items. Commercial share of wallet (“CSoW”) is the portion of the spending wallet that is captured by a particular financial company. A modeling approach utilizes various data sources to provide outputs that describe a company's spend capacity. Insurance companies can use CSoW/CSoSW to determine risk levels of clients and identify prospective clients. CSoW/CSoSW can also be used to determine pricing structures for clients. | 09-11-2008 |
| 20080221935 | SYSTEM FOR INDIVIDUAL RETRAINING ASSOCIATED WITH A JOB LOSS - The system described herein allows an individual or worker who has a job to select a different occupation to be trained for in the event of a job loss. The information about the new occupation, such as cost of education, books, etc. along with the cost of living during the retraining and subsequent job search and the probability of job loss are used to determine a periodic payment for such retraining. This payment is made while the individual works. When the individuals loses the job, the individual is provided with living expenses, occupation retraining and job location assistance. | 09-11-2008 |
| 20080221936 | AUTOMATED PROPERTY INSURANCE QUOTE SYSTEM - An automated web based application for generating a plurality of insurance quotes for property insurance is disclosed. A data extraction program is used to extract text from an appraisal form in PDF format. This data is used to automatically complete and submit quote request applications to a number of different insurance providers, thus generating a variety of insurance quotes. The application creates a summary of the various insurance quotes, allowing a broker or insurance seeker to quickly and efficiently select a quote. Once a quote is selected, the system automatically creates a binding document using personal information that is either manually input or extracted from a standard loan form, and sends the document to the insurance provider. | 09-11-2008 |
| 20080221937 | System and method for managing investment risk in satellite operator companies - In order to mitigate risk of satellite investment loss, a satellite loss event or failure event for a satellite that will be operated by a satellite operator company is identified. Financial investors in the satellite operator company are identified. Actuarial data corresponding to prior satellite loss events or failure events substantially corresponding to the satellite loss event or failure event are identified. An investment loss mitigation insurance policy based at least in part on the identified actuarial data is developed. The investment loss mitigation insurance policy is offered to the identified financial investors. Premiums are received from financial investors that subscribe to the investment loss mitigation insurance policy, and the investment loss mitigation insurance policy is placed with an underwriting pool in exchange for at least a portion of the received premiums. | 09-11-2008 |
| 20080228531 | Insurance Optimization and Longevity Analysis - A method, software, database and system for predicting the longevity of an individual and for determining an optimal insurance plan for an individual are presented in which an attribute profile of the individual containing genetic and non-genetic attributes is compared against a database containing combinations genetic and non-genetic attributes that are statistically associated with known longevities and optimized insurance plans derived from other individuals. | 09-18-2008 |
| 20080235062 | METHOD AND SYSTEM FOR INITIALLY PROJECTING AN INSURANCE COMPANY'S NET LOSS FROM A MAJOR LOSS EVENT - A system and method by which an insurance company can project an initial net projected loss arising from a major loss event quickly after the occurrence of the event. The system uses a networked central repository, such as an electronic collaboration site, for collecting and sharing information to be used in the initial net loss projection process. After the occurrence of a major incident, media reports can be reviewed to identify entities involved in, or affected by, the event. In-force insurance policies and applicable reinsurance information of the identified entities are collected and stored in the repository and reviewed to identify those that should be included in the initial net loss projection. Additional information can be entered into a policy database regarding those policies which allows aggregation of net policy limits and an initial projection of the net loss arising from the major loss event. | 09-25-2008 |
| 20080235063 | METHOD FOR DETERMINING INSURANCE BENEFITS AND PREMIUMS FROM DYNAMIC CREDIT INFORMATION - The embodiments described herein are directed to a method of obtaining credit life insurance for an individual by means of a service organization. In detail, the steps include: 1) registering the individual with the service organization via a computer system in a computer network; 2) accessing credit information on the individual by means of the computer system in the computer network and determining the total debt of the individual; 3) determining the amount of debt to be covered by credit life insurance benefits; 4) creating a data base including insurance companies that provide credit life insurance benefits, the data base further including the premiums that the insurance companies charge for issuing their credit life insurance; 5) selecting specific coverage with required specific premiums; 6) obtaining the individual's approval of the required specific premiums via the computer system in the computer network; and 7) obtaining credit life insurance benefits for the individual. | 09-25-2008 |
| 20080235064 | METHOD AND APPARATUS FOR PERFORMING ASSESSMENTS - Described are techniques used in connection with providing insolvency services in connection with guaranty funds, such as property and casualty guaranty funds, upon the occurrence of an insurance company insolvency. A client/server system provides for creating and maintaining a database of state and insurance company member information. Operations, such as calculations, are performed in accordance with different rules that are associated with varying state laws and rules that may vary with insurance account. A range of functions are performed by the system comprising report generation, unearned premium calculations, assessment calculation, claim entry and management, administrative tasks, and other related operations. The system which provides services and operations in connection with managing insolvency funds may interact with other applications and systems, such as an accounting system, word processing system, and the like by generating data used as input in these other systems. Also described is a database schema representing a relationship between the different data entities that may be stored in a database in connection with performing insolvency operations. | 09-25-2008 |
| 20080243554 | System and Method of Electronically Perfecting a Premium Finance Agreement - A system and method of electronically perfecting a premium finance agreement (PFA) includes receiving data associated with an agent, the agent representing a potential insured; receiving data from the agent corresponding to at least a down payment for the PFA by the insured; providing the agent with the ability to electronically sign the PFA; and generating an email message to the insured, the email message corresponding with the PFA and the down payment. The system and method also include receiving bank account data associated with the insured; displaying a confirmation of the down payment amount that will be deducted from the bank account; providing a person authorized by the insured the ability to electronically sign the PFA; and electronically debiting the bank account for at least the down payment amount. | 10-02-2008 |
| 20080243555 | Method and system for insurance of fines - Insurance coverage to pay for fines including vehicle parking and other offences. Means of identification of insurer and insured to enable payment by insurance company direct to the fining authority. | 10-02-2008 |
| 20080243556 | HISTORICAL INSURANCE TRANSACTION SYSTEM AND METHOD - The present invention relates to a system and method for conducting historical search transactions that relate directly or indirectly to insurance subrogation and adverse claims. The invention includes a method for the accurate resolution of insurance claims (including claims against self-insureds), and a method for determining the settlement rules applied by an insurer or self-insurer in settling automotive casualty claims. | 10-02-2008 |
| 20080243557 | Information transmission system - An information transmission system is composed of a policyholder terminal used by the policyholder and an insurer server used by an insurer, the policyholder terminal includes: a policyholder information transmitting step for transmitting information regarding the policyholder to the insurer server via the Internet; an information receiver information transmitting step for transmitting information regarding an information receiver to the insurer server; and a transmission information depositing step for depositing transmission information with the insurer server, and the insurer server includes: a policyholder information recording step for recording the information regarding the policyholder; an information receiver information recording step for recording the information regarding the information receiver; a transmission information storing step for storing information to be transmitted to the information receiver; and a transmission information transmitting step for transmitting the information to the information receiver in the case where a predetermined condition is satisfied. | 10-02-2008 |
| 20080243558 | System and method for monitoring driving behavior with feedback - In accordance with an embodiment of the present invention, a network system for monitoring driving behavior comprises one or more vehicle-mountable motion sensing mechanisms that generate a plurality of data relevant to vehicle moving attitude. The data being indicative of manual or mental risks for a vehicle operator is wirelessly transmittable. The network system also comprises a central data processing system that collects the data transmitted from the motion sensing mechanisms. A risk assessment engine operatively coupled to the central data processing system analyzes the collected data to determine the manual or mental risks. The central data processing system further comprises a feedback engine operable to yield indicia based on the analyzed data that is reportable to the vehicle operator or an authorized data recipient. A reward engine operatively coupled to the feedback engine provides incentives to encourage good or improved driving behavior. | 10-02-2008 |
| 20080243559 | WORKERS' COMPENSATION INFORMATION PROCESSING SYSTEM - A workers' compensation medical reporting system including software accessed at a provider computer, the software adapted to prompt the provider to input the data concerning a workers' compensation claim, the software adapted to send an electronic workers' compensation claim, the software adapted to send an electronic workers' compensation treatment report electronically across the Internet to a payer computer; and electronic report filtering software accessed at the payer computer, the electronic report filtering software adapted to direct the electronic report as a result of predetermined criteria, electronic workers' compensation medical treatment reports that meet a human review criteria are automatically set to a case manager for review, other electronic workers' compensation medical treatment reports are automatically directed to be processed. | 10-02-2008 |
| 20080249809 | Computer System for Actively Monitoring and Enhancing the Collateral Security for a Portfolio of Loans to Facilitating Financing and Securitization - A computer system for monitoring and enhancing the collateral security underlying a set of loans is provided, including a system for calculating the unsecured value of the set at any time and for initialing additional collateral enhancement instruments when the unsecured value exceeds a certain limit. The system may include a variety of modules in communication with a relational database for storing data about the loans and system elements. The computer system may also be configured to allocate, manage, and execute the waterfall or cascade of funds between and among the various participants in a financial plan. The invention also includes a structured finance plan and related methods for enhancing the collateral security of a loan obtained for a life insurance or annuity product, and a system and method for managing a portfolio of such loans in order to obtain favorable financing and to facilitate securitization. | 10-09-2008 |
| 20080249810 | Method and System For Administering A Variable Universal Life Insurance Product Having A Volatility Reduction Feature - A method and system of administering a financial product having a volatility reduction feature comprises providing a life insurance policy having a cash surrender value, creating at least one subaccount associated with the policy, storing a number of accumulation units associated with the subaccount, storing a plurality of accumulation unit values, calculating an average of stored accumulation unit values and using the average to determine a target unit value. The surrender value of the subaccount is periodically determined by multiplying the number of accumulation units by the target unit value. The surrender value of the subaccount is used to periodically determine the cash surrender value of the insurance policy. | 10-09-2008 |
| 20080249811 | Method and System for Rough Road Indications for Misfire Detection - A method of operating an engine includes determining at least one characteristic of rough road performance based on at least one driveline characteristic and receiving crankshaft acceleration data. The method further includes comparing the received crankshaft acceleration data and determined characteristic, inhibiting the misfire counter based on the comparison, and operating the engine based on the disabled misfire detection. | 10-09-2008 |
| 20080249812 | Charitable Gift Program - The present invention relates to methods of implementing charitable gift programs. | 10-09-2008 |
| 20080255886 | System and Method of Confirming a Transaction Between Parties - A service confirmation system records a disclosure of a transaction between first and second parties. The disclosure is confirmed for accuracy and sufficiency and then stored in a computer system. The confirmation can be retrieved to review the disclosure of the transaction. The confirmation is made by a third party to the transaction and includes voice as well as video data. The voice data can be analyzed for accuracy. The disclosure includes elements of suitability of the transaction for benefit of the second party. The disclosure covers areas such as start date, cost, fees, benefits, cancellation, and other topics material to the transaction. The elements of suitability involve income, financial obligations, assets, health, family, insurance coverage, and personal goals. The recording reveals subjective confirmation factors such as sufficiency of disclosure, suitability assessment criteria, basis for purchase decision, demeanor of the parties, environment, representations, tone, party actions, and purchase reasoning. | 10-16-2008 |
| 20080255887 | Method and system for processing an insurance claim for a damaged vehicle - Disclosed is a system and method for processing an insurance claim by an insurance company for an insured's damaged vehicle The method includes acquiring information regarding the damaged vehicle, and the geographical location of the damaged vehicle. An auction is conducted based on the acquired information regarding the damaged vehicle to sell, for a satisfactory bid, the damaged vehicle from the insured to a bidder, wherein the insured is the owner of the damaged vehicle. A bidder, who submits the satisfactory bid, is informed of the location of the damaged vehicle, where he directly picks up the vehicle. The title of the vehicle is transferred directly from the insured to the bidder or from the insured to the insurance to the bidder during or after the auction. | 10-16-2008 |
| 20080255888 | Methods, Systems, and Apparatuses for Determining Driver Behavior - Provided are methods, systems, and apparatuses for determining driver behavior based on vehicle operating parameters, adjusting insurance premiums accordingly, and preventing fraudulent manipulation of the methods, systems, and apparatuses. | 10-16-2008 |
| 20080262876 | CREDENTIALER MEDICAL MALPRACTICE INSURANCE COLLABORATION - A method for underwriting insurance in between recredentialing periods is disclosed, the method including obtaining a release of associated credentialing information, wherein the associated credentialing information is released from an associated credentialing entity to an associated insurance entity, providing the associated insurance entity access to the associated credentialing information, and updating the associated credentialing information with updated associated credentialing information, the updated associated credentialing information being collected from the associated credentialing entity by the associated insurance entity. | 10-23-2008 |
| 20080262877 | Interactive credential system and method - An interactive credential system and method is provided. The system comprises a database containing employee-employer-applicant surveyed information, industry specific criteria such as insurance loss history and account performance, an authorization code for authorizing access to the database and a control device, operatively associated with the database, for presenting weighted scores. The system further includes a surveyed party processor operatively associated with the control device, and wherein the surveyed party processor is capable of transmitting the authorization code to view the surveyed information. The system further comprises a participant processor that is capable of requesting authorization to download the employee-employer-applicant information, including weighted scores computed from the system's algorithms processed from industry specific parameters. | 10-23-2008 |
| 20080270192 | Financial Products - A method and apparatus for providing a financial product from a first party to a second party, wherein a processing system ( | 10-30-2008 |
| 20080270193 | Transfer of risk of repair costs with renewal rights - Methods of transferring risk of costs for repairs, methods of providing funding for repair costs, and articles for transferring risk of repair costs. Articles may be service contracts, and the methods and articles may apply to one or more apparatuses, which may be motor vehicles, for instance. The methods and articles may include a right for the purchaser to renew a contract for one or more periods of time, or may include a provision to convert any unearned payment into extended funding for repair services in the event that anticipated payments are not made. A customer may pay for an initial term, after which the customer may renew for second or subsequent periods of time at the customer's option. A motor vehicle service contract may terminate after a delineated number of miles is reached, and an auto-renewal status may be reached after a particular number of payments are made. | 10-30-2008 |
| 20080270194 | SYSTEMS AND METHODS FOR GUARANTEEING INCOME BASED IN PART ON AN INVESTMENT ACCOUNT - Systems and methods for correlating guaranteeing income payments based in part on the cash value of a third-party investment asset, for a specified term or for life are disclosed. A preferred embodiment allows the covered person to realize guaranteed income regardless of any decrease in the cash value of the investment asset. Some embodiments of the systems and methods disclosed herein also increase the income payments when correlated against the appreciated cash value of the investment asset. | 10-30-2008 |
| 20080270195 | SYSTEM AND METHOD FOR FINANCING WELFARE BENEFITS TRUST - A sophisticated benefits financing and life insurance strategy that provides life insurance benefits for members with no cost to members, provides for funding of the strategy, and potentially building excess funds after payment of benefits and repayment of debt for the benefit of current and future members. A welfare benefits trust is first established by a respective legal entity. A funding amount is then received, the amount of which is calculated based on stochastic actuarial models and modern financial theory to provide purchasing of life insurance and/or other benefits for respective members of the welfare benefits plan, of extension risk coverage, and the development of cash value attributable to each of the plan members as is actuarially determined to be appropriate. Upon the death of a plan member, the welfare benefits trust arranges for payment of the member benefit and repays the funding amount attributable to the deceased member, together with accrued interest. The welfare benefits trust retains the excess proceeds. | 10-30-2008 |
| 20080281640 | Method For Linking Borrowers And Investors - The present invention provides a method for linking borrowers and investors. The method comprises the step of receiving requests for loans and investments associated with borrowers and investors respectively. The method also comprises that step of associating at least one request for a loan or investment with more than one request for investment or loan, respectively, in a manner such that a loan or investment amount can be split between the investors or borrowers respectively. A condition of each loan or investment is at least to some extent determined by at least one of the borrowers and the investors. | 11-13-2008 |
| 20080281641 | SYSTEM AND METHOD FOR ADMINISTERING A GROUP BENEFIT PLAN - A system and method for administering a group benefits plan having a processor configured to receive data for enrolling a participant in a group benefits plan self-administered by an employer, receive a claim submission for the participant, transmit the claim submission to a plan supervisor terminal for review, and receive electronic notification to deny or reimburse the participant's claim submission. | 11-13-2008 |
| 20080281642 | Business method for insurance, warranty or mutual company coverage on concrete, asphalt, brick, stucco, block and stone - This is a business method for concrete coverage insurance and warranty or service contracts for home or business owners calculated by figuring the square footage of an area. The premium is figured by demographics with deductibles in place for high or low loss. Policy duration will be determined by experience of loss, but for the time being, will last for five (5) years and will be transferable. This is possible using all the technology an insurance company has to offer in the industry today with inspections on an annual basis. This will be coverage that is not now written by any company. It is a valuable business asset to a concrete company in the business of repair and new and replacement concrete. The trained inspector will catch problems before they become major structural problems. At the same time, the company will be training property owners on loss prevention and maintaining their concrete. This business method of calculating a premium with fixed deductibles will leave a customer knowing his costs and will show how insurance companies can figure premiums. | 11-13-2008 |
| 20080288295 | Computer System Managing an Insurance Reserve Requirement by Segmenting a Reinsurance Transaction - Apparatus (method implemented with a machine, the machine, and the method for making the machine, and products produced thereby). The computer system can, for example, be structured (e.g., including programmed) to carry out the steps of: calculating an insurance reserve requirement from data; segmenting, for the reserve requirement, an economic reserve requirement from a corresponding excess regulatory reserve requirement to produce components; and carrying out the reinsurance transaction by steps including: allocating the components to different parties, one of the parties from a group including an insurance risk carrier and a source of an asset for said reserve requirement; and assigning assets for the reserve requirement to a reinsurance asset trust to receive reinsurance credit for said reserve requirement. | 11-20-2008 |
| 20080288296 | COMPUTER APPARATUS AND METHOD FOR PERFORMING FINANCIAL TRANSACTION PROCESSING - A computer apparatus for performing financial transaction processing on a plurality of accounts is disclosed. The computer apparatus comprises a data storage device having a plurality of account files, with each account file storing data relating to a particular account; a data processor for processing data relating to the account files; an input for receiving data relating to the account files and an output for outputting data relating to the account files. The input is arranged to receive data relating to debits and credits for particular account files which are processed by the data processor and stored in the corresponding account files on the data storage device. The data processor is arranged such that an account holder may have the file for their account on the data storage device marked with an indicator for activation of assistance when the account holder for that particular account file has committed expenditure which is greater than income. The marking of an account file on a computer apparatus may initiate, for example, the cancellation or repayment of at least a proportion, such as 50%, of an account file's balance on the computer apparatus, the interruption of any further debits from the account and the prompting of a financial review for the account holder which may include debt counselling. The outcome of the debt counselling may initiate cancellation or repayment of any remaining proportion of the account balance on the computer apparatus and closing or freezing of the account. Alternatively, the account on the computer apparatus may be “un-marked” such that it no longer indicates activation of assistance. | 11-20-2008 |
| 20080288297 | Hedged financial product having a guaranteed minimum withdrawal benefit and method of generating the same - A method for generating a hedged financial product having a guaranteed minimum withdrawal benefit including the steps of: formulating a financial product having a guaranteed minimum withdrawal benefit which is defined by a payout calculated based on a function of an investment value of an underlying asset, the investment value being tied to a benchmark that changes based on a first algorithm; and hedging a risk associated with the guaranteed minimum withdrawal benefit by investing funds in one or more assets in accordance with a second algorithm which is a function of the first algorithm. | 11-20-2008 |
| 20080288298 | Method and system for providing low-cost life insurance - The invention generally concerns systems and methods for providing low-cost insurance to a group of individuals seeking insurance. The system and method may determine a group of individuals to be insured. The individuals may be pooled into a collective entity. The entity may be provided with one or more financing instruments. The financing instruments may be used to purchase insurance policies for the individuals in the pool. In some cases the pool may hold the policies as a custodian, paying maintenance fees on the policies and distributing cash flows from the maturity of the policies. | 11-20-2008 |
| 20080288299 | SYSTEM AND METHOD FOR USER IDENTITY VALIDATION FOR ONLINE TRANSACTIONS - A process is proposed that collects minimal personal data of an individual who is conducting a transaction online, either directly or from a third party. The data collected is then matched to a known and validated public profile stored in public and private databases, and a set of Knowledge Based Authentication (KBA) questions are generated from the identified databases and presented to (e.g., displayed or read to via computer generated voice) the consumer for validation of the consumer's identity. Once the individual's identity has been validated, the online transaction by the person can then be authorized. | 11-20-2008 |
| 20080288300 | DATA PROCESSING SYSTEM AND METHOD - A data processing system including a database, a file server coupled to the database, a template engine coupled to the file server. The template engine being configured to create a plurality of insurance brokerage industry templates. The system further including an application service provider interface logic coupled to the file server and the template engine. The application service provider interface logic being configured to receive commands via a communication network from a client device to access an open platform template library in the database and retrieve one of the plurality of insurance brokerage industry templates. | 11-20-2008 |
| 20080288301 | Data processing system and method - Systems and methods are presented for managing at least one database in the insurance brokerage industry. A database is configured to store information regarding a plurality of insurance brokerage industry projects. The database is configured to allow access to brokers via the broker user interface logic. The brokers are permitted to add information in the database concerning the plurality of insurance brokerage industry projects. The database is configured to allow access to the service provider via the application service provider user interface logic. The service provider has a relationship with the brokers in which the service provider provides data management applications for the plurality of insurance brokerage industry projects. | 11-20-2008 |
| 20080294466 | System and Method of Determining the Annuity Value and Cost for Providing Long-Term Health Care for the Elderly - A system and method of providing care annuities that guarantee provision of actual, appropriate custodial care to individuals. The care annuities are priced based on an estimated cost of providing anticipated, appropriate custodial care for an anticipated time period, such as a Medicaid lookback time. Some or all of the calculations involved in pricing and providing the care annuity, including estimating the type, length and cost of custodial care appropriate for an individual, may be made using a suitably programmed computer. A suitably priced care annuity will guarantee the individual actual, appropriate custodial care for as long as actually required and make business sense to the seller of the annuity. The risk of a possible difference between the estimated and actual cost of providing care may be factored into the price in a statistical manner so that the risk can be spread over a pool of care annuities. | 11-27-2008 |
| 20080294467 | EDUCATION INSURANCE AND PROCESS OF IMPLEMENTING THE SAME - An education insurance product and process of implementing the same includes determination of an insurance premium and payment of the insurance premium for an educational insured event where the insured event can be retaken by the insured in the future. At the completion of the event, a determination is made whether the student successfully or unsuccessfully accomplished the event. If the event was unsuccessfully accomplished, an insurance claim can be filed and, if determined to be valid, a claim benefit is issued to the insured allowing the student to retake the insured event in the future without again paying the full enrollment fee for the insured event. | 11-27-2008 |
| 20080294468 | PROCESS FOR AUTOMATING AND SIMPLIFYING COMMERCIAL INSURANCE TRANSACTIONS - The present invention relates to a process for automating and simplifying commercial insurance transactions, particularly at the broker level. Insurance transactions between brokers and insurance companies are automated and simplified through software processes. This is done by maintaining electronic databases of information on insured, insurance companies, and brokers. Brokers are able to view records for their client insureds as well as for the insurance companies from which they will receive quotes. Information is electronically populated into forms having a format which is transferable and readable by any of the parties involved. | 11-27-2008 |
| 20080300923 | METHOD, SYSTEM, AND INTERFACE FOR SETTING HEALTH INSURANCE PREMIUMS - A method, system, and user interface for adjusting and optimizing health insurance premiums based on an individual's participation in health-related programs. | 12-04-2008 |
| 20080300924 | METHOD AND SYSTEM FOR PROJECTING CATASTROPHE EXPOSURE - A web-based application for an insurance carrier that combines national account information and detailed insurance policy information with catastrophe modeling technology. As an event occurs, the modeling technology determines a projected damage area that the event will cause. The insurance carrier can cross-reference that information with its account and policy information. In a short time, the insurance carrier can generate the following catastrophe exposure data: (1) summary reports indicating the projected number of damaged locations for each account; (2) maps and graphs of each account's affected locations that provide a visual image of the epicenter and the concentration of the losses; and (3) tables with detailed property location information. After receiving this data, the insurance carrier can secure the services of independent adjusters and assign other resources according to the scope and magnitude of the projected loss. | 12-04-2008 |
| 20080306776 | SYSTEM AND METHOD FOR RISK ACCEPTANCE IN THE PROVISIONING OF PRICE PROTECTION PRODUCTS - A provider of price protection products may enter into an agreement with a set of terms and associated financial risk with a financial institution such that the financial institution provides indemnification against the financial risk associated with selling a commodity. The provider may analyze data, the terms of the agreement and perform scenario analyses to determine its financial risk and may lay off or take on more risk. The provider may offer price protection products to consumers via computing devices and retail locations. The products may have the same terms as the agreement between the provider and the financial institution, or may have different terms and conditions to either take on or lay off risk. | 12-11-2008 |
| 20080306777 | SYSTEM AND METHOD FOR PROVIDING AN INSURANCE PREMIUM FOR PRICE PROTECTION - Systems and methods for providing an insurance premium in association with an insurance strike price for a commodity are disclosed. By paying the insurance premium a consumer may obtain price protection for a commodity purchase. In particular, in one embodiment a consumer may obtain the right to be reimbursed for any amount paid over the insurance strike price for the commodity. | 12-11-2008 |
| 20080306778 | Accessibility Insurance Coverage Management - Accessibility insurance coverage management is provided. An insurance server receives a coverage request from a requester that includes a user identifier corresponding to a user (i.e. policyholder). The insurance server matches the user identifier with a stored policyholder identifier and retrieves accessibility data corresponding to the matched policyholder identifier. If required, the insurance server updates the policyholder's accessibility data by receiving accessibility data from an accessibility database server. The insurance server identifies the policyholder's coverage using the user's accessibility data along with the user's policy information. The insurance server sends a message to the requester which indicates an amount of the particular item corresponding to the coverage request the insurance server covers. The insurance server receives accessibility service bills on a frequent basis, such as monthly. The insurance server verifies the billing information, pays the bill, and updates policyholder claims paid to date information. | 12-11-2008 |
| 20080306779 | Collateral damage coverage for insurers and third parties - A method for marketing, underwriting, and adjusting damages that are associated with insured loss events but that are not covered by traditional insurance policies. This method permits the marketing of loss expense coverage, underwriting, and claim adjustment processes of insurance to be performed by reference to the loss payments that are made by a specified reinsurance policy. By referencing reinsurance loss payments, which both a buyer and a seller understand, this method provides an easy way to communicate and transact something that is otherwise difficult or impossible to define or measure. | 12-11-2008 |
| 20080312968 | Electronic Payment System for Providing Regular Payment Services for Pre-Paid Mobile Phones - The invention relates to a mobile telecommunication network and specifically a network adapted to provide a pattern identifier and risk analysis system and methodology to enable users of mobile devices within the network to avail of regular payment services such as insurance for their devices. A preferred embodiment of providing a pre-paid subscriber with the facility to avail of insurance is provided. | 12-18-2008 |
| 20080312969 | SYSTEM AND METHOD FOR INSURANCE UNDERWRITING AND RATING - An apparatus and method for underwriting and/or rating an insurance policy, and for generating information for underwriting and/or rating an insurance policy, are provided. The system and method may include identifying a vehicle, determining a value of at least one vehicle history data variable or a group of variables, and underwriting and/or rating the policy based on the value of the at least one vehicle history data variable or a group of variables. The system and method may also include generating a score based on the value of the at least one vehicle history data variable or group of variables. | 12-18-2008 |
| 20080312970 | System and methods for providing additional insurance - The invention provides a system and method for providing additional insurance to a fully-qualified insured party to increase a total benefit amount of insurance. More particularly, the invention provides a computer system and method for providing additional life insurance to increase a total benefit of life insurance to a fully-qualified insured party based upon an underwriting and medical evaluation performed to assess the eligibility of the insured party for an existing or underlying primary life insurance plan. Additional life insurance according to the invention may be obtained through the internet by remote computers and internet access devices well known in the art. | 12-18-2008 |
| 20080319801 | Warranted Retail Transaction - A method of providing a warranty coupled with an identity verification system having the steps of verifying the identity of a party, and, if the identity is fraudulent despite the verification, reimbursing the user of the identity verification system for losses due to the fraud. The warranty may also cover other costs and fees associated with the fraud. The warranty may be provided as part of an identity verification system, or identity verification may be a prerequisite for coverage under the warranty. The warranty may be insured to help distribute costs. There may be exceptions, limitations, and deductibles associated with coverage under the warranty. | 12-25-2008 |
| 20080319802 | LONG TERM CARE UNDERWRITING SYSTEM AND METHOD - A system and method for analyzing risk for underwriting insurance is provided. The method may comprise: inputting data regarding at least one applicant for insurance, wherein at least one item of data relates to a first category and at least one item of data relates to a second category; assigning a numerical risk factor to at least one item of data; generating a first numerical risk score for the first category; generating a second numerical risk score for the second category; generating a composite risk score based on at least the first numerical risk score and the second numerical risk score; assigning a composite risk score to at least one applicant for insurance; wherein the first category comprises medical conditions or severities of medical conditions and the second category comprises negative medical condition interactions. | 12-25-2008 |
| 20090006135 | Accelerated Payments for Health Care Plans - A method for accelerating a payment to a merchant for a healthcare related claim. The method comprises submitting a healthcare related claim for payment from the merchant to a payer; determining at the payer whether the member is eligible for services covered as a part of his or her healthcare plan. If the member is determined to be eligible for payment of claim(s) submitted, then a financial institution is notified of an estimated amount of liability for the claim. At least a portion of the estimated amount of liability for the claim is paid to the merchant by the financial institution. The financial institution thereafter receives a reimbursement/payment from a healthcare finding source for the adjudicated amount of liability for the claim. Once the claim is adjudicated, a healthcare management system reconciles with the merchant for any under or over payment. | 01-01-2009 |
| 20090006136 | System and method for insuring against property inspection contingencies - The invention herein provides indemnity insurance that insures against the risk that a property inspection will reveal a defect that cannot be rehabilitated, causing a contract contingent on a satisfactory property condition to result in the termination of a contract for the sale of the property. More particularly the invention includes identifying a property for sale having an associated risk of a defect; recording a contract for sale having an inspection contingency; generating an insurance policy that accounts for the risk of not satisfying the contingency. The invention further includes generating actuarial statistics from a population of contracts having been voided for failing to meet an inspection contingency; underwriting and binding an insurance policy indemnifying one of a prospective buyer or a seller according to an insurable interest in the property for sale and the actuarial statistics. | 01-01-2009 |
| 20090006137 | Claims processing hierarchy for designee - Methods and systems are provided for processing claims. A hierarchy is created including a claim management case level and a policy level. The claim management case level includes a claim management case node. The claim management case node relates to a designee under a first insurance policy. The policy level includes one or more policy nodes. Each of the policy nodes is associated with an insurance policy relating to the designee. At least one process for the claim management case is performed at the claim management case level. The process applies to at least one insurance policy relating to the designee. | 01-01-2009 |
| 20090006138 | Multiple policy claims processing - Methods and systems are provided for processing claims. A claim management case is created for an insured in response to a notice of a claim. One or more insurance policies covering the insured are associated with the claim management case. In some embodiments, all of the insurance policies covering the insured are associated with the claim management case. At least one process relating to the claim management case is performed at a claim management case level. The process performed at the claim management case level applies to at least one of the insurance policies associated with the claim management case. The processes performed at the claim management case level may apply to all the insurance policies associated with the claim management case. One or more processes relating to the claim management case are performed at a policy level. | 01-01-2009 |
| 20090006139 | Claims processing of information requirements - Methods and systems are provided for processing claims. A claim management case is created for an insured in response to a notice of a claim. One or more insurance policies covering the insured are associated with the claim management case. At least one process is performed at a claim management case level to fulfill an information requirement that applies to at least two of the insurance policies associated with the claim management case. Claims are adjudicated under the one or more of the insurance policies covering the insured. | 01-01-2009 |
| 20090006140 | Claims processing hierarchy for insured - Methods and systems are provided for processing claims. A hierarchy may be created for claims specific to the insured that includes a claim management case level, a policy level, and a coverage level. The claim management case level may include a claim management case node. The policy level may include one or more policy nodes. Each of the policy nodes may relate to an insurance policy covering the insured. The one or more insurance policies covering the insured are associated with the claim management case. The coverage level may include one or more coverage nodes. Each of the coverage nodes may relate to an insurance coverage covering the insured. Each of the insurance coverages may be associated with one of the insurance policies. | 01-01-2009 |
| 20090006141 | Method of Reducing Insurance Costs - A computerized method and apparatus are provided for reducing insurance costs for a drug to an insurer. The method includes the steps of determining a price of the drug from a plurality of pharmacies, the consumer purchasing the drug from a selected pharmacy with a lower relative price of the plurality of pharmacies and the consumer paying a co-pay based upon a pre-determined percentage of the price of the drug. | 01-01-2009 |
| 20090018873 | Deferred Premium Annuities - Deferred premium annuities and accompanying methods are described herein. In some instances, a deferred premium annuity allows a purchaser (e.g., an individual) to pledge assets rather than pay cash up front to purchase an annuity. In these instances, an annuity provider then issues an annuity to the purchaser. In some instances, the provider then may then receive ownership of or an interest in the pledged assets upon death of the purchaser unless the purchaser pays for the annuity before the death of the purchaser. | 01-15-2009 |
| 20090018874 | METHOD AND SYSTEM FOR ISSUING INSURANCE UNDERWRITING INSTRUMENTS - A method and system for issuing an insurance underwriting instrument using at least one computing processor. The system includes a computer processor and a first and second query-able plurality of memory locations storing data indicative of images of a plurality of forms associated with a particular type of fidelity or surety bond and data indicative of policies respectively. The system further includes a user interface for inputting data indicative of an insurance client and of the fidelity of surety bond. A calculator application is included which automatically calculates a premium for the insurance underwriting instrument based on the input data using the computer processor. The system includes software for selecting a sub-set of the data indicative of the images and software for automatically rendering the bond to be issued using the data of bond customer. | 01-15-2009 |
| 20090024419 | System and Method for Categorizing Driving Behavior Using Driver Mentoring and/or Monitoring Equipment to Determine an Underwriting Risk - System and method for monitoring and mentoring driver behavior and vehicle operation and for categorizing or grading a driver's performance. The driver's classification or grade is used to determine or adjust insurance rates, premiums or coverages for the driver. The driver may receive discounted insurance rates for using monitoring and/or mentoring equipment in the vehicle. Insurance companies may use the driver classifications or grades to bid for coverage of groups of drivers having similar classifications or grades. | 01-22-2009 |
| 20090024420 | Automatic insurance adjustments using real world awareness - An electronic product code information service (EPCIS) interface is provided that allows accessing applications residing on a variety of systems to receive EPC-related data. In setting up an insurance policy, the EPC-related data may be used to determine objects covered by the insurance policy and to valuate the covered objects. An insurance premium may be generated for the insurance policy based on this valuation. In addition, changes to the covered objects may be detected based on the EPC-related data and may be used to automatically adjust the insured value and/or insurance premium. | 01-22-2009 |
| 20090024421 | Life rewardance insurance system and methodology - A life rewardance insurance system that includes managing a pooled insurance plan with the following steps: (a) insuring a plurality of individuals in a plan with a pre-defined set of plan enrollment criteria, the plan having a policy term, and the plan paying to designated beneficiaries of each of the survivors of the plurality of insured individuals enrolled in the plan and not paying to designated beneficiaries of insured individuals who are deceased at the end of the policy term; (b) collecting personal identification and age data from the plurality of insured individuals and maintaining them in confidence from others for at least the duration of the policy term; (c) collecting policy premiums from the plurality of insured individuals; (d) investing premiums as may be specified in the plan; and, (e) making payment to designated beneficiaries of each of the survivors of the plurality of insured individuals enrolled in the plan and not to designated beneficiaries of the deceased. | 01-22-2009 |
| 20090024422 | FAMILY PROTECTION INSURANCE METHOD AND SYSTEM - Family protection insurance provides for a flexible and adjustable insurance policy that can be adjustable to be consistent with changes in the adult's insurance needs. The insurance policy is a term policy where, at predefined intervals, the policy owner may increase the policy value without requiring additional underwriting. The policy owner may also, at any time, convert all or a portion of the term policy to permanent insurance, while still maintaining the term policy and replenish the death benefit amounts of the term policy through the intermittent value increments. Thus, adults may adjust the death benefits of the term policy and convert the term policy death benefits to permanent insurance consistent with changing insurance needs. | 01-22-2009 |
| 20090030734 | Insurance Coverage Analysis - An improved insurance coverage analysis method, system, and computer program. All insurance policies owned by a particular business and its alternate entities are processed. Key data from the policies is input into specialized templates. The insurance policy data can be input manually or automatically. The specialized templates are interconnected to automatically generate an overall summary of the business' insurance current coverage. Policy recommendations can also be input and become visible in the summary as well. An overall USA summary graphic is generated to make the obscure data more easily comprehended by a layperson. All insurance coverage information, both detailed and summarized, is presented in a final packet to the business owner. Alternate embodiments include a Web site for automatically conducting the analysis upon upload of the insured's coverage documents. | 01-29-2009 |
| 20090030735 | Method and system for a deferred variable annuity with lifetime benefit payments - A computer implemented data processing system and method administers a deferred variable annuity contract during the accumulation phase for a relevant life. The annuity contract has a payment base value, a contract value, and a step-up provision. Administration of the product determines whether a step-up of the payment base value is applicable. If applicable, the product determines a step-up, wherein the step-up is guaranteed at a predetermined percentage. The investments of the deferred variable annuity contract are not limited to a specific asset allocation in order to qualify for the step-up provision. | 01-29-2009 |
| 20090030736 | Method and system for a facility care benefit in an annuity providing lifetime benefit payments - A method and system provide an annuity contract with a payment base value, a contract value, lifetime benefit payments, and a death benefit, as well as the option of enhanced lifetime benefit payments for a period of time. An insured qualifies for these enhanced lifetime benefit payments when the insured is confined to a nursing home and fails two of six predetermined activities of daily living. The insured retains the option of returning to a lower level of lifetime benefit payments when the enhanced lifetime benefit payments are no longer necessary. The death benefit is reduced by the enhanced lifetime benefit payment withdrawals but the lifetime benefit payment continues to be paid, even if the contract value declines to zero. | 01-29-2009 |
| 20090030737 | Method and system for a deferred variable annuity with flexible lifetime benefit payments - A computer implemented data processing system and method administers a deferred variable annuity contract during the accumulation phase for a relevant life. The annuity contract has a payment base value, a contract value, and a step-up provision. Administration of the product determines whether a step-up of the payment base value is applicable. If applicable, the product determines a step-up, wherein the step-up is guaranteed at a predetermined percentage. The investments of the deferred variable annuity contract are not limited to a specific asset allocation in order to qualify for the step-up provision. | 01-29-2009 |
| 20090030738 | Method and system for a deferred variable annuity with lifetime benefit payments as a function of an inflation adjustment factor - A computer implemented data processing system and method administers a deferred variable annuity contract during the accumulation phase for a relevant life. The annuity contract has a payment base value, a contract value, and a step-up provision. Administration of the product determines whether a step-up of the payment base value is applicable. If applicable, the product determines a step-up, wherein the step-up is guaranteed at a predetermined percentage. The investments of the deferred variable annuity contract are not limited to a specific asset allocation in order to qualify for the step-up provision. | 01-29-2009 |
| 20090030739 | Method and system for a deferred variable annuity with lifetime benefit payments as a function of a predetermined age-based withdrawal percent table - A computer implemented data processing system and method administers a deferred variable annuity contract during the accumulation phase for a relevant life. The annuity contract has a payment base value, a contract value, and a step-up provision. Administration of the product determines whether a step-up of the payment base value is applicable. If applicable, the product determines a step-up, wherein the step-up is guaranteed at a predetermined percentage. The investments of the deferred variable annuity contract are not limited to a specific asset allocation in order to qualify for the step-up provision. | 01-29-2009 |
| 20090030740 | RETIREMENT PLANNING SYSTEM AND METHOD - A computer-implemented retirement planning system comprises data collection logic, modeling logic, and report generation logic. The data collection logic is configured to receive data pertaining to an individual planning for retirement. The retirement modeling logic is configured to process the data to generate parameters of a retirement plan. The retirement plan comprises a retirement income arrangement in which the amount of inflation-adjusted retirement income (from sources other than long term care insurance and health insurance) is larger during early years of the retirement plan and decreases as the maximum life expectancy of the individual is reached. The report generation logic being configured to generate a retirement plan report describing the retirement income arrangement. | 01-29-2009 |
| 20090037226 | UTILIZING LIFE INSURANCE TO BENEFIT A CHARITY - Funding a charity includes identifying an individual whose life represents an insurable interest to the charity, obtaining an insurance policy to cover the identified individual's life, funding premiums for the insurance policy from a funding source other than the insured individual and paying proceeds from the insurance policy for the benefit of the charity, pursuant to an agreement made approximately when the insurance policy was obtained. | 02-05-2009 |
| 20090037227 | System and method for providing transferable pre-need funeral services - A system and method for providing a pre-need funeral services that enables a consumer to select a funeral plan and servicing funeral home, within a desired budget, through a website service or associated telephonic system. Following subscription to a service plan, the consumer will be provided with a Pre-need subscription account which funeral plan and other pre-need plans may Be provided. The present system seeks to maintain a database of all purchased Pre-need plans and pre-need planning services including funeral plans and arrangements so as to facilitate servicing funeral home online delivery of pre-need offerings for servicing funeral homes overall profitability and consumers online pre-need planning service through a subscription service method. | 02-05-2009 |
| 20090037228 | System and Method for Analyzing Complex Insurance Policy Proposals - A system and method for providing businesses with comparative insurance proposal information. The present invention is embodied in an online software system that provides a home page for both agents and businesses and a business only page that provides additional information such as tips on saving money and purchasing insurance. A business first provides underwriting data to those wanting to provide quotes. The insurance agent or representative of the insurance company uploads the proposal(s) to the insurance valuator system via manual or electronic methods the proposed limits and coverage. An automated communication is then generated and sent to the business when the agent logs in and when it is complete. After the proposal information is uploaded, custom reports (based on sets of industry specific rules, guidelines or other criteria) can be generated and viewed or printed by the business. | 02-05-2009 |
| 20090037229 | SYSTEM FOR MEASURING THE EXPOSURE TIME OF THE COVERAGE OFFERED BY AN INSURANCE POLICY - The invention relates to a system which can be used to measure information corresponding to the term of insurance contracts in units of time of less than one day, using devices which are installed in the vehicles (or in other elements which require a mechanical or electrical motor or which are controlled by an electronic system), which are disposed at the insurance company's premises and which are in the possession of the policy holders. | 02-05-2009 |
| 20090037230 | System for Electronic Application of Discounts to Insurance Policies - A method for electronic validation and application of available, standard discounts to eligible automobile and property insurance policies of an insured which will significantly reduce the administrative cost of the paper-intensive processing methods utilized presently by property and casualty insurance carriers. The system employs a validation system which securely collects information from verification entities such as schools for academic discounts and fire and security monitoring companies for homeowner's discounts. The validation system then authenticates the source of the collected information. Once authenticated, this information is processed and provided to insurance carriers electronically. The insurance carriers then provide the discount to the insured's policy. | 02-05-2009 |
| 20090037231 | Method and system for converting an annuity fund to a life insurance policy - A method and system for converting an annuity fund to a life insurance policy at a predetermined conversion date comprising the following steps: establishing an annuity fund of a predetermined value and purchasing a fixed or variable annuity for the annuity fund, establishing an irrevocable life insurance conversion plan including selecting the predetermined conversion date, selecting a predetermined mortality death benefit at the predetermined conversion date and purchasing a guaranteed insurability option to guarantee the availability of the predetermined mortality death benefit at the predetermined conversion date, accruing investment income within the annuity fund on a tax deferred basis until the predetermined conversion date, converting the annuity fund to the life insurance policy with the predetermined mortality death benefit at the predetermined conversion date, accruing income within the life insurance policy until the death of the insured under the life insurance policy and disbursing the death benefit consisting of mortality insurance and accrued cash values to the beneficiary at the death of the insured under the life insurance policy. | 02-05-2009 |
| 20090037232 | Loans Collateralized by Life Insurance Policies - This document describes techniques pertaining to loans collateralized by life insurance policies. | 02-05-2009 |
| 20090043614 | PROCESSES AND SYSTEMS FOR DIRECT MARKETING INSURANCE PRODUCTS WITH VOICE RESPONSE UNIT TO CLOSE SALE THEREOF - The invention provides a method and apparatus for the sale of insurance products using a telemarketing system combined with a voice response unit (“VRU”) housed at a licensed agency to efficiently offer, make, and close the sale of insurance products. The direct marketing process includes providing a lead file to an agency, operating a dialer from the agency to call a consumer, obtaining an indication of interest in an insurance product using an unlicensed agent, and passing the consumer to a VRU housed in a licensed agency to offer and close sale using a pre-approved script. Also, the apparatus for direct marketing of insurance products includes an outbound autodialer, a VRU at a licensed agency, telephonic or computer interfaces, and related connection equipment. | 02-12-2009 |
| 20090043615 | Systems and methods for predictive data analysis - The systems and methods herein generally pertain to the computation of a likelihood that an item with a given set of characteristics will exhibit a future trait. The system generally comprises an input module for receiving the set of characteristics, a database for storing parameters relating to the set of characteristics, a computerized predictive model for estimating the likelihood, a business logic processor for executing the predictive model, and a processor for processing the set of characteristics based on its predicted likelihood. | 02-12-2009 |
| 20090048875 | Wedding insurance - A method and system of insuring a wedding and determine a premium is disclosed. Wedding insurance insures the events or products associated with the wedding of a couple. In order to administer this insurance the amount of coverage may be determined along with the time period of coverage, the trigger for payout of the insurance and payment schedule of the premium. The premium can be determined by the payment schedule, amount of coverage and the probability of divorce of the couple. | 02-19-2009 |
| 20090048876 | SYSTEM AND PROCESS FOR A FUSION CLASSIFICATION FOR INSURANCE UNDERWRITING SUITABLE FOR USE BY AN AUTOMATED SYSTEM - A method and system for fusing a collection of classifiers used for an automated insurance underwriting system and/or its quality assurance is described. Specifically, the outputs of a collection of classifiers are fused. The fusion of the data will typically result in some amount of consensus and some amount of conflict among the classifiers. The consensus will be measured and used to estimate a degree of confidence in the fused decisions. Based on the decision and degree of confidence of the fusion and the decision and degree of confidence of the production decision engine, a comparison module may then be used to identify cases for audit, cases for augmenting the training/test sets for re-tuning production decision engine, cases for review, or may simply trigger a record of its occurrence for tracking purposes. The fusion can compensate for the potential correlation among the classifiers. The reliability of each classifier can be represented by a static or dynamic discounting factor, which will reflect the expected accuracy of the classifier. A static discounting factor is used to represent a prior expectation about the classifier's reliability, e.g., it might be based on the average past accuracy of the model, while a dynamic discounting is used to represent a conditional assessment of the classifier's reliability, e.g., whenever a classifier bases its output on an insufficient number of points it is not reliable. | 02-19-2009 |
| 20090048877 | INSURANCE CLAIM FORECASTING SYSTEM - A computer-implemented process of developing a person-level cost model for forecasting future costs attributable to claims from members of a book of business, where person-level data are available for a substantial portion of the members of the book of business for an actual underwriting period, and the forecast of interest is for a policy period is disclosed. The process uses development universe data comprising person-level enrollment data, historical base period health care claims data and historical next period claim amount data for a statistically meaningful number of individuals. The process also provides at least one claim-based risk factor for each historical base period claim based on the claim code associated with the health care claim and provides at least one enrollment-based risk factor based on the enrollment data. The process also develops a cost forecasting model by capturing the predictive ability of the main effects and interactions of claim based risk factors and enrollment-based risk factors, with the development universe data through the application of an interaction capturing technique to the development universe data. | 02-19-2009 |
| 20090055224 | Health Expense Account, Health Insurance And Financial Product, And System And Method For Providing Employee Health Insurance Benefits - Financial and health and medical care product and service. Health expense account, financial product, health care product that include or interact with the health expense account. System and method for providing products and services to employers and employees using these accounts and financial products and health care products, and to business methods and business models that derive revenues from the products and services and from interactions between and among the providers of components thereof. | 02-26-2009 |
| 20090055225 | SYSTEMS AND METHODS OF PROCESSING HEALTH CARE CLAIMS OVER A NETWORK - Various embodiments of the present invention provide systems and methods for automatically substantiating claims for health care reimbursement account plans, such as a self-funded flexible spending account (FSA), an employer-funded health care savings account (HSA), or a health care reimbursement account (HRA) over a non banking network. In particular, in various embodiments, a claims processing system is configured for receiving a claim for a health care related expense over a non-banking communications network from a health care provider and processing the claim to determine if the health care reimbursement plan account is eligible, if the balance of the account is greater than or equal to the amount of payment requested, and if the claim is sufficiently substantiated. | 02-26-2009 |
| 20090055226 | METHOD AND SYSTEM FOR DETERMINING RATES OF INSURANCE - The invention provides a method and system for determining rates of insurance for travelers based on certain risk parameters. Insurance rates are computed using factor relativities derived from insured data and parameters for several different insurance coverages. Factor relativities are computed through an iterative process using a minimum bias procedure according to each coverage. Parameters are evaluated simultaneously for each coverage to eliminate cross bias from one parameter to another. Once factor relativities are calculated, the system and method allows for a consumer to request a rate on an insurance coverage. The system and method provides the rate using the factor relativities for the requested coverage. The method and system also provides insurance rates to additional or upgraded insurance coverages based on consumer preferences. | 02-26-2009 |
| 20090055227 | Risk Assessment Company - A Risk Assessment Company (RAC) maintains an up to date Risk Profile Data Base (RPDB) on its members based on their normal periodic health checkups. The Risk Assessment Company, therefore, can offer life or health insurance policies from a plurality of carriers to any given member at any given time based on the underwriting class determined by the data in the Risk Profile Data Base. The Risk Assessment Company can also provide a member with a life or health expectancy report containing suggestions on how said person can improve his or her life or health expectancy. | 02-26-2009 |
| 20090063197 | Method and system for billing and payment for medical services - Methods and systems are disclosed for processing a claim for healthcare services where the patient that has an HSA or HRA. A machine readable health card stores special identification data that serves as a link to the HSA or HRA. That data is transmitted to a transaction processor at the time medical services are rendered. The provider sends a statement for services rendered to the insurance carrier, which adjudicates the claim, determining how much is due the provider and how much of that amount is due from the patient as a result of co-payments and/or unmet deductible. This advice is electronically transmitted to the provider and to the transaction processor. The transaction processor merges the patient data with the advice. The amount owed by the patient is transmitted to the institution holding the HSA, which issues payment of that amount directly to the provider from the patient's HSA. | 03-05-2009 |
| 20090063198 | INVESTMENT INSURANCE AUCTIONING METHOD AND SYSTEM THEREOF - A method for providing investment insurance, and a related system, for use in the insurance business of financial e-commerce provides a novel funding operation approach to investment insurance. The novel funding operation approach allows a user to select to expand credit, and increase return on investment, or select to deposit with zero risk. The system for investment insurance allows insurance companies to receive a surrender fee and eliminate interest risk, and the applicant may expand their credit to increase their return on investment for enhanced protection of their insurance policy. | 03-05-2009 |
| 20090063199 | MARRIAGE OBLIGATION FULFILLMENT INSURANCE SYSTEM AND METHOD - A marriage obligation fulfillment insurance method and system is implemented in the marriage insurance area of financial e-commerce. An insurance company using the method and system to incorporate a bid platform can remove interest risk and earn a service charge. The policy owner can expand his credit and investment during the insurance period of a marriage insurance contract set up with the insurance company. The marriage insurance contract will refrain the policy owner from getting divorced. | 03-05-2009 |
| 20090063200 | METHOD AND SYSTEM FOR INITIALLY PROJECTING AN INSURANCE COMPANY'S NET LOSS FROM A MAJOR LOSS EVENT USING A NETWORKED COMMON INFORMATION REPOSITORY - A system and method by which an insurance company can make a loss estimate resulting from a loss event use a networked central repository, such as an electronic collaboration site, for collecting and sharing information to be used in the loss projection process. The common repository can be provided on a computer network that is accessible by a plurality of computers. Upon identifying an incident as likely causing a major loss, information concerning the event can be stored in the repository and reviewed to identify entities involved in, or affected by, the event. A database of in-force insurance policies can be searched for policies held by the identified entities. These identified policies can be reviewed to identify those that should be included in the loss estimate. The loss estimate for the event is generated based on the identified in-force policies. | 03-05-2009 |
| 20090063201 | SoberTeenTM Driving Insurance - Drunk driving causes terrible misery. A new type of auto insurance called SoberTeen™ Driving insurance may help that. SoberTeen driving insurance is auto insurance that provides a 10% to 30% discount to young drivers who always drive sober and are willing to let an insurance company monitor their cars to verify it. Intoxication can be determined from measuring braking force, accelerator use and proximity to nearby cars. A “nonintrusive load monitor” algorithm can figure out if a driver is intoxicated, even if different drivers use the car. The insurance product may be set up so that the policy premium is based on monitoring a young driver during a one month probationary period, but there is no actual monitoring during the next year of insurance coverage. That way, driver privacy is protected. | 03-05-2009 |
| 20090063202 | SYSTEMS AND METHODS FOR PROCESSING A REQUEST TO REPAIR OR REPLACE AN ITEM COVERED BY INSURANCE - A method of providing insurance to a customer that comprises the steps of: (1) selling a service contract to the customer that provides protection against the mechanical breakdown or other failure of an item (and in some cases, accidental damage); and (2) in response to the customer purchasing the service contract, providing, at no cost to the customer, third-party-paid insurance coverage that protects the customer against damage to the item, which, in some cases, includes accidental damage. In one embodiment of the invention, the step of providing the third-party-paid insurance coverage is done in order to permit the provision of insurance without the use of a licensed insurance agent. | 03-05-2009 |
| 20090063203 | Method and system for providing a fixed rate annuity with a lock-in interest rate feature - A data processing method and system administers a deferred annuity contract during the accumulation phase of a contract term. The annuity contract permits the annuitant to select both an interest rate which is reset periodically (reset rate) and an interest rate which is guaranteed for multiple years (MYG rate), during the same contract term. The annuitant may elect to automatically switch from the reset rate to the MYG rate, for the remainder of the contract term, when the reset rate falls below the MYG rate. | 03-05-2009 |
| 20090070150 | Methods and Systems for Managing the Risks of Patent Coverage - Presented herein are methods and systems for managing an entity's risks of patent coverage. More specifically, the present invention is directed to methods and system for insuring an entity against damage awards in patent litigation. The presented methods and systems allow a manufacturer to minimize their exposure to damage awards in patent litigation by conducting pre-emptive analyses and properly allocating funds for royalty payments and/or damage awards. An insurance market is also established to insure the manufacturer against excessive damage awards. | 03-12-2009 |
| 20090070151 | Advanced integrated data environment - The present invention is directed towards a computer software package for managing data related to the purchase of a future value asset. The invention includes a database of data related to at least one account identifying a transaction between a holder of a future value asset and a purchaser of future value assets. The data includes information regarding the transaction. The invention further includes an interface that allows access to the data and a generator for producing a report of an account. | 03-12-2009 |
| 20090070152 | SYSTEMS AND METHODS FOR DYNAMIC QUOTE GENERATION - Accurate quotes can be generated using a dynamic approach to obtaining information. A set of questions can be generated to be displayed to a user. At least some of the questions can be evaluative questions, such that when an answer is received that answer is analyzed and the set of questions can be updated based upon the answer as determined by various business rules, etc. Once all answers are obtained, the answers are analyzed using a database of quote information and a set of quotes can be generated automatically. Information such as the carrier for each quote can be withheld such that the user is not able to independently use the quote to buy a product or service, and a user also can be prevented from going back and changing answers to the various questions in order to adjust the quotes displayed. | 03-12-2009 |
| 20090070153 | METHOD AND SYSTEM FOR ENDOWMENT INSURANCE AT AUTONOMOUS INTEREST RATES - A method and a system for endowment insurance at autonomous interest rates implemented in the insurance field of financial e-commerce are provided, in which endowment insurance funds are operated in a new mode through a deposit and borrowing platform at autonomous interest rates. Thus, an insurance company can avoid bearing interest rate risks, and a consumer earns an interest of direct finance before winning a bid and has opportunities of raising funds and expanding investment after winning the bid, so as to earn higher returns than the conventional endowment insurance in a form of club deposit. | 03-12-2009 |
| 20090070154 | System for funding roadways within a state - Disclosed is a method for funding thoroughfares in a state by requiring insurance companies doing business within a state fund a pool of money managed by a fund manager. When a driver is issued pulled over and is issued a summons or has an incident on a roadway the police report the number of emergency vehicles involved at the time and a prescribed fee is released from the pool of money to the designated state department the use of improving roadways. The find manager reports to the insurance company of the driver and the insurance company assesses the fee and a charge to the driver to replenish the pool of money. | 03-12-2009 |
| 20090076858 | Business process automation in a health plan organization - The computer implemented method and system disclosed herein automates business processes of a health plan organization using a plurality of portals. The portals comprise a sales portal, a member portal, an employer portal, an administration portal, and a provider portal. Health plans are listed using the sales portal. A sales agent proposes at least one of the health plans to a consumer using the sales portal. The administration portal generates insurance quotes for the proposed health plans. The consumer enrolls for the proposed health plans using one of the member portal and the employer portal. The consumer is billed for the enrolled health plans based on the insurance quotes using the administration portal. The consumer pays a premium amount online for the enrolled health plans using the member portal or the employer portal. The administration portal then generates commissions for the sales agent for the enrolled health plans. | 03-19-2009 |
| 20090076859 | SYSTEM AND METHOD FOR HEDGING PORTFOLIOS OF VARIABLE ANNUITY LIABILITIES - A system and method for managing hedge program liability involving obtaining policyholder information that constitutes the liability portfolio and asset information that constitute the asset portfolio; simulating at least one partial sensitivity and valuation for the liability portfolio for projected market data to obtain valuation simulation data. The system and method then involves using market date information estimating at least one partial sensitivity and valuation of the liability and asset portfolios using the simulated partial sensitivity and the market data. Based on comparing the one estimated partial sensitivity against at least one partial sensitivity limit buying or selling one or more assets to restore the estimated partial sensitivity within the limit if the estimated partial sensitivity breaches the at least one partial sensitivity limit. | 03-19-2009 |
| 20090076860 | METHOD AND SYSTEM FOR PROVIDING INSURANCE - The invention provides a method for providing insurance. A body material of an animal is deposited in a depository of such animal body material. An insurance policy is established stipulating that the depositor of the animal body material is indemnified for expenses incurred for a medical or cosmetic treatment of the animal requiring body material of the type deposited by the depositor. A periodic premium for the insurance is collected. The invention also provides a system for providing the insurance. | 03-19-2009 |
| 20090076861 | INVESTMENT STYLE LIFE INSURANCE PRODUCT WITH REPLACABLE INDIVIDUAL POLICY COMPONENTS - The present invention includes a data model which supports database operations that are associated with an insurance product issued by an issuer that provides a consumer with an ability to purchase an investment style life insurance policy, the individual components of which (e.g., term insurance, investments, cash and fees) can be controlled and/or replaced by the consumer. The data model enables the individual components to be tracked by the issuer so that the correct insurance coverage and investment returns are provided (and appropriate fees levied) as the consumer makes changes to the individual insurance policy components. | 03-19-2009 |
| 20090083076 | Techniques for ensuring data security among participants in a web-centric insurance management system - A scalable, adaptable, modular, and web-centric Insurance Back-Office System (IBOS) for serving the needs of carriers, agencies, agents, and service providers in the insurance industry is disclosed. The IBOS provides a framework for allowing web-centric collaboration among agents, agencies, carriers, and service providers, using applications that manage applicants, cases, and policies in an efficient and secure manner. The IBOS infrastructure is designed to facilitate the creation of a new application, module, tool, or view in a simplified manner. | 03-26-2009 |
| 20090083077 | Techniques for arranging views and navigating in a web-centric insurance management system - A scalable, adaptable, modular, and web-centric Insurance Back-Office System (IBOS) for serving the needs of carriers, agencies, agents, and service providers in the insurance industry is disclosed. The IBOS provides a framework for allowing web-centric collaboration among agents, agencies, carriers, and service providers, using applications that manage applicants, cases, and policies in an efficient and secure manner. The IBOS infrastructure is designed to facilitate the creation of a new application, module, tool, or view in a simplified manner. A multi-tiered framework of application, module, tool, and view facilitates ease of navigation for users. | 03-26-2009 |
| 20090083078 | DAMAGE INPUT MATRIX REDESIGN - A method and system for analyzing damage to a package to process a damage claim is disclosed. Each package contains one or more pieces of merchandise, internal packaging surrounding the merchandise, such as bubble sheets, and external packaging, such as an envelope or box. In accordance with the method of the present invention, the system is configured to determine the type of merchandise within a package, associate a fragility class with the merchandise, and determine the minimum packaging requirements for the merchandise by referencing one or more minimum packaging requirements matrices. Depending on the comparison of the package with the minimum packaging requirements, the present invention either approves or denies a damage claim for the package. | 03-26-2009 |
| 20090083079 | System and method of processing a health insurance claim - A system and method of processing a health insurance claim are provided. According to the method, transaction data is received that has been transmitted from a third party computer via an open communication channel with the third party computer. The transaction data relates to a health insurance transaction and includes at least a unique identifier for a beneficiary of a health insurance plan to whom the health insurance transaction relates and details of a transaction that is being requested to be processed. The transaction is processed while the communication channel remains open to ascertain if the transaction is an allowable transaction. In response to the transaction submitted, a message is transmitted via the open communication channel to the third party computer wherein the message indicates that the transaction has been processed and that the transaction is an allowable transaction with or without patient collection or that the transaction is not an allowable transaction. The system and method allow for multiple rules to be created for unique sets of circumstances using multiple or singular inputs across multiple health insurance plans using a single system. | 03-26-2009 |
| 20090089101 | Techniques for underwriting insurance policies using web-centric insurance management system - A scalable, adaptable, modular, and web-centric Insurance Back-Office System (IBOS) for serving the needs of carriers, agencies, agents, and service providers in the insurance industry is disclosed. The IBOS provides a framework for allowing web-centric collaboration among agents, agencies, carriers, and service providers, using applications that manage applicants, cases, and policies in an efficient and secure manner. The IBOS infrastructure is designed to facilitate the creation of a new application, module, tool, or view in a simplified manner. The web-centric application includes a first module for creating a case and a second module for tracking the case after the case has been submitted to the carrier for consideration. | 04-02-2009 |
| 20090089102 | METHODS AND SYSTEMS FOR ADMINISTERING INDEXED LIFE INSURANCE - Disclosed is a system and method for administering a life insurance policy to provide increased interest based on specifically weighted linkage to multiple equity indices that typically may include Standard & Poor's 500 Composite Price Index, Dow Jones EURO STOXX 50, the Hang Seng Index, and/or derivatives thereof wherein the leading-performing index during a look back period is weighted more heavily than any other index. Also disclosed is a computer system using at least one administration component to implement a series of steps associated with administering an equity indexed-interest universal life insurance policy. | 04-02-2009 |
| 20090089103 | METHOD AND INSURANCE PLATFORM FOR INVESTMENT-TYPE WHOLE LIFE INSURANCE AT AUTONOMOUS INTEREST RATES - A method and insurance platform for whole life insurance implemented in the insurance field of financial e-commerce is provided. The present invention reflects the interactivity between a consumer and a platform provider in the age of network technology, and creates an insurance platform to enable the consumer to expand his/her credit on the platform and increase investment opportunities according to his/her own risk preference. | 04-02-2009 |
| 20090089104 | Point-of-Sale Investment Systems - As a positive alternative to lottery gambling, this invention permits consumers to elect to make small investments through lottery terminals. The investments are preferably made in a stock market based investment such as an Equity Index Annuity. Consumers may make investments anonymously and then consolidate them later into an account which may be managed in a manner similar to other investments. Subject to the policies regarding early redemption, consumers may also withdraw the invested amounts plus any associated gains. | 04-02-2009 |
| 20090094064 | Healthcare Insurance Claim Fraud and Error Detection Using Co-Occurrence - A healthcare insurance claim that includes variables characterizing aspects of a healthcare service for which reimbursement is sought is analyzed in order to determine whether there are any aspects that are indicative of fraud or error. This analysis includes generating score variables from the variables of the healthcare insurance claim and determining whether a presence of one or more of the pairs of variables is indicative of fraud or error based on levels of co-occurrence of the one or more pairs in historical healthcare insurance claims. If a positive determination occurs, then the healthcare insurance claim can be flagged or elevated for review by a user. Related techniques, apparatus, systems, and articles are also described. | 04-09-2009 |
| 20090094065 | Systems and methods for underwriting risks utilizing epigenetic information - Methods and devices are described for calculating insurance premiums based upon epigenetic information. | 04-09-2009 |
| 20090094066 | Methods and Systems for Providing Vehicle Insurance - According to certain embodiments of the present invention, a method is provided for providing insurance including: permitting a customer to access a retail website; retrieving intelligently, from the customer through the website, a first limited set of information pertaining to the customer and a vehicle of the customer; determining, from the first limited set of information, a first insurance rate corresponding to a first insurance policy from a first insurer and a second insurance rate corresponding to a second insurance policy from a second insurer, wherein the first and second rates are determined without intermediately consulting the first and second insurers; evaluating which of the first and second rates is preferable to the customer to determine a preferred insurance policy; displaying information corresponding to the preferred insurance policy to the customer; and providing an option to the customer to purchase the preferred insurance policy. According to an embodiment, the method further includes retrieving intelligently, from the customer through the website, a second limited set of information pertaining to the customer and a vehicle of the customer when the customer opts to purchase the preferred insurance policy. According to an embodiment, the method further includes communicating substantially immediately, to the user, legally binding documents for the preferred insurance policy after the user purchases the preferred insurance policy to form a purchased insurance policy. | 04-09-2009 |
| 20090094067 | Systems and methods for company internal optimization utilizing epigenetic data - A method includes receiving epigenetic information associated with at least a first individual and/or assessing at least one corporate liability at least partially based on the epigenetic information associated with at Least a first individual. | 04-09-2009 |
| 20090094068 | METHOD AND APPARATUS FOR CONSTRUCTING INSURANCE PRODUCTS - Running the individual illustration systems provided by the insurance companies is very complicated and time consuming. It requires an intimate knowledge of each system. This invention allows an agent to bypass all of that. The agent does not have to be an expert. The system | 04-09-2009 |
| 20090094069 | INVESTMENT FUND FOR MAXIMIZING A RISK ADJUSTED EXPECTED RETURN WHILE PROVIDING A DEFINED MINIMUM INCOME AT MATURITY - An investment fund maximizes an investor's risk-adjusted expected return on an investment while also providing the investor with a defined minimum level income upon the maturity of the investment. The investment fund comprises a risk-free portfolio and an upside portfolio. The risk-free portfolio holds risk-free assets that provide a defined minimum income stream upon a predefined maturity date, and the upside portfolio holds sophisticated assets that are only available to qualified investors that meet one or more investing criteria. As new contributions are added to the fund, they are allocated between the risk-free and upside portfolios so that the fund will provide a minimum defined income stream upon its maturity date, where this minimum income amount may increase as more value is added to the fund. Upon maturity, the investor receives the income stream from the risk-free portfolio and the assets from the upside portfolio. | 04-09-2009 |
| 20090094070 | SYSTEM AND METHOD FOR PROCESSING AND ADMINISTERING FLEXIBLE GUARANTEED INCOME PAYMENTS - A system is provided for administering fixed income immediate and deferred payments in any of a plurality of different payout schemes selected by a purchaser to accommodate varying retirement income needs. The system can be configured to administer an immediate income annuity where payments start within one year and the system can also administer a deferred payout annuity through a single dual natured payout contract. Additional options available for administration by the system include options to permit the contract owner to change the annuity commencement date and the ability to commute future period certain periodic payments into a single lump sum payment. | 04-09-2009 |
| 20090094071 | METHOD FOR PROCESSING INSURANCE COVERAGE REQUESTS - A method for processing insurance coverage requests. An insurance data processing system (IDPS) receives at least one request from a customer relating to insurance coverage for the customer. Each request independently requests activation or deactivation of the insurance coverage. The requests are ordered in a time sequence if the at least one request includes more than one request. The IDPS verifies, for each request received, that it is permissible for the IDPS to accommodate each request. After each request is verified, the IDPS archives each request in a non-volatile storage medium of the IDPS. | 04-09-2009 |
| 20090099877 | Systems and methods for underwriting risks utilizing epigenetic information - Methods and devices are described for calculating insurance premiums based upon epigenetic information. | 04-16-2009 |
| 20090099878 | METHODS, APPARATUS AND COMPUTER PROGRAM PRODUCTS FOR PROCESSING CLAIMS - A method, apparatus and computer program product are provided for processing of an original batch of documents in which any document of the original batch that fails to comply with the predefined specification is identified to be a non-compliant document. At least one non-compliant batch is then formed that contains the non-compliant documents. The non-compliant batch is distinct from at least one compliant batch that contains any documents that do comply with the predefined specification. At least one of the non-compliant and compliant batches advantageously includes a plurality of documents. The complaint batch(es) may then be forwarded for further processing without awaiting rework of the non-complaint documents included in the non-compliant batch(es). | 04-16-2009 |
| 20090106052 | COMPUTERIZED ACQUISITION AND COMPILATION OF VEHICLE ACCIDENT INFORMATION - Vehicle accident information is collected at the scene of an accident utilizing a portable communication device having a user interface and a digital camera. A user loads an application onto the user interface of the portable communication device, displaying instructions for collecting accident information and instructs the user to record and input vehicle accident information to the application through the portable communications device that may also include digital images. The user may then transmit the accident information to a database where it is stored, may be edited by the user and forwarded to third parties. | 04-23-2009 |
| 20090106053 | System and method for processing payroll related insurance premiums - A computer process for determining an insurance premium comprises: validating username/passwords; receiving payroll data asynchronously or scheduled in real time; extracting payroll data required for premium determination; detecting the presence or absence of fraud related to the payroll data; applying state jurisdictional inclusion and exclusion rules applicable to workers' compensation premiums; transferring premium to a billing system for debiting the customer account. The elements to the system comprise a payroll system configured with an accounting/bookkeeping software where regular payroll data resides; a utility that permits reading payroll accounts residing in the accounting/bookkeeping software; an Internet connection having a browser; a filter to allow extraction of payroll data exclusive of other payroll deductions; a rules engine customized to a particular remote payroll system that includes a mechanism to separate different occupations and a billing system. | 04-23-2009 |
| 20090106054 | CLINICAL DATA EVALUATION AND SCORING FOR NON CLINICAL PURPOSES SUCH AS BUSINESS METHODS FOR HEALTH INSURANCE OPTIONS - A method of doing business is disclosed for the sale of insurance options. An individual is assigned a Health Risk Score (HRS); in a preferred embodiment, the HRS is determined by using an automated case-based method for assessing risk. The individual may then purchase an option for insurance coverage that will begin only after a predetermined period of time. At the beginning of that period, the individual's HRS is re-evaluated, and if it remains within predetermined acceptable limits, the individual may then obtain insurance coverage with premiums and benefits defined at the time of the purchase of the option. A case-based method for assessing risk is disclosed, in which various risk factors and their combinations are used to provide a scoring matrix. This scoring matrix is then used to evaluate the individual's HRS. | 04-23-2009 |
| 20090112632 | System and method for generating and providing a simplified voluntary disability product - Disclosed is a novel disability insurance product that provides a benefit to the purchaser. The insurance product comprises a disability insurance product which offers coverage for a predetermined limited period of time. If at the end of the predetermined period of time the insured individual is still disabled according to the terms of the insurance product, the insurance provider will pay a lump sum benefit. | 04-30-2009 |
| 20090112633 | Systems and methods for securitizing longevity risk - A system for structuring credit support in connection with life insurance premium finance loans and securitizing longevity risk includes a trust having a life insurance policy and a premium finance loan from a lender that finances the cost of the premiums of the life insurance policy. The life insurance policy is used as collateral for the premium finance loan. The trust provides to the lender additional collateral in the form of a letter of credit or other forms of collateral to cover any shortfall between the balance and the policy cash surrender value. A longevity risk fund provides the credit support by entering into a collateral support agreement with the trust through a credit source. The longevity risk fund receives compensation in the form of risk adjusted return on exposure, in exchange for providing the additional collateral. The cash flows received from the credit support obligations are then securitized through the transfer of the related collateral support agreements (either by legal transfer or economic participation) to a special purpose vehicle that issues securities (either equity or debt) to the capital markets. | 04-30-2009 |
| 20090112634 | Insurance Transaction System and Method - The present invention is a system and method of creating insurance with a switching device that limits the liability of the insurer and the potential loss of the insured. | 04-30-2009 |
| 20090112635 | Foreign Non-Qualified Deferred Compensation Hybrid Trust Strategy - Rubinstein & Rubinstein, LLP has developed a new, tax compliant invention which allows a U.S. taxpayer who is an employee of an entity based in a foreign jurisdiction, and/or the Employee's family, to minimize taxation on distributions from a foreign non-qualified deferred compensation plan. The strategy applies to foreign entities that have established deferred compensation plans for U.S. employees in compliance with IRS rules and regulations. The invention differs from generic deferred compensation plans because it allows a U.S. person to attain the benefits of participating in a deferred compensation plan all while maintaining minimized taxation on distributions from the plan. | 04-30-2009 |
| 20090112636 | Investment-Linked Insurance Apparatus and Method - An investment-linked insurance apparatus and method are provided. The investment-linked insurance apparatus comprises an insurance process module, a cash flow module, a credit evaluation module, a bid process module, and a database. The insurance process module receives an insurance request of an applicant. The cash flow module receives a payment of a premium of the applicant. The credit evaluation module determines whether a credit line of the applicant is greater than the predetermined amount. The insurance process module issues an investment-linked policy of the applicant in response to the payment. The bid process module receives a placed bid of a current bid term of the applicant and calculates a predetermined bid of the current bid term. By the investment-linked insurance apparatus and method, an applicant can buy the investment-linked policy in a user-friendly environment. | 04-30-2009 |
| 20090112637 | METHOD FOR USING ENVIRONMENTAL CLASSIFICATION TO ASSIST IN FINANCIAL MANAGEMENT AND SERVICES - Managing risks of crop production can be performed by understanding the relative performance of different agricultural inputs under the same or similar environmental conditions. In addition, managing of crop production risks can be performed by understanding variations in the performance of the same agricultural inputs over a range of environmental conditions. By being able to describe and understand these variations in performance, decisions can be made which are consistent with overall business and/or production objectives and limit risk associated with variations in environmental conditions. In addition to producers there are other stakeholders in the crop production process, such as financial institutions, insurance providers, users of crops produced, and input suppliers. These and other stakeholders can provide financial incentives to producers for managing crop production risks through use of environmental classification and/or genotype-by-environment information. | 04-30-2009 |
| 20090119132 | Dynamic System and Method for Automated Checking and Transmitting of Damage Reports and Damage Claims - The present invention relates to a dynamic system and a corresponding method for automated checking and transmitting of damage reports and damage claims in multi-level damage coverage systems. The dynamic system comprises decentralized, cellular capturing units with assigned areas for capturing damage records, a central unit being bidirectionally connected via a network to the capturing units. The central unit comprises a filter module for selecting first and second damage records based on assigned threshold values, an analysis module for detecting and eliminating first damage records wrongly captured by means of the capturing units, and a regulator module for dynamic adjustment of the threshold values assigned to the respective areas based on the filtered first damage records. Finally, the filtered first damage records, without wrongly captured first damage records, are transmitted to the processing device and are released for multi-level damage coverage, by means of the central unit. | 05-07-2009 |
| 20090119133 | METHOD AND SYSTEM FOR POLICY UNDERWRITING AND RISK MANAGEMENT OVER A NETWORK - A system and method for collecting insurance information, providing premium quotations, and automating policy issuance and claim processing. An embodiment utilizes automated, task-based work flow process that enables all parties to work efficiently to issue policies and handle policies. | 05-07-2009 |
| 20090119134 | Auction system and system of forming investment trust and financial products and funds including viatical and life settlement - An auction system between a seller and a bidder via a communication network, for calculating a proper price of a viatical and life settlement policy based on the amount of insurance carried by an insured, the estimated remaining life of the insured, an insurance premium due to be paid by the insured, a commission fee of an investment trust institution and the annual interest of the policy, for preventing the policy from being set at an illegally low price and allowing the insured to sell the policy at an optimized market price while maintaining a fair trade. Whether or not already-distributed key information is used for login, charges can be withdrawn from a trade account available for online settlement, and it is possible to confirm whether a seller or bidder has carried out an illegal action, so that troubles such as unpaid fees can be greatly reduced. | 05-07-2009 |
| 20090125338 | METHOD OF INSURING A LOTTERY TICKET - A method of insuring a lottery ticket. The method includes providing an option on a lottery ticket to purchase insurance to use the same numbers presented on the ticket in future drawings. Specifically, with the purchase of the insurance if you would forget to purchase a ticket for a subsequent drawing wherein the numbers were winning numbers the consumer would receive a payout representing a portion of the winning jackpot by virtue of having the insurance. | 05-14-2009 |
| 20090125339 | Insurance Policy Management System With Wireless Pen - The present invention relates to a computer system for managing an insurance policy. The system includes a printer configured to print visible policy information and invisible coded data tags on print media. The printer is further configured to receive transmitted sensed data associated with the data tags. A pen-type device includes an image sensor configured to sense the data tags and wirelessly transmit the sensed data to the printer. One or more servers are interfaced to the printer via a network. The servers are configured to receive the sensed data from the printer and to perform a task related to the insurance policy based upon the sensed data. | 05-14-2009 |
| 20090132289 | SYSTEM AND METHOD FOR FACILITATING HEALTH SAVINGS ACCOUNT PAYMENTS - Ways are provided for a health care organization (HCO) to facilitate payments from a tax-advantaged medical savings account, such as an HSA account, in conjunction with claim processing, by way of automatically debiting an HSA account and providing an integrated claim payment adjustment functionality to eliminate underpayments and/or overpayments for the HSA and health plan balances. A claim processing module reprocesses the claim to adjust the respective balances in one or more of the following ways: (a) HCO crediting the HSA account to eliminate the overpayment from the HSA, (b) HCO issuing a collection request to the health care provider to adjust for overpayment of the HCO balance, (c) HCO issuing a second payment to the health care provider to adjust for the underpayment of the HCO balance, and (d) HCO rebalancing the member and HCO-responsible portions of the claim. | 05-21-2009 |
| 20090132290 | System and method for identifying and evaluating nanomaterial-related risk - A system, method, and processor-readable medium are provided for quantitatively evaluating risk associated with nanotechnology. An insurance company computing system obtains nanomaterial-related data from a variety of sources, including nanomaterial sensors such as differential mobility analyzers located on-site at an insured facility. The insurance computing system uses the obtained data and a computerized model to compute a risk score that is used in evaluating the insurability of the facility or the operating entity. An insurance policy or modifications to an existing insurance premium are subsequently produced based on the computed risk score. | 05-21-2009 |
| 20090132291 | Method and system for management of selling and buying items - An online system and method where a user can post items for selling and where the payment the user receives is depositable in a plurality of saving options that include insurance policies, financial accounts, investment plans, accounts with investment groups and banks. The invention comprises steps of: (1) allowing users to decide designating a saving option account; (2) allowing users to decide composition of saving options; (3) allowing users to decide depositing priority of saving options.(4) allowing users to post items for sale such that the items are searchable by other users searching a database; and (5) allowing buyers to deposit payment in said designated saving option account. | 05-21-2009 |
| 20090132292 | SYSTEM AND METHOD FOR COMMUNITY BASED INSURANCE - A system and method for community-based insurance. According to one embodiment, a device may receive one or more attributes of a residential community in which a homeowner owns a residence, determine whether the attributes satisfy criteria to qualify the homeowner for an insurance policy, calculate, if the criteria is satisfied, a premium for the insurance policy, and generate the insurance policy based on the calculated premium. | 05-21-2009 |
| 20090132293 | System and Method for Identifying and Evaluating Nanomaterial-Related Risk - A system, method, and processor-readable medium are provided for quantitatively evaluating risk associated with nanotechnology. An insurance company computing system obtains nanomaterial-related data from a variety of sources, including nanomaterial sensors such as differential mobility analyzers located on-site at an insured facility. The insurance computing system uses the obtained data and a computerized model to compute a risk score that is used in evaluating the insurability of the facility or the operating entity. An insurance policy or modifications to an existing insurance premium are subsequently produced based on the computed risk score. | 05-21-2009 |
| 20090132294 | METHOD FOR RANKING DRIVER'S RELATIVE RISK BASED ON REPORTED DRIVING INCIDENTS - The present invention relates generally to the field of improvement in the driving risk assessment arts. More particularly, but not by way of limitation, the present invention generally relates to a method of rating the driving risks of individuals based on that driver's actual driving record as obtained from his or her fellow drivers. | 05-21-2009 |
| 20090132295 | Method of Reducing Malpractice Premiums for Physicians - Methods of reducing medical malpractice insurance premiums for physicians or hospitals and reducing health care costs for employees covered by an employer's health plan. Employees waive their rights to litigate any potential medical malpractice claims. The reduction of risk of potential malpractice claims reduces the cost of insuring medical malpractice policies. These reduced costs for the insurance underwriters are passed as savings to employees in the form of reduced health insurance premiums and physicians in the form of reduced malpractice insurance premiums. | 05-21-2009 |
| 20090132296 | Tracking a participant loss in a virtual world - Embodiments include an apparatus, device, system, computer-program product, and method. In an embodiment, a system includes a virtual world in which a participant may participate. The system also includes a covered-loss detection module operable to identify an occurrence of a defined loss in the virtual world suffered by the participant. The defined loss is described in an agreement that includes an obligation of a protection entity to provide a benefit to the participant upon an occurrence in the virtual world of the defined loss. | 05-21-2009 |
| 20090132297 | Probability adjustment of a virtual world loss event - Embodiments include an apparatus, device, system, computer-program product, and method. In an embodiment, a computer-implemented system includes a virtual world in which a participant may participate and that includes a loss event having a likelihood of occurrence. The computer-implemented system also includes a record of a protected loss corresponding to the loss event, the protected loss described in an agreement that includes an obligation to provide a benefit to the participant upon an occurrence of the protected loss suffered in the virtual world by the participant. The computer-implemented system further includes a loss event regulator module operable to change the likelihood of occurrence of the loss event in response to the protected loss. | 05-21-2009 |
| 20090132298 | Mortgage foreclosure insurance product and method for hedging and calculating premiums - A method and means produce a value of a premium for an insurance product which make a homeowner's mortgage payment in the event of default. A computer program uses financial data that has been entered into an insurer's database to generate a value for the premium for the insurance product. Financial data includes a predetermined set of parameters such as the homeowner's monthly mortgage payment, asset valuation, the terms and conditions of the associated mortgage loan, and borrower creditworthiness. Financial data further includes the costs of hedging and the accompanying reduction in risk. Hedging vehicles, e.g., futures or derivatives of futures, may be based on values of homes in the market including the location of the insured homeowner. | 05-21-2009 |
| 20090132299 | SYSTEM AND METHOD FOR IDENTIFYING AND EVALUATING NANOMATERIAL-RELATED RISK - A system, method, and processor-readable medium are provided for quantitatively evaluating risk associated with nanotechnology. An insurance company computing system obtains nanomaterial-related data from a variety of sources, including nanomaterial sensors such as differential mobility analyzers located on-site at an insured facility. The insurance computing system uses the obtained data and a computerized model to compute a risk score that is used in evaluating the insurability of the facility or the operating entity. An insurance policy or modifications to an existing insurance premium are subsequently produced based on the computed risk score. | 05-21-2009 |
| 20090132300 | METHOD AND SYSTEM FOR PROVIDING MINIMUM CONTRACT VALUES IN AN ANNUITY WITH LIFETIME BENEFIT PAYMENTS - A data processing method administers a deferred annuity contract during the accumulation phase for a relevant life. The annuity contract has a contract value, a guarantee of lifetime benefit payments and a minimum contract value. Administration of the contract determines a minimum contract value, while paying a lifetime benefit payment and a guaranteed death benefit. The lifetime benefit payment does not reduce the contract value below the minimum contract value. If necessary, the lifetime benefit payment is funded by the general account assets of the company that issues the annuity contract. | 05-21-2009 |
| 20090132301 | RANDOMIZED COMPETITIVE INSURANCE PRICING SYSTEM AND METHOD - A system and method of generating insurance risk samples and for comparing hypothetical and real insurance premiums of different insurance companies is disclosed. In some embodiments, one or more rating factors are defined and have a plurality of possible values at least partially defining an insurance risk. Values for the one or more rating factors are selected according to a predetermined distribution. The selected values are then used to generate sample risks, calculate sample premiums for the risks, and/or compare sample premiums for different types of insurance policies. | 05-21-2009 |
| 20090138290 | INSURANCE ADJUSTMENT THROUGH DIGITAL IMAGING SYSTEM AND METHOD - This invention relates generally to insurance adjusting and damage appraisal, and more specifically, to systems and methods for insurance adjustment and damage appraisal through digital imaging. In one embodiment, the invention includes a method for providing an insurance adjustment or damage appraisal, which includes the steps of a user generating an image of a damaged vehicle, sending the image to an image processing center, comparing the image to an image of a similar undamaged vehicle, which is stored in a database, and generating a damage appraisal or insurance adjustment based on differences in the depicted vehicles. | 05-28-2009 |
| 20090144094 | Systems And Methods For Hospital Confinement And Care Industry Insurance Policy - In various disclosed embodiments, systems, methods, and hospital confinement and care insurance policies can be used to provide coverage to an ill person confined to a hospital or a caregiver providing assistance to such ill person to compensate for lost income due to absence from work. | 06-04-2009 |
| 20090144095 | METHOD AND SYSTEM FOR ASSESSING AND MANAGING BIOSAFETY AND BIOSECURITY RISKS - Methods and systems for evaluating, mitigating, and managing biosafety and biosecurity risks. The methods and systems establish biosafety and biosecurity risk management procedures and systems, and facilitate auditing of facilities and testing individuals and companies to evaluate compliance with such procedures and systems. Systems and business methods for establishing biosafety and biosecurity risk management procedures and systems, auditing and certifying companies, facilities, systems and individuals for compliance, and analyzing biosafety and biosecurity risks for making investment decisions and for pricing and underwriting such risks in the insurance industry. | 06-04-2009 |
| 20090144096 | VALUING ENVIRONMENTAL CREDITS - A method of creating environmental credits, the method including determining a damage caused by an environmental injury and determining a solution for the damage. Additionally, the method includes monetizing the solution into a credit that replace the damage, wherein the credit is valued in terms of the environmental injury, and creating the credit. Also, a method of valuing environmental credits, the method including determining a solution to an environmental damage and monetizing the solution into a credit. Additionally, the method includes valuing the credit based on the environmental benefits of the solution and outputting the valuation. | 06-04-2009 |
| 20090150189 | Hybrid life insurance product with an improved total return - Disclosed is a novel life insurance product that provides an improved return to a purchaser. The life insurance product contains a benefit payment, and has a fixed benefit amount and a variable benefit amount. A policy protection benefit prevents a purchaser's life insurance product from lapsing, and a minimum death benefit ensures that the purchaser receives the greater of the face value of the product and a predetermined percentage of the account value. | 06-11-2009 |
| 20090150190 | PRIVATE SUPPLEMENTAL UNEMPLOYMENT/LAYOFF INSURANCE METHOD AND SYSTEM - A system and method for computing unemployment insurance premiums that directly supplements government unemployment benefits. To facilitate risk calculations, the work force is classified by industry, occupation, income level, geographic location and many other factors. The insurance premiums are calculated as part of a larger model of private unemployment insurance for high-income workers. If the worker's income exceeds a certain threshold, the insurance would supplement the replacements the government already provides. Additionally this process includes the methods in which the claimant's eligibility is assessed, and how the program is administered (including the claims process). Claim verification relies on piggybacking on the state's determination of a claimant's eligibility for unemployment compensation payments, and the premium computation process takes into account a state's history with respect to granting and denying such claims. The process can also be extrapolated to a non pure supplemental policy. | 06-11-2009 |
| 20090150191 | System and method for computerized insurance rating - The invention relates generally to a computer system and method for integrating insurance policy underwriting. In one aspect, it integrates an older legacy insurance policy generating system to on-line rating systems where users access the system through browsers. The computer system to perform the process of dynamically rating includes generating an input XML file of risk information that is sent to a web service and calculated in a calculation engine. The processed data is retrieved by the web service and transmitted as an XML file to a user interface that parses the rating information and displays the data. | 06-11-2009 |
| 20090150192 | METHOD AND SYSTEM FOR CALCULATING THE PREMIUMS AND BENEFITS OF LIFE INSURANCE AND RELATED RISK PRODUCTS BASED ON PARTICIPATION IN A WELLNESS PROGRAM - A method, information processing system, and computer program storage product dynamically manage risk coverage premiums. A given time period is determined to have expired. A risk coverage premium associated with a policy holder is retrieved. A wellness program status level is determined to be associated with the policy holder. A current risk coverage premium is dynamically adjusted based on the current wellness program status level. | 06-11-2009 |
| 20090157433 | System and method having a hierarchical model with override capability for generating a flexible insurance plan - A system and method for implementing an insurance plan to coordinate an adjudication of a submitted claim corresponding to the plan. The plan includes a people model and a benefit model, such as hierarchical trees combined by a plurality of policies. The system and method comprise assigning a first predefined inheritance of global attributes to coupled elements of the people tree and assigning a second predefined inheritance of global attributes to coupled elements of the benefits tree. The system and method also assigning a local administration rule for at least one local attribute of the trees, the assignment between a selected people element of the people tree and a selected benefit element of the benefits tree. The local administration rule overrides the corresponding global attributes of the selected elements, such that resolution of the global attributes with the local attributes for the selected elements provides a rule set for adjudication of the submitted claim. | 06-18-2009 |
| 20090157434 | STRUCTURING BONDS AND/OR OTHER SECURITIES COLLATERALIZED BY INSURANCE POLICIES - Systems, computer program products and methods of collateralizing bonds and/or other securities using one or more insurance policies are described. A method may include receiving input regarding an appropriate grouping from a collection of one or more insureds, receiving input regarding an initial value for a face amount of one or more insurance policies, one or more mortality curves for calculating a single premium and a mortality expectation table for determining a presumed mortality expectation, receiving information regarding the one or more insurance policies, and receiving information regarding an insurer's assumptions and outcomes. The various inputs may be processed. The results of the processing may be output in the form of expected cash flow and timing. Associated data processing systems and computer program products are also described. | 06-18-2009 |
| 20090157435 | SYSTEM AND METHOD OF ACCELERATED HEALTH CARE CLAIM PAYMENT - A method of accelerating a health care claim payment may include filtering a claim to determine whether the claim is eligible for accelerated claim payment. A payment amount for a claim may be determined by a computing device by retaining a provider level adjustment. The payment amount may be automatically paid via electronic funds transfer. A portion of the provider level adjustment may be distributed via electronic funds transfer. | 06-18-2009 |
| 20090157436 | REVENUE CYCLE SYSTEM AND METHOD - A revenue cycle system includes a payment status module and an activity status module. The payment status module provides payment status information for a plurality of insurance claims payment information and a plurality insurance providers. The payment status information is based on payment information. The payment information includes an amount paid and payment timing information. The activity status module provides activity status information based on billing staff activity information, account follow-up staff activity information, and/or payer feedback information, generally derived from software algorithms which identify revenue cycle activities represented by freeform notations recorded on an account. | 06-18-2009 |
| 20090157437 | SYSTEMS AND METHODS FOR PROVIDING INSURANCE AND NON-INSURANCE PRODUCTS - A method of providing insurance to a customer that comprises the steps of: (1) selling a service contract to the customer that provides protection against the mechanical breakdown or other failure of an item (and in some cases, accidental damage); and (2) in response to the customer purchasing the service contract, providing, at no cost to the customer, third-party-paid insurance coverage that protects the customer against damage to the item, which, in some cases, includes accidental damage. In one embodiment of the invention, the step of providing the third-party-paid insurance coverage is done in order to permit the provision of insurance without the use of a licensed insurance agent. | 06-18-2009 |
| 20090164256 | DEVICE, SYSTEM, AND METHOD OF COLLABORATIVE INSURANCE - Device, system and method of collaborative insurance. For example, a system for electronic insurance transactions includes: a server to receive a risk description posted through a customer terminal, to publish the risk description to one or more insurer terminals, and to determine whether or not to underwrite an insurance covering at least a portion of a risk included in the risk description based on an analysis of aggregated data, wherein the aggregated data comprises data related to said risk description and data related to one or more other posted risk descriptions. | 06-25-2009 |
| 20090164257 | SYSTEM AND METHOD FOR TRADING ASSETS AND THEIR DERIVATIVES - A system and method of an instrument conversion machine, where the instrument may include life insurance policies, particularly senior life settlements and their derivatives to provide liquidity and an investment vehicle to holders of life insurance policies. The machine divides a plurality of the instruments into a plurality of instrument pools that each includes at least one of the plurality of instruments, where the dividing is based on pre-set criteria. For each of the pools, the machine subdivides the pool into a plurality of instrument securities, each of the plurality of instrument securities representing a right to a respective one of the plurality of pools. The machine outputs, receives, and stores data for transfer of the securities between parties. | 06-25-2009 |
| 20090164258 | SYSTEM AND METHOD FOR SELLING INSURANCE PRODUCTS - A system and method for selling insurance products online is described. The system and method allow a provider to sell insurance products to a customer, either directly or through a broker or aggregator, whereby a single GUI is used for all insurance products sold and the customer only has to enter their personal details once when purchasing multiple insurance products. | 06-25-2009 |
| 20090171698 | PROVIDING HUMAN CAPITAL MANAGEMENT SOFTWARE APPLICATION AS ENTERPRISE SERVICES - Methods and apparatus, including systems and computer program products, for a service architecture design that provides enterprise services having human capital management functionality at the level of an enterprise application. The design includes a set of service operations, process components, and optionally deployment units. Suitable business objects are also described. | 07-02-2009 |
| 20090171699 | System and Method for Managing a Property - The present invention provides a system and method for managing rental income. The system includes an interrogation module arranged to secure information regarding a financial institution account controlled by an owner of a property, and verify that rental income has been paid by a tenant of the property. The system is accessible by an agent for the owner of the property. | 07-02-2009 |
| 20090177498 | System and Method for Developing Loss Assumptions - A method for developing assumptions for use in evaluating the possible occurrence of an event comprises the steps of defining a plurality of factors correlated with each other to the event, assigning a plurality of levels to each factor, determining a relative occurrence rate for selected combinations of factors and levels, and assigning selected combinations to one of a plurality of cohorts. In certain embodiments, the method, and a corresponding system are used in designing an insurance product. The method may include the additional steps of assigning values to the levels and evaluating expected performance of the product based upon the values assigned to the levels and the expected loss distribution. The step of producing an expected loss distribution includes determining, for at least some of the selected combinations, a cumulative probability of occurrence, and determining, for at least one of the selected combinations, an incremental probability of occurrence. | 07-09-2009 |
| 20090177499 | Method of and system for determining insurance claim losses - A system for and method of determining insurance claim losses. The method is comprised of inputting a claim loss item into a remote computational device. The claim loss item is communicated to a claims server, where a data source is searched for comparable items. The data source can be a local database or online sources such as an Internet URL and can return one or more exemplary items. The search for the exemplary items can incorporate filters. The exemplary items are displayed for an adjustor to select the item. The information associated with the exemplar item is stored for later display and report generation. A report can be generated displaying all of the information about the selected items. | 07-09-2009 |
| 20090177500 | SYSTEM AND METHOD FOR NUMERICAL RISK OF LOSS ASSESSMENT OF AN INSURED PROPERTY - A system and method for numerical risk of loss assessment of an insured property, in general, comprising the steps of evaluating one or more risk criteria and category for each property area, subsystem or sub-area utilizing objective evaluation criteria and matrix to assess the risk of loss numerical rating for each criteria and category from 1-10 based on an objective analysis of the property's subsystems or sub-areas; averaging the risk criteria ratings across each property area, subsystem, or sub-area for each risk criteria to arrive at a category average); and averaging the category averages for each of the one or more category to arrive at an overall total risk of loss rating or score for the property. | 07-09-2009 |
| 20090177501 | METHOD AND SYSTEM FOR FURNISHING AN ON-LINE QUOTE FOR AN INSURANCE PRODUCT - A method and system for furnishing an on-line quote for an insurance product, such as auto insurance, makes use of computer hardware and software to provide a user with an on-line, real-time quote. The system allows the user to enter user information and recommends coverages, liabilities, and deductibles to help the user determine the best insurance coverage for the user's needs. Upon entering the user data and coverage information on a presentation server, deployable content profile information is retrieved by the presentation server, and a quote is displayed for the user. If the user indicates a continued interest in the quote, a client number is presented to the user and sent to a computer telephony integration database. | 07-09-2009 |
| 20090182583 | METHODS FOR SELLING INSURANCE USING HYBRID LIFE - An insurer sells a life insurance policy with two distinct coverage periods. Prior to accepting the offer of insurance, the insurer underwrites the insurance contract on a limited basis using information obtainable by querying a remote database. During the first coverage period, full coverage is provided and the premium rates approximate a comprehensively underwritten risk. The value of coverage provided at the end of the first coverage period may be reduced if the insured fails to satisfy various obligations. If before a contractually defined compliance period the insured undergoes medical tests and submits blood, urine, or other tissue samples to an underwriter or approved laboratory, the underwriter comprehensively underwrites the policy. If the comprehensive underwriting is satisfactory, the insurance contract is amended, modified, or replaced with a new contract effectively extending full coverage for a longer, extended coverage period, while maintaining or even reducing the premiums owed. | 07-16-2009 |
| 20090182584 | METHODS FOR SELLING INSURANCE USING RAPID DECISION TERM - An insurer sells a life insurance policy having a coverage period equal in length to the term of the policy. The consideration paid by the insured is relatively high compared to conditional receipt coverage, but is generally lower than that charged for standard simplified issue policies. The policy is only underwritten on a limited basis, preferably using information available in remote databases. During a predetermined time period, the insured has the option of providing medical test results or other material sufficient to enable comprehensive medical underwriting. Upon receipt of the information and material, an underwriter comprehensively underwrites the policy. If the results of the underwriting are satisfactory, the premiums are reduced significantly for the remainder of the term of the insurance policy and/or the benefit amount is increased. If the insured does not provide any additional information or materials, or if the materials provided result in unsatisfactory underwriting, the premiums remain unchanged. | 07-16-2009 |
| 20090182585 | METHODS FOR SELLING INSURANCE USING RAPID DECISION TERM - An insurance company sells a life insurance policy having a coverage period. The policy provides a total benefit amount which includes an all-cause benefit amount and an accidental death only benefit amount. The policy is initially underwritten on a limited basis and the ratio of the all-cause benefit to the accidental death benefit is low. The insured has the option of providing material to enable comprehensive underwriting and to enable risk classification. If the risk classification improves the policy benefits, the mix of coverage is adjusted to include a higher ratio of the all-cause benefit amount to the accidental death only benefit amount. If the insured does not provide any additional information or materials, or if the materials provided do not result in an underwritten risk classification that enables the policy provisions to be improved, the mix of coverage remains unchanged. | 07-16-2009 |
| 20090182586 | POINT-OF-SALE, VALUE-ADDED PAYMENT PROCESSING SYSTEM AND METHOD THEREOF - A point-of-sale, value-added payment processing system and method thereof comprising, in general, a central server system connected to a data processing and storage device that utilizes a computer program adapted to host, accrue, calculate, disburse and report monthly donations earned by a participating merchant, based upon credit card processing transaction volume, thus offering a simple and easy to use turnkey solution that can integrate a complete donation funding option at the point of sale device, wherein merchants receive a point-of-sale benefit, related to payment processing transactions, in the form of a donation based upon transaction totals, wherein software tracks and reports the transaction-generated donations maintained in escrow, and wherein such informational data is readily accessible to participating merchants in order that each merchant may selectively access escrow donations for contribution to a customer's immediate need. | 07-16-2009 |
| 20090182587 | GPS Pathfinder Cell Phone And Method - A device and system for use in emergency management operations before and after a disaster. The device incorporates a GPS and a radio with very simplified, pre-programmed instructions which are uploaded automatically in the device's memory via wireless technology prior to the unit's first use at a disaster site. Maps of areas to be searched are uploaded into the device and the areas covered during the search are retained in the devices' memory. A unique feature enables the searcher to quickly indicate a specific need or service at a particular location during the search, which information automatically is geocoded and time/date stamped once the user saves the information inputted. Via wireless technology areas that have been searched during an operational period are downloaded to a base unit and areas to be searched the following operational period are uploaded to the portable units at the beginning of the day. Radios on the units can enable the searchers to audibly communicate with each other without cell towers. The system can be employed by cleanup teams, insurance adjusters, and any number of post incident response teams both focused on short and long term recovery operations. The entire system is designed to be self contained to operate when normal cell and Internet systems are damaged or destroyed. The system can quickly organize, sort, and edit the data collected by field users for daily and future analysis and documentation or any and all disaster operations. | 07-16-2009 |
| 20090187428 | EVALUATING EFFECTIVENESS OF CLAIMS EVALUATION, ASSESSMENT, AND SETTLEMENT PROCESSES - Methods and systems are provided for evaluating processes for insurance claim estimation and settlement. Data may be provided for closed claims that have been previously settled using an estimation and settlement process. Each closed claim in the data is treated as a candidate claim. For each candidate closed claim, a set of closed claims similar to the candidate closed claim is identified based on characteristics of the candidate closed claim. For each set of similar claims so identified, a representative value for the set of similar claims, such as an arithmetic mean, is determined. The settlement values for the candidate closed claims are compared to the representative values for the sets of similar closed claims. | 07-23-2009 |
| 20090187429 | DETERMINING AMOUNTS FOR CLAIMS SETTLEMENT USING LIKELIHOOD VALUES - Methods and systems are provided for determining and displaying amounts for use in settling insurance claims are disclosed. Closed claims that match an open claim are identified based on one or more characteristics of the open claim. A likelihood value associated with at least one of the matching closed claims is determined. An amount for use by an adjuster in settling the open claim is determined based on the likelihood value for at least one of the matching claims. A most likely amount and most likely range associated with the open claim may be determined based on the likelihood values. | 07-23-2009 |
| 20090187430 | DETERMINING RECOMMENDED SETTLEMENT AMOUNTS BY ADJUSTING VALUES DERIVED FROM MATCHING SIMILAR CLAIMS - Precedent claims that match a pending claim are identified. A general damages amount is determined based on the likelihood value for at least one of the matching precedent claims. A general damages amount is derived from the likelihood value for at least one of the matching precedent claims. Pending claim adjustments are calculated based on amounts associated with the pending claim. Pending claim adjustments are applied to the general damages amount to determine a recommended settlement amount. | 07-23-2009 |
| 20090187431 | ADJUSTING GENERAL DAMAGES VALUES USING EQUALIZATION VALUES - A selection is made from a defined list of one or more equalization criteria. Based on the selected equalization criteria, equalization values are derived from a set of closed claim data. During processing of open claims, bodily injury data for the open claims are entered into the system. For one or more of the open claims, precedent claims that match the open claim are identified based on characteristics of the open claim. A value for one or more of the matching precedent claims is adjusted using the previously determined equalization values. An amount for use in settling the open claim is determined based on the adjusted value. | 07-23-2009 |
| 20090187432 | DISPLAYING LIKELIHOOD VALUES FOR USE IN SETTLEMENT - Likelihood values are determined for one or more closed claims that match an open claim. The likelihood values are displayed as a function of an amount (e.g., general damages amount). The graph may be an x-y graph in which the x-axis is amount and the y-axis is likelihood value. The graph may include a likelihood curve. A band to corresponding a most likely range of amounts is indicated on the graph. | 07-23-2009 |
| 20090187433 | System for providing insurance associated with a lost-and-found service - A system for providing insurance associated with a lost-and-found service, according to which a person and/or item (the “insured”) is covered by an insurance policy that provides compensation in the event of at least one of loss, theft, damage, and/or destruction of an item, and in association with said insurance, also receives one or more services that facilitate the return of the item if it is lost or stolen. The insurance policy pays for the facilitation of the return of an item if it is lost by the insured and subsequently found and reported to a lost-and-found service provider. The insured pays the insurance provider a deductible for the return of the previously insured and/or lost item. Also, a lost-and-found service provider is reimbursed by the insurance provider when an item is lost in exchange for providing the services of identifying the insured using unique markings contained on a lost item owned by the insured, contacting the person associated with the item, contacting the insurance service provider (which may or may not be the same as the lost-and-found service provider), and/or facilitating the return of the lost item to the owner or insurance provider. Registering for an insurance policy also facilitates registering for the services of a lost-and-found service provider. | 07-23-2009 |
| 20090187434 | SYSTEM AND METHOD FOR A HEALTH INSURANCE RISK EVALUATOR - A computer implemented method for selecting a health plan includes logging into a server comprising a risk evaluation application and starting the risk evaluation application. Upon being prompted by the risk evaluation application selecting a health plan for an individual or for a family. Upon being prompted by the risk evaluation application selecting an amount of upfront claims cost responsibility (CCR) willing to assume. Next, actuating a control for determining health plan premium contribution savings and then determining the health plan premium contribution savings based on the selected health plan and the selected CCR. Finally, displaying the selected CCR and the determined health plan premium contribution savings. The method empowers each user to design a unique health care plan that reflects that user's specific health profile, benefit budget and level of risk tolerance. | 07-23-2009 |
| 20090192827 | System for health benefits planning in retirement - A rules-based expert system is described in which the information relating to health or retirement benefits are stored in the form of statements or clauses relating to financial, medical, or personal characteristics relevant to statue or regulation at issue. The statements, or rules, are stored in a rules engine, or knowledge base in the form of “If X, then Y.” The specific construction of the data declarations relating to retirement and health benefit planning relies on parsing federal, state, and local regulations and statutes regarding Medicare, Medicaid, Social Security, as well as general health insurance and long-term care insurance. The rules are applied to the user characteristics and to data about available policies to identify the policies most likely to be of greatest benefit and least cost to the user. | 07-30-2009 |
| 20090192828 | METHOD OF MANAGING INSURANCE DATA - A method for insurance data management including accessing employee insurance enrollment data. Claims cost data may be accessed for employee claims. The claims cost data for employee claims may be reconciled with the employee insurance enrollment data. At least one insurance data report may be generated. | 07-30-2009 |
| 20090192829 | Variable product reinsurance - A Variable Product reinsurance structure including: (i) a reinsurance Agreement between a Variable Product issuer (Ceding Company), and a separate account or Cell of a reinsurer, qualifying for (re)insurance accounting under FAS 133; and (ii) a plurality of derivative instruments qualifying for mark-to-market accounting under FAS 133, designed to hedge exposure to an index of securities that correlates to the specific market risks assumed by the Cell under the Agreement (hedges), purchased for the account of the Cell from multiple dealers, wherein none of the hedge dealers retains more than 50% of the risk of loss. The structure may also include (A) a basis hedge purchased from a third party dealer to hedge other risks assumed by the Cell or (B)(1) a note issued by the Cell, (2) an assumption by the Ceding Company of the risk of non-payment by the hedge dealers and, (3) a contract with an intermediary. | 07-30-2009 |
| 20090192830 | Method and system for determining and selecting a longevity benefit payout - A computer-implemented longevity benefit plan provides that a processor of a computer can determine longevity benefit payouts at respective benefit payment dates that participants of the plan can obtain by use of funds accumulated on behalf of the participants. The accumulated funds are based, in part, from contributions by employers who are sponsors of the plan and where the participants are employed by the employers, or by participants who are members of non-profit organizations which are sponsors of the plan. Based on the amount of funds accumulated as of a predetermined date, such as upon the participant's retirement or attaining a certain age, longevity insurance policies available for purchase for the benefit of the participant having desired longevity benefit payouts payable at respective benefit payment dates can be determined. Alternatively, after the predetermined date, the accumulated funds for the participant can be allocated for investment in a trust to provide for longevity benefit payouts payable directly from the trust at respective benefit payment dates. | 07-30-2009 |
| 20090192831 | SECURITIZATION OF HEALTH CARE RECEIVABLES - A method, system, and control program for expediting payment of claims to service providers and to reduce institutional capital reserves. The method includes evaluating a risk of full payment of each claim; grouping claims from a service provider(s) based on a commonality of risk; generating a security representative of the risk of the grouped claims and an investment value of the security; and exchanging a pre-payment amount to medical service providers for the security. More specifically, evaluating the risk of full payment includes comparing each individual claim to a database of historical performance of the service provider and of similar claims and, moreover, evaluating for each claim an expected payment amount and an expected time (or delay) of payment by an obligor. | 07-30-2009 |
| 20090192832 | Method of enhancing value of pension system assets - A program product, a system, and method for a trustee and a pension system, one embodiment of a program product consistent with the invention comprises program code for generating or receiving a plurality of files or a reference or references to a plurality of files that form an life insurance settlement pool, wherein the insureds in the pool are not beneficiaries of that pension system; program code for issuing payment instructions and/or payment instruments to maintain each of a plurality of the life insurance settlement contracts; program code for registering in an electronic database an ownership interest for the pension system in the life insurance settlement pool and/or in each insurance settlement contract in the life insurance settlement pool; program code for electronically determining or having determined a proportionate share of the life insurance settlement pool; program code for paying out or having paid out proceeds from the insurance policies in accordance with a predetermined priority of distribution; program code for electronically generating or having generated an actuarial value of the life insurance settlement pool or an undivided interest therefore or an undivided interest in each of the life insurance settlement contracts in the pool on a periodic or other basis; and program code for communicating the actuarial value to at least one pension system that owns an undivided interest in the life insurance settlement pool. | 07-30-2009 |
| 20090198522 | Equity/interest rate hybrid hedging system and method - The present invention provides a method and system for determining hedging transactions to meet required characteristics of risks associated with an insurance instrument, and mitigating the risks associated with the insurance instrument by executing hedging transactions. The hedging transactions utilize hybrid derivatives. In general, the equity/interest rate hybrid derivative concept encapsulates any derivative, or any investment vehicle with an embedded derivative, that contains a payoff formula (s). At a minimum the formula (s), is/are a function of two items: equities, and any interest rates. | 08-06-2009 |
| 20090198523 | COMPUTER SYSTEM AND METHOD FOR DETERMINING AN INSURANCE RATE - In a computer system and computer implemented method for determining an insurance rate for terrorism-related property insurance, one or more industry classification attributes, indicative of an industry segment associated with the property, are selected. A basic rate is determined from rate values assigned to the selected industry classification attributes. One or more target classification attributes, indicative of the property's attractiveness as a target for terrorism, are also selected. An aggravating rate is determined from rate values assigned to the selected target classification attributes. The insurance rate is determined from the basic rate and the aggravating rate. The assignment of insurance rates to a property based on the selection of target classification attributes for the property makes it possible to include the risk of a terrorist attack in the rating process, without having to determine probability distributions of terrorist attacks or estimate expected loss caused by terrorist attacks. | 08-06-2009 |
| 20090198524 | CORPORATE-OWNED LIFE INSURANCE SETTLEMENT COMPUTER SYSTEM - A computer-aided method including generating output with a computer system by processing input data and thereby producing at least one of the group including an illustration including a party without an insurable interest in a life insured by a COLI (corporate-owned life insurance) policy, wherein the party receives an assignment of an interest in a policy benefit, a performance report of a transaction that corresponds to the assignment, and a forecast of at least one of earnings and cash flow of an assignor of the interest in the policy, and a forecast of cash flow of the party that receives the assignment, the forecasts using transaction experience data. | 08-06-2009 |
| 20090198525 | METHOD OF MANAGING A LIFE INSURANCE PLAN AND A SYSTEM THEREFOR - A method of managing a life insurance plan includes receiving a premium from an insured life. On occurrence of an insured event to the insured life, a predetermined amount is paid out to the insured life and on occurrence of an insured event to a parent of the insured life a predetermined amount is paid out to the insured life. | 08-06-2009 |
| 20090198526 | PAYMENT OF BENEFITS FOR SURVIVORS OF CERTAIN MEDICAL CONDITIONS - A method for payment of a benefit to a survivor of a subsequent medical condition. Initial and subsequent information about a person is received, the information concerning at least one specified medical condition. The initial information is inspected to determine the state of health of the person, the state of health not being acceptable if the specified medical condition is present. If the state of health of the person is acceptable then the person is approved for payment of a specified benefit if the specified medical condition is later present. Subsequent information about the person is inspected to determine the state of health of the person, the state of health being changed if the predetermined medical condition is later present. The specified benefit is then paid if the state of health of the person has changed. | 08-06-2009 |
| 20090198527 | INSURANCE PRODUCT AND RELATED SYSTEM AND METHOD - A defendant protection policy is purchased by a plaintiff in connection with pursuing a lawsuit against a defendant, and pays out to the defendant in the event of an outcome unfavorable to the plaintiff. The plaintiff can be required to purchase the defendant protection policy by law or by contract. A computer-based system for facilitating the underwriting of the defendant protection policy includes at least one processor and computer-readable memory configured to execute a claim data entry module for receiving claim data about a litigation claim, a policy risk module for assessing insurer risk of payment under the claim based at least in part on risk data corresponding to the claim data, and a policy pricing module for determining policy pricing based at least in part on the insurer risk of payment. | 08-06-2009 |
| 20090204441 | System and method for administering dynamic security benefits and payments - Disclosed is a novel security benefits product that provides customizable benefits to the purchaser for a variety of different triggering conditions. The product of the present invention may be sold to an individual or a group. The product contains a feature that allows a purchaser to modify and/or vary his or her coverage related to one or more serious health events, such as disability, accident, illness, or death. Additionally, a conversion feature is provided, which allows the insured individual who purchased the product through a third party to maintain the product of the present invention even after the individual is no longer affiliated with the third party. | 08-13-2009 |
| 20090204442 | METHOD OF VALUATION OF LIFE SETTLEMENTS AND OPTIMIZING PREMIUM FINANCING - The present invention proposes to integrate mortality table analysis and the future premium burden thereby creating a unit net asset value (“Unit NAV”) for investors holding a unit in the fund. A major component of Unit NAV in a viatical and life settlement transaction is the amount of expected premium burden yet to be paid during the anticipated lifetime of the insured. The future premium burden is in essence the “measure of risk” associated with the policy. As time passes, the predictability of paying future premiums is related to the cumulative mortality curve to a point in time. By determining the remaining cumulative mortality curve, the probability of having to pay the future premiums can be determined, and, incorporating these two elements into the valuation model, the anticipated “incremental value” at any point in time can be calculated. A determination can be made as to whether to use internal or external premium financing. Another point of novelty is that the proposed method simultaneously satisfies two different requirements of valuation adopted by the Financial Accounting Standards Board. | 08-13-2009 |
| 20090204443 | INTEGRATED ROOF WIND RISK MITIGATION METHOD AND SYSTEM - A method for mitigating risk in issuing wind only roof insurance comprising: receiving a request for the wind only roof insurance; determining if a roofing system complies with a predetermined set of parameters; and issuing the wind only roof insurance | 08-13-2009 |
| 20090204444 | METHOD AND SYSTEM FOR MITIGATING RISK IN ISSUING WIND ONLY INSURANCE - A method for mitigating risk in issuing wind only insurance comprising: submitting a request for the wind only insurance; determining if a building complies with a predetermined set of parameters; if a compliant material was used in constructing the building, authorizing the request for wind only insurance; and issuing the wind only insurance. | 08-13-2009 |
| 20090204445 | METHOD AND SYSTEM FOR INSURANCE COMPANIES CONTRACTING WITH AND PAYING MEDICAL IMAGE READING PROFESSIONALS IN A NETWORK - A system and method for insurance companies contracting with and paying medical image reading professionals in a medical image reading professionals network. The network may be independent of a medical facility and be arranged to have each of the medical image reading professionals may be an expert in reading medical images of particular anatomical regions. The insurance companies may have lower overall costs by contracting with the medical image reading professionals who are experts in reading medical images of anatomical regions, modalities, and medical conditions as misdiagnoses are reduced due to proficiency of the medical image reading professionals. | 08-13-2009 |
| 20090204446 | SYSTEMS AND METHODS FOR VALUATION OF LIFE INSURANCE POLICIES - Computer systems and a computer-implemented method for valuing a life insurance policy in which a policy valuation program stored on a computer readable medium includes a data collection module and a life expectancy adjustment module, and a policy valuation module. In operation, according to one embodiment, the policy valuation computer program is operative to receive information related to a life insurance policy, initiate the data collection module programmed to communicate with one or more remote data repositories to search for and retrieve data related to mortality indicators for the insured, initiate the life expectancy adjustment module programmed to correlate the retrieved mortality indicators against mortality information to calculate an expected change in life expectancy based on the change in mortality, and calculate a value for the life insurance policy based on the expected change in life expectancy using the policy valuation module. | 08-13-2009 |
| 20090204447 | METHOD AND SYSTEM FOR MITIGATING RISK IN ISSUING INSURANCE - A method for mitigating risk in issuing insurance comprising: submitting a request for the insurance; determining if a method, material, system or item complies with a predetermined set of parameters; and issuing the insurance, wherein the predetermined set of parameters is selected from the group consisting of: the installation of a foam insulation, ballistic resistance (e.g., adhesion products, Spectra products, and resins), cut resistance, energy management, alert sensors (e.g., smoke detectors, fire alarms and carbon monoxide detectors), process control, weather resistance, water resistance, mold resistance, loss of business, loss of property, loss to the environment, avionics, injury to persons, and security (e.g., document and personal security, money, anti counterfeiting). | 08-13-2009 |
| 20090204448 | BENEFIT MANAGEMENT - Methods, devices and systems are provided for benefit management. One system includes a server including an application interface and access to a data store having one or more client files. A client file can include a definable set of business rules for managing and administering benefits and can include fund use rules for accessing and applying funds to claims from one or more accounts. The system includes a program operable on the server to apply the definable set of business rules in connection with processing a claim. | 08-13-2009 |
| 20090210256 | System For Real-Time Online Health Care Insurance Underwriting - A system for real-time health care insurance underwriting is described comprising a quotation module, a verification module, and an underwriting module. The quotation module receives user input relating to a user's health status via an online user interface. The verification module verifies the user input against information stored in a database to form a list of inconsistencies and present the user via the online user interface with a request to validate at least some information within the user input. The underwriting module automatically creates a debit score based on one or more of at least a portion of the user input and the validated information and generates an underwriting decision based at least in part on the debit score. The quotation module presents one or more offers to sell insurance to the user via the online user interface, the one or more offers based on the underwriting decision. | 08-20-2009 |
| 20090210257 | SYSTEM AND METHOD FOR PROVIDING CUSTOMIZED SAFETY FEEDBACK - The present invention relates generally to systems and methods for monitoring driving behavior and providing feedback to the driver. The systems evaluate driving behavior and relay feedback to the driver in a fashion that is customized to take into account individual characteristics and demographic characteristics of the driver. | 08-20-2009 |
| 20090210258 | INTERNET PROTOCOL DATA TRANSMISSION INSURANCE SYSTEM - An electronic transmission insurance method to insure electronic transmission between a first computer client and a second computer client. An electronic transmission identifier is associated with the electronic transmission. A claim is processed pursuant to the terms of the insurance policy if the network server does not receive the electronic transmission identifier from the second computer client indicating that the electronic transmission has been received by the second computer client. | 08-20-2009 |
| 20090210259 | INTERNET PROTOCOL DATA INSURANCE POLICY MANAGEMENT SYSTEM - An internet protocol data insurance policy management system including creating an insurance policy portfolio. A risk associated with an electronic transmission is determined based upon the insurance policy portfolio. An insurance policy is generated based upon the insurance policy portfolio upon receipt of a electronic transmission identifier from a first computer client. The receipt of the electronic transmission identifier from the first computer is indicative of an electronic transmission being transmitted from the first computer client to a second computer client that is distinct from the first computer client. The insurance policy is terminated when the electronic transmission identifier is received from the second computer client. The receipt of the electronic transmission identifier from the second computer client is indicative of the electronic transmission being received by the second computer client. | 08-20-2009 |
| 20090210260 | Method and System for Transacting Short Term Hunting Leases - A method for an online reservation and rating system for short-term hunting leases for property. In the preferred embodiment, hunters can lease hunting rights for as little as | 08-20-2009 |
| 20090216565 | Method for protecting equity in purchased goods | 08-27-2009 |
| 20090216566 | Systems and Methods for Management of Compensation and Benefit Plans - The present inventions provide systems and methods that allow employees to electively participate in an alternate compensation and benefits arrangement, such as a specialized statutory trust structure, which provides the same or substantially similar benefits as their employer's deferred compensation plan without the employer being exposed to the additional cost and reporting burdens imposed by the new or existing reporting and administrative rules. | 08-27-2009 |
| 20090216567 | INSURANCE SYSTEM AND METHOD - An insurance benefit plan is disclosed including one or more insurance modules whereby at least one of the insurance modules is a limited medical benefit program. | 08-27-2009 |
| 20090222290 | Methods and Systems for Automated, Predictive Modeling of the Outcome of Benefits Claims - A system for automated, predictive modeling of the outcome of a benefits claim includes a profile generator, an evaluation component, and a case management application. The profile generator executes on a computing device and retrieves a claimant profile associated with an adjudicated claim. The evaluation component executes on the computing device and generates a prediction of an outcome of a claim brought by a potential claimant of a government benefit, responsive to the retrieved claimant profile. The evaluation component generates a recommendation to file the claim for the government benefit, responsive to the generated prediction. The case management application executes on the computing device, receives the generated prediction of the outcome of the claim and the generated recommendation and displays at least one of the generated prediction and the generated recommendation. | 09-03-2009 |
| 20090228307 | Person-To-Person Lending Program Product, System, And Associated Computer-Implemented Methods - An individual consumer borrower accessing a person-to-person lending website is provided an opportunity to have a loan request wholly or partially satisfied by a financial institution at loan terms from the financial institution. The financial institution, for example, can receive information about a person-to-person loan request, determine whether to authorize a financial institutional loan, offer a loan to the individual on terms determined by the financial institution, and issue the loan to an individual consumer borrower responsive to approval of the terms. Prior to an auction, the individual consumer can choose an immediate loan offer having financial institution terms or choose to solicit individual consumer loan offers with more favorable terms through the person-to-person lending website. The financial institution can also offer a gap filling loan for a deficiency amount so that the loan request can be partially satisfied by individual consumer loan offers. | 09-10-2009 |
| 20090234678 | COMPUTER SYSTEMS AND METHODS FOR ASSISTING ACCIDENT VICTIMS WITH INSURANCE CLAIMS - Systems and methods for assisting loss participants with insurance claims may provide functionality for loss participants to create reports about losses. Each loss report may include media such as text, images, and video that documents the loss. The systems and methods may provide functionality for users to electronically submit the loss report to other entities, such as an insurer, an adjuster, an attorney, friends or family, and the like. Adjusters may also create loss reports or may request reports from technicians who specialize in creating loss reports. By virtue of the systems and methods being related to loss reporting, the systems and methods may select loss-related ads for presentation to users. These ads may be further targeted to users based at least partly on the loss information provided by users. For instance, the ads can be for items that correspond to one or more effects of a user's loss. | 09-17-2009 |
| 20090240530 | METHOD FOR SELLING MARINE CARGO INSURANCE IN A NETWORK ENVIRONMENT - A storage media and method for transacting cargo insurance business in a network environment includes the on-line automation of quoting, billing, certificate issuance, underwriting, and claims processing. Moreover, the method also includes customer qualification and support services, in addition to data collection and analysis, for management report generation. | 09-24-2009 |
| 20090240531 | Integrated Processing System - According to one embodiment, an integrated processing system and method is configured to route a customer contact to a handler based at least in part on a contact type and on information identifying the customer, dynamically generate handler scripting based at least in part on the information identifying the customer, a policy, and a claim type. The system further is configured to present the handler scripting to a handler, and receive claim data based on the scripting. The system further validates the claim data based on the claim type, and generates, based on the validated claim data, a claim record in a claims system. The system generates at least a first workflow assignment and notifies a responsible party of the at least first workflow assignment. | 09-24-2009 |
| 20090240532 | SYSTEM AND METHOD OF MANAGING AN INSURANCE SCHEME - A method of managing an insurance scheme includes defining a plurality of diseases which are covered by the insurance scheme so that if an insured life contracts one of these diseases they will be paid an amount of funds from the insurer or the insurer will pay or partially pay for treatment of the disease. A request is received from an insured life who has contracted one of the defined diseases. The insured life is provided with a choice of receiving treatment in the country in which they reside or receiving treatment in another country. A selected country is received from the insured life and an amount of funds is paid from the insurer to the insured life wherein the amount of funds is at least partially determined by the selected country. | 09-24-2009 |
| 20090240533 | SYSTEM AND METHOD FOR ALIGNING CREDIT SCORES - In competitive pricing analysis, a dataset of insurance premium quotes having associated insurance rating parameters such as credit scores or tiers can be ranked by the average insurance premium for each unique value of the insurance rating parameter. The rankings establish price points that can be aligned with price point rankings of multiple other insurance companies that use different methods or algorithms for determining the insurance rating parameter. The alignment of rankings for different insurance companies allow different parameter systems to be correlated. | 09-24-2009 |
| 20090240534 | SYSTEM AND METHOD FOR ALIGNING TERRITORIES - In competitive pricing analysis, a system and method aligns territory definitions for a plurality of insurance companies. Each territory definition may be mapped for a region and interest and then aligned to determine the uniquely aligned territories. Each uniquely aligned territory identifies only a single territory of a company's territory definition, allowing an accurate comparison of insurance premiums rates to be made between insurance companies for the uniquely aligned territory. | 09-24-2009 |
| 20090240535 | APPARATUSES AND PROCESSES FOR CALCULATING OPTIONS - The present invention introduces an apparatus and process which may be implemented on a vast variety of computer systems. The apparatus and process of the present invention use a computer system to receive and store data representative of a particular asset, a type of option (call or put), requested exercise price and a multitude of other variables related to the asset. The apparatus and process then generate data representative of an option premium. The data representative of the option may then be used for transacting an option, as the basis for determining a correlated expiring option premium, or to determine the premium of an asset relatable to a corresponding option. Other embodiments are also claimed and described. | 09-24-2009 |
| 20090248451 | METHOD, SYSTEM AND MEDIA FOR SPECIFIED EXPENSE COVERAGE LIFE INSURANCE POLICIES - A method and system provides a life insurance policy for an insured party to a policy owner for the benefit of a beneficiary, where the life insurance policy covers recurring expenses. The method and system includes generating a recurring expense life insurance policy for the policy owner for the benefit of the beneficiary, where the life insurance policy has a defined policy term. The method and system further includes that upon the death of the insured party within the policy term, paying a recurring expense for a benefit period for the beneficiary under the terms of the recurring expense life insurance policy. | 10-01-2009 |
| 20090248452 | Method and Apparatus for Controlling Insurance Business Processes - A computer-based insurance billing system for use in controlling insurance business processes is provided. As used herein the insurance business processes may include delinquency, invoicing, accruing earned commissions, paying commissions, distributing received payments, and disbursing owed amount, to note a few. At a user interface, the end user is provided ( | 10-01-2009 |
| 20090248453 | Method and apparatus to facilitate determining insurance policy element availability - A computing platform ( | 10-01-2009 |
| 20090248454 | SYSTEM AND METHOD FOR INCREASING CAPACITY IN AN INSURANCE SYSTEM - The invention relates, in various aspects to systems, methods, and computer readable media suited for implementing a commonly administered, quota share-based multi-insurer primary insurance system. | 10-01-2009 |
| 20090248455 | Systems and Methods for Providing Enhanced Employee Benefits - The present inventions provide improved funding and administrative arrangements that allow an employer to provide enhanced benefits to certain employees. In general, the arrangement includes means by which the cost of certain insurance, such as life insurance, is reduced through the use of a trust and financing contract. Proceeds from the financing contract are used to pay premiums on the insurance to reduce the cost of that insurance to the employee. The insurance policy may be used to collateralize the financing contract. When a qualifying event occurs, the employee (or designated beneficiaries) is paid a predefined benefit amount and the financing contract is paid off. One benefit of such an arrangement is that it is portable with the employee, who may continue to retain the benefit of the insurance even though he or she may change jobs, or may be unemployed or retired. | 10-01-2009 |
| 20090254379 | COMPUTER SYSTEM FOR APPLYING PREDICTIVE MODEL TO DETERMINATE AND INDETERMINATE DATA - A computer system includes a data storage module. The computer system also includes an indeterminate data capture module. The data storage module receives, stores, and provides access to both determinate data and indeterminate data that was captured by the indeterminate data capture module. The computer system also includes a computer processor and a program memory. The computer processor executes programmed instructions and stores and retrieves the data stored in the data storage module. The data stored in the data storage module is related to historical claim transactions and current claim transactions. A predictive model component is coupled to the data storage module, and determines whether to refer a current claim transaction to an investigation unit. A model training component is coupled to the computer processor and functions to train the predictive model. | 10-08-2009 |
| 20090254380 | COMPUTER-BASED SYSTEM AND METHOD FOR ESTIMATING COSTS OF A LINE OF BUSINESS INCLUDED IN A MULTI-LINE TREATY - A computer-based system and a computer-implemented method for estimating costs of a business line included in a multi-line treaty, which can determine the estimated costs for covering the insured losses of a line of business included in a multi-line treaty having an aggregate deductible and an aggregate limit. | 10-08-2009 |
| 20090254381 | SYSTEM FOR MAINTAINING AN ESCROW ACCOUNT FOR REIMBURSING ADMINISTRATORS OF PAYMENTS - A loss ledger system to process third party fund requests on a daily basis, track historical requests, process validation on each request, maintain suspense/escrow and loss ledgers, and provide reconciliation assistance for accounting and claims processing departments. Additionally, the loss ledger system provides management reports, interfaces, security, audit and control and data conversion to facilitate minimizing escrowed resources, fraudulent activity and clerical errors. | 10-08-2009 |
| 20090259496 | METHOD AND APPARATUS FOR INSURING DIGITAL CONTENT - Embodiments of the invention generally provide a method and apparatus for insuring digital content. One embodiment of a method for insuring digital content includes receiving a request to insure a specific instance of digital content and associating insurance with the instance of digital content, such that the instance of digital content can be restored to an owner of the instance of digital content in an event that the instance of digital content becomes unusable. At least one of: a copy of the at least one instance of digital content, metadata related to the at least one instance of digital content, and data related to the insurance is stored in at least one database. | 10-15-2009 |
| 20090259497 | METHOD OF MANAGING AN INSURANCE PLAN AND A SYSTEM THEREFOR - A method of managing a life or health insurance plan includes calculating an amount of expenditure of a member using a credit or debit card issued to the member and then using the calculated amount of expenditure to calculate a premium payable by the member, wherein the premium is reduced by a percentage of the amount of expenditure of the member using the credit or debit card issued to the member. | 10-15-2009 |
| 20090265190 | System for classification and assessment of preferred risks - A method of evaluating a set of risk assessment rules for an insurance product is provided. The method includes the steps of providing a set of risk assessment rules, applying the risk assessment rules to at least a portion of a test population to generate a classified population, deriving a mortality estimate for each member of the classified population, and determining a cumulative result for each preferred category. The risk assessment rules define a plurality of preferred categories for an insurance product. | 10-22-2009 |
| 20090265191 | ONLINE LIFE INSURANCE DOCUMENT MANAGEMENT SERVICE - An online life insurance document management service includes a host server having a web-based interface adapted to facilitate secure customer access to the host server. The host server is configured to receive life insurance data communicated from the customer through use of a computing device. A processing module is in operative communication with the host server and is configured to process the life insurance data communicated from the customer. A processing software application is trained to classify the processed life insurance data and selectively extract data therefrom based on the classification. The processing software application is configured to selectively present the processed life insurance data for a customer verification via the web-based interface upon at least one of an unsuccessful classification and an unsuccessful extraction of data. A storage device is in operative communication with the processing module and is configured to store the extracted data as metadata upon at least one of the customer verification and the extraction of data. A content management software application is configured to detect at least one of a customer request and at least one triggering condition. The content management software application generates at least one report based on the detection of at least one of the customer request and the at least one triggering condition. | 10-22-2009 |
| 20090265192 | Usefulness - A novel divorce insurance annuity insurance business structure that demonstrates the use of this type of insurance with or without a divorce occurrence. The divorce insurance business structure is a model plan to allow businesses to develop this type of benefit for their employees or clientele. The business structure provides companies with the general format for divorce annuity insurance and leaves it up to each company to define their own specifications for the insurance. | 10-22-2009 |
| 20090265193 | METHODS AND SYSTEMS FOR AUTOMATED PROPERTY INSURANCE INSPECTION - Methods and systems for automated property insurance inspection include a remote inspection device having video inspection equipment capable of providing video images of property for use by an insurance company. The images may be used for expediting claim processing, inspecting damage in hazardous or hard to reach places, loss avoidance/risk control, fraud detection, detecting changes in risk profile, underwriting, rating, and quoting on new accounts and renewals, and prospecting new customers. The inspections may be performed on the exterior or interior of the property, and may be performed periodically, on-demand or continuously. | 10-22-2009 |
| 20090271222 | Monthly Income Reversionary Annuity Insurance Policy - A life insurance product provided with one or more mediums and indicia recorded on the one or more mediums identifying an insured, an irrevocable beneficiary, a fixed term ending upon a predetermined age of the insured for the life insurance product, a payment schedule for premiums, a determined death benefit payable to the beneficiary upon death of the insured, with the death benefits defined as a guaranteed stream of payments to be paid for the life of the irrevocable beneficiary. The life insurance product also includes means for executing the one or mediums to form a life insurance contract. | 10-29-2009 |
| 20090271223 | INCENTIVE COMPATIBLE AND RESETTING FIRST MORTGAGE LOANS AND METHODS, SYSTEMS, AND PRODUCTS FOR PROVIDING SAME - A method for creating marginally priced reverse mortgage loans (MPRML) including the steps of identifying a borrower for a MPRML against a property owned by the borrower, determining an aggregate asset value of the property, determining a life expectancy, obtaining consent for a lender to own life insurance on the borrower, and determining whether the borrower can be issued life insurance. If the borrower can obtain life insurance, providing terms relatively better than if the borrower could not. If the borrower cannot obtain life insurance, providing the MPRML at terms relatively better than if the borrower did not apply. The method also determines a principal limit factor which defines a debt portion of a capital structure, determines the capital structure as between debt and equity, tranches the debt capital structure into debt tranches wherein a lowest loan to value tranche has seniority, and assigns each tranche an interest rate. | 10-29-2009 |
| 20090271224 | METHODS, SYSTEMS, AND PRODUCTS FOR EFFICIENT ANNUITIZATION - A method of creating a variable universal life anti-martingale immediate annuity (VULAMIA) including the steps of soliciting preferences from an annuitant for annuity income and timing of annuity income versus a risk of loss of an annuity purchase price from early death, determining an annuity cashflow start date and a rate of return to be paid on an annuity consideration premium upon death, structuring a variable universal life policy to act as a wrapper for a separate account used to purchase immediate annuities and a death benefit which provides the rate of return on the annuity consideration premium, receiving premium payments into a VULAMIA to purchase the variable universal life policy and the immediate annuities, reinvesting immediate annuity payments until a predetermined payout date; and at death of the annuitant, providing a death benefit and the predetermined rate of return on the annuity consideration premiums. | 10-29-2009 |
| 20090276247 | SYSTEMS AND METHODS FOR WEB-BASED GROUP INSURANCE/BENEFITS PROCUREMENT AND/OR ADMINISTRATION - Systems and methods may include receiving a request for quote information from a customer computer via a website; responsive to the request, providing rates for a plurality of insurance/benefits products associated with one or more carriers via the website, where the plurality of insurance/benefits products includes an insurance/benefits product associated with a carrier of the one or more carriers; receiving, from the customer computer via the website, a purchase instruction requesting a purchase of at least the insurance/benefits product; receiving, from the customer computer via the website, an electronic application, where the electronic application is executed electronically; and directing a transmission of the electronic application to the carrier of the insurance/benefits product for approval or denial, where upon receiving an approval response or a denial response from the carrier, notifying a customer of the approval response or the denial response for the insurance/benefits product. | 11-05-2009 |
| 20090276248 | APPARATUS, SYSTEM, AND METHOD FOR FUNDING INSURANCE PREMIUM FINANCING CONTRACTS - An apparatus, system, method, and computer program product for funding insurance premium financing contracts and loans by a premium financier related to an insurance contract on behalf of an insured entity. Interest can be paid from the premium finance company to an insurance company associated with the insurance contract between a start date and a remittance date on which a premium payment is made on the insurance contract. | 11-05-2009 |
| 20090276249 | Method and system for providing healthcare insurance - A method and system for providing healthcare benefits according to the present invention may include a proposed healthcare plan having a primary component, a supplemental component, and a procedure for optimizing services consumption which is presented and customized “on-the-fly” to benefits providers, such as employers, and administered in an efficient manner that reduces the claims processing burden on individuals or families covered under the proposed plan. | 11-05-2009 |
| 20090281840 | TRANSFERRING INSURANCE POLICIES - A server may receive from a trading system information on an insurance policy, in which the information may include privacy related information. The server may compare the privacy related information to at least one predefined characteristic and determine that there is a match between the privacy related information and the characteristic. Based at least in part on there being a match, the server may filter-out the insurance policy such that the information on the insurance policy is not provided to a workstation in use by a participant. Alternatively, the server may determine that there is not a match between the privacy related information and the characteristic and provide the information, minus the privacy related information, to the workstation. | 11-12-2009 |
| 20090281841 | METHOD FOR AUTOMATING INSURANCE CLAIMS PROCESSING - Techniques for automating insurance claim processing are provided. The techniques include obtaining at least one rule from historical data, using the at least one rule to segment a dataset, wherein segmenting the dataset comprises using an iterative process, and wherein the iterative process comprises a decision tree, using the segmented dataset to determine if a claim can be automatically settled, and automatically settling a claim if it is determined that the claim can be automatically settled. | 11-12-2009 |
| 20090281842 | SYSTEM AND METHOD USING INSURANCE FOR RISK TRANSFERENCE - Disclosed herein is a system and method for eliminating or transferring the non-economic risk of financial securities. The system and method serves to avoid non-economic losses in the first instance, and to counter the adverse capital impact of prior non-economic gap losses by providing capital relief consistent with a determined protected amount. A second party provides to a first party a policy covering potential losses in value for a fixed income securities (FIS) Portfolio, particularly losses between an upper attachment value and a lower exit value. The second party provides capital to the first party as a policy security in the event that the aggregate principle payments (APP) of the FIS Portfolio are less than the attachment value and the first party makes a claim under the policy. The first party pledges policyholder security for its future obligation to return all or a portion of the policy security should no claims arise under the policy or if the policy security exceeds the amount sought by any claims. The policyholder security may be the FIS Portfolio or other agreed upon assets, or some combination thereof. | 11-12-2009 |
| 20090287507 | Method for Operating a Return Generation System and a System for Generating Returns - A method for operating a return generation system comprises several steps. In a first step, a group of a plurality of individuals is determined. In a further step, at least one asset is gathered from each of said individuals. Said at least one asset is subsequently transferred to a pool of assets. Upon death of one of the individuals, a rate to be distributed to the surviving individuals is automatically calculated. Subsequently, the assets are distributed among the surviving individuals. | 11-19-2009 |
| 20090287508 | METHODS OF ANALYSIS OF POLYMORPHISMS AND USES THEREOF - The present invention provides methods for the assessment of a subject's health risk and the application of that assessment to a health-related decision, in particular a financial decision. The methods are dependant on the results of at least one genetic analysis, in particular genetic analyses that are predictive of predisposition to one or more diseases, including one or more genetic analyses of genetic polymorphisms associated with one or more diseases. Methods and systems for determining the availability of insurance to a subject utilising an assessment of a subject's health risk are also provided. | 11-19-2009 |
| 20090287509 | METHOD AND SYSTEM FOR AUTOMATING INSURANCE CLAIMS PROCESSING - Techniques for automating insurance claim processing are provided. The techniques include obtaining at least one rule from historical data, using the at least one rule to segment a dataset, wherein segmenting the dataset comprises using an iterative process involving a pattern classification technique, using the segmented dataset to determine if a claim can be automatically settled, and automatically settling a claim if it is determined that the claim can be automatically settled. | 11-19-2009 |
| 20090287510 | Methods and products for providing incentive compatible mortgage loans - A method for efficient first mortgage loans including the steps of identifying suitable borrowers for a marginally priced mortgage loan, determining an aggregate asset value of property owned by the suitable borrowers, determining a capital structure of the marginally priced mortgage loan for the respective property as between debt and equity, tranching the debt capital structure into a plurality of debt tranches, wherein lowest loan to value tranches have seniority over higher loan to value tranches, assigning each tranche an interest rate based upon a plurality of criteria including probability of default, correlation of default, and credit market conditions, creating a structured note which provides legal rights for each such tranche in a bankruptcy remote issuance entity and securitization or sale of such structured notes to investors. | 11-19-2009 |
| 20090287511 | METHOD OF OBTAINING PREPAYMENT OF A CONTRACT PAYMENT - A method for conducting a transaction is provided wherein a consumer prepays for a service in a traditional retail transaction to obtain a voucher that allows the customer, at a later time and date, to complete the enrollment process in order to obtain the underlying service. In general operation, a customer selects a desired service that is represented by a tangible product representation, such as a gift card or the like. That product representation is then presented to the cashier at the retail location like any other product and the customer pays the cashier for the product. The settlement value for the retail transaction is sent to the service provider and the customer uses the product representation to contact the service provider to complete the transaction for services and establish a contract or account. | 11-19-2009 |
| 20090287512 | System And Process For Dominance Classification For Insurance Underwriting Suitable For Use By An Automated System - A risk classification technique that exploits the existing risk structure of the decision problem in order to produce risk categorizations for new candidates is described. The technique makes use of a set of candidates for which risk categories have already been assigned (in the case of insurance underwriting, for example, this would pertain to the premium class assigned to an application). Using this set of labeled candidates, the technique produces two subsets for each risk category: the Pareto-best subset and the Pareto-worst subset by using Dominance. These two subsets can be seen as representing the least risky and the most risky candidates within a given risk category. If there are a sufficient number of candidates in these two subsets, then the candidates in these two subsets can be seen as samples from the two hypothetical risk surfaces in the feature space that bound the risk category from above and below respectively. A new candidate is assigned a risk category by verifying if the candidate lies within these two bounding risk surfaces. | 11-19-2009 |
| 20090292562 | SYSTEM AND METHOD FOR ADMINISTERING FIXED INDEX ANNUITIES - A system for administering an insurance account includes a processor; a memory in communication with the processor; the processor being adapted to: access data indicative of a value of an index calculated based on a formula including as factors prices of individual equity securities; access data indicative of dividend yield; access data indicative of an asset value of an insurance account having a value based on the index; determine an updated asset value of the insurance account based on change in the index and on the dividend amount paid; store the determined updated asset value in the memory; and provide an output signal indicative of the determined updated asset value. | 11-26-2009 |
| 20090292563 | SYSTEM AND METHOD FOR ADMINISTERING VARIABLE ANNUITIES - A system for administering a variable annuity account includes a processor and a memory in communication with the processor. The processor is adapted to: access from a memory storage device data indicative of actual performance over a time period of a fund within the variable annuity account; access from a memory storage device data indicative of benchmark performance of the fund; compare the actual performance data to the benchmark performance data, and store the result of the comparison in the memory; based on the results of the step of comparing, determine whether to refund to the account an amount; if the amount is to be refunded, access data indicative of the refund amount; access data indicative of the asset value of the account; determine an updated asset value based on the asset value and the amount to be refunded; store the determined updated asset value in a memory storage location; and provide an output signal including data indicative of the change in the asset value of the account. | 11-26-2009 |
| 20090292564 | SYSTEM AND METHOD FOR ADMINISTERING ANNUITIES - A computer-implemented method for administering an annuity product includes storing by a processor in memory an amount of an initial funding payment, an interest rate formula and a term for an accumulation annuity, and storing terms including a deferral term for a guaranteed income annuity. If the processor determines that the current time is during the term, the processor calculates an amount of interest earned on the fixed rate annuity and storing in memory a credit of the calculated interest amount to a guaranteed income annuity. After the accumulation period, the processor provides an output signal indicative of instructions to provide a notice of expiration. After the deferral period, the processor calculates an income annuity payment amount from the guaranteed income annuity; and provides an output signal indicative of instructions for a payment to be made to an annuitant based on the income annuity payment amount. | 11-26-2009 |
| 20090292565 | Method of Managing Unemployment Claims - Various embodiments of this invention disclose a computer-aided human resources employment system and method that electronically captures and shares, in real-time, human resources and unemployment events and the completed forms that relate to those events. Other embodiments of this invention disclose a computer-aided system for managing human resources and unemployment forms and data captured in those forms. Another embodiment of the invention relates to a system and method for managing unemployment claims. This invention also relates to a human resources employment computer-based product that manages human resources and unemployment forms and database information. | 11-26-2009 |
| 20090299772 | Pet passenger insurance coverage and methods therefor - A method of insuring pet passengers of motor vehicles comprises collecting underwriting data from a prospective customer, the underwriting data including identification of at least one covered pet, and issuing an insurance policy to the prospective customer, the prospective customer becoming an insured under the insurance policy, the insured owning the at least one covered pet. The method further comprises determining the occurrence of a covered loss, the covered loss comprising one of injury to, death of or disappearance of the at least one covered pet caused by a motor vehicle collision and paying a first payment for the purposes of paying covered expenses related to the covered loss. | 12-03-2009 |
| 20090299773 | SYSTEM AND METHOD OF MANAGING AN INSURANCE SCHEME - A system for managing an insurance scheme includes a benefit module to define at least one insured event for an insured person and to define at least one benefit to be paid out on the occurrence of one of the insured events. A monitoring module monitors any interest rate increases or decreases as set by a financial institution. A calculation module alters the at least one benefit based on any monitored change in interest rate, wherein the amount of the altering is related to the amount of the increase or decrease of the interest rate and an awards module, on the occurrence of the at least one insured event, provides the at least one altered benefit to the insured person. | 12-03-2009 |
| 20090299774 | SYSTEM AND METHOD OF MANAGING AN INSURANCE SCHEME - A system for managing an insurance scheme includes a calculation module to, on the occurrence of an insured event for an insured person, calculate a subsidy for expenses for the insured person or a nominated beneficiary. The subsidy is calculated by accessing data defining a plurality of categories of expenses and determining for each category a spend amount. The spend amount is either an average historical spend amount over a period of time prior to the insured event or an actual spend amount for a period of time after the insured event. A percentage is then calculated using the insured person's participation with a wellness programme. Finally, the amount of the subsidy is calculated by multiplying the percentage by the spend amount. A payment module effects payment of the subsidy to the insured person, the nominated beneficiary or a third party goods or services provider. | 12-03-2009 |
| 20090299775 | SYSTEM AND METHOD OF MANAGING AN INSURANCE SCHEME - A system for managing an insurance scheme, the system including a benefit module to define at least one insured event for an insured person and to define at least one benefit to be paid out on the occurrence of one of the insured events. A monitoring module monitors the compliance of the insured person with a wellness programme. A calculation module alters the at least one benefit based on the degree of participation of the insured person with the wellness programme and an awards module, on the occurrence of the at least one insured event, provides the at least one altered benefit to the insured person. | 12-03-2009 |
| 20090299776 | SYSTEM AND METHOD OF MANAGING AN INSURANCE SCHEME - A system for managing an insurance scheme includes a benefit module to define at least one insured event for an insured person and to define at least one benefit to be paid out on the occurrence of one of the insured events. A calculation module alters the at least one benefit based on a) a time factor; and b) the life impact of the insured event on the insured person. An awards module, on the occurrence of the at least one insured event, provides the at least one altered benefit to the insured person. | 12-03-2009 |
| 20090307011 | Method of adjusting an insurance premium - The present invention broadly provides an improved method ( | 12-10-2009 |
| 20090307012 | DEVICE FOR AUTOMATICALLY PROCESSING AND MONITORING DANGEROUS EVENTS - Proposed is a system ( | 12-10-2009 |
| 20090307013 | Data Tag Creation from a Physical Item Data Record to be Attached to a Physical Item - A item data management server having the capability to create a data tag from a physical item data record, where the physical item data record is based upon a physical item in the control of a user. The data tag creation facilitates the identification, maintenance and upkeep of the inventory of physical items, and also provides a feature for providing information relating to the physical items to the user/owner as well as to third-party service providers, such as insurers, and to governmental authorities, such as in the event of theft, to aid in the recovery of the physical items. | 12-10-2009 |
| 20090307014 | METHOD OF APPRAISING AND INSURING INTELLECTUAL PROPERTY - Methods are disclosed for using computers, computer programs, algorithms and computer networks and communications hardware and protocols to appraise the value of assets as well as protecting asset owners from the risk that other entities will value those assets differently. The methods disclosed include: Supplementing traditional valuation methods with other considerations that may affect the value of intellectual property assets. Using insurance type financial instruments to maintain compliance with regulatory requirements such as those imposed by the Sarbanes Oxley Act, the SEC, or the IRS. Using insurance type financial instruments to protect intellectual property asset owners from the risk that tribunals, regulatory agencies, or other entities will appraise intellectual property assets at a different value. | 12-10-2009 |
| 20090307015 | SYSTEM AND METHOD OF MANAGING AN INSURANCE SCHEME - A system for managing an insurance scheme includes an event module for defining at least one insured event for an insured person. A calculation module calculates at least one benefit to be paid out on the occurrence of the at least one insured event wherein the amount of the at least one benefit is adjusted depending on the number of dependents of the insured person. Finally, an awards module, on the occurrence of the at least one insured event, provides the calculated at least one benefit to the insured person. | 12-10-2009 |
| 20090307016 | Variable Annuity With a Guaranteed Minimum Accumulation Benefit Based on an External Index - Products, methods and system for guaranteeing the minimum accumulation benefit of an investment account owned by an entity are described. The steps of the guarantee include determining an external index or method to use to calculate the guarantee at the end of the defined investment period; allowing the owner of the investment account to select from available investment options; and at the end of the investment period crediting the investment account the difference of the current value of the investment account and the calculated minimum value of the investment account if the investment account has not increased in value above the calculated minimum. | 12-10-2009 |
| 20090307017 | APPAREL AND TEXTILE INSURANCE SYSTEM AND METHOD - In an embodiment, a system and method is provided for a processor to manage an apparel and textile item insurance policy. At least one database stored on processor enabled media includes electronic apparel information and electronic policy information. The electronic apparel information represents at least one apparel or textile item, and the electronic policy information represents at least one insurance policy respectively associated with the at least one apparel or textile item. A communication device that is operatively connected to one or more processors receives first electronic apparel information from a first user computing device operated by a first user. The first electronic apparel information represents a particular apparel or textile item. The one or more processors retrieves from the database(s) electronic policy information representing a policy relating to the apparel or the textile item, and the processor(s) assign the policy to the apparel or textile item. Electronic claim information is received from the first computing device or a second user computing device. The electronic claim information represents a claim on the policy for the apparel or textile item. The one or more processors determines whether the policy for the apparel or textile item covers the claim. If the policy covers the claim, then the one or more processors transmits an electronic authorization notification. If the policy does not cover the claim, then the one or more processors transmits an electronic denial notification. | 12-10-2009 |
| 20090313050 | Computer Based System for Pricing an Index-Offset Deposit Product - A computer-based method for determining a value of an index-offset deposit product, having a principal amount P, a term T, a specified guaranteed amount G, and an index credit C, comprising:
| 12-17-2009 |
| 20090313051 | LIQUID INSURANCE CONTRACTS - A liquid insurance contract (LIC) comprises a security which is traded or tradable and which has cash flows to the issuer based upon a liability whose exact value is unknown at the time of issuance. A method for creating and trading these LICs, as well as other financial products derived from LICs, may include any of the following steps: writing at least one LIC; preparing regulatory filings for at least two LICs; issuing the two LICs; preparing regulatory filings for a financial product which includes at least one detachable LIC provision; issuing the financial product; creating at least one underwriter as a closed end fund owned by a parent company; placing ownership of at least a portion of an issue of the financial product in an underwriter owned by a parent company; spinning off the underwriter from the parent company using at least one stock dividend; trading shares of the underwriter; reporting information on trades and positions of the underwriter; and valuing the underwriter using analytic modeling, sensitivity testing, portfolio analysis, and/or investment analysis. | 12-17-2009 |
| 20090313052 | System and method for managing tier-priced commodity transactions - Methods and systems for managing the sale of commodities, such as tier-priced commodities, are described. Risk is managed by bundling with the commodity a financial instrument designed to indemnify against the risks associated with purchasing the commodity. The financial instrument may be an insurance instrument, for example. In one embodiment, bundled products are offered for sale to two or more bidders, at respective offer prices. The bidder that exceeds their respective offer price by the greatest amount is sold the bundled product. Different prices may be offered to different purchasers for respective bundled products. The offers, bids, and determination of who wins the bidding may be made by processors or computers coupled to networks, such as the Internet. | 12-17-2009 |
| 20090319302 | SYSTEMS AND METHODS FOR DETERMINING COST OF INSURANCE RATES - According to some embodiments, a current net amount at risk associated with a life insurance policy is determined. The life insurance policy may, for example, have been previously issued to a consumer for a given face death benefit amount. At least one applicable cost of insurance rate may then be automatically selected based at least in part on the determined net amount at risk. The applicable cost of insurance rate can then be applied to the current net amount at risk for the policy. For example, a first cost of insurance rate may be applied to a first portion of the current net amount at risk, and the applicable cost of insurance rate may be applied to a second portion of the current net amount at risk. | 12-24-2009 |
| 20090319303 | METHOD OF INSURING INDIVIDUALS USING GUARANTEED INSURANCE, TERM INSURANCE, AND NON-GUARANTEED INSURANCE - A method of insuring a group of individuals includes purchasing a guaranteed insurance component and a decreasing term insurance component using a level premium received for each individual. The guaranteed component is based on relatively conservative risk assumptions, and provides a paid-up benefit upon cessation of payment of premiums if premiums have been paid for a designated number of years. Any excess interest is used to purchase a non-guaranteed component having a paid-up benefit based on relatively less conservative risk assumptions. The paid-up benefit of the guaranteed component and the term benefit combine to provide an in-force benefit. During an initial level benefit period, the non-guaranteed insurance component increases the paid-up benefit amount. Once the sum of the guaranteed benefit amount and the non-guaranteed benefit amount exceeds the in-force benefit, premiums are no longer owed and the coverage becomes fully paid-up. | 12-24-2009 |
| 20090326987 | COMPREHENSIVE INSURANCE PRODUCT WITH LOSS COVERAGE AND ASSISTANCE SERVICES - Aspects of the disclosure describe systems and methods for providing a combined insurance and assistance product to an insured. Insurance coverage can be provided to the insured for at least one insured loss event in conjunction with assistance services coverage based upon the at least one insured loss event. A base premium for the combined insurance and assistance product can be calculated based at least in part on a premium for the insurance coverage and a premium for the assistance services coverage. Assistance services can include preventive services directed to helping avoid the occurrence of at least one insured loss event and/or rehabilitative services directed to providing assistance after an occurrence of at least one insured loss event. | 12-31-2009 |
| 20090326988 | MANAGING CONSISTENT INTERFACES FOR BUSINESS OBJECTS ACROSS HETEROGENEOUS SYSTEMS - A business object model, which reflects data that is used during a given business transaction, is utilized to generate interfaces. This business object model facilitates commercial transactions by providing consistent interfaces that are suitable for use across industries, across businesses, and across different departments within a business during a business transaction. In some operations, software creates, updates, or otherwise processes information related to a budget availability control register, a financial accounting view of work order, a funds commitment document, an insurance contract, and/or a project cost estimate business object. | 12-31-2009 |
| 20090326989 | INTERACTIVE INFORMATION MANAGEMENT SYSTEM AND METHOD - A method is provided for interactively managing insurance claim information using a web site with an insured side and an insurer side. An insured provides information pertaining to lost or damaged items associated with a property loss claim. Upon submitting a claim to the claim management system, the insurer has access to the information from the insurer side of the website to process the claim. The adjuster can verify the information associated with each item, and can adjust the estimated replacement values for each item before reimbursing the insured for the claim and memorialize a justification for the adjustment. The adjuster can assist an insured with submission of the claim by remotely accessing the insured's claim on the insured's side of the website and either completing the claim information on their behalf, or coach the insured during completion of the claim. | 12-31-2009 |
| 20100004952 | SYSTEM AND METHOD FOR TRACKING, MONITORING AND REPORTING EXTINGUISHMENT OF A TITLE INSURANCE POLICY - A system for monitoring a title insurance policy is disclosed. The system includes a processor, a memory in communication with the processor, and a database in communication with the processor and the memory, the database configured to store a plurality of property records. The system further includes computer readable logic stored on the memory and executable on the processor, the computer readable logic configured to receive a title record associated with the title insurance property, compare the received title record with each of the plurality of property records stored by the database, match a property record of interest from each of the plurality of property records, and report a status indicator for the title insurance policy. | 01-07-2010 |
| 20100004953 | METHODS FOR DIGITAL MANAGEMENT OF UNDERWRITING INSURANCE CONTRACTS - Disclosed are methods of underwriting insurance contracts. In one embodiment a method comprises receiving from a registered user a request for approval of the insurance contract, the request for approval of the insurance contract including underwriting parameters of the insurance contract; reading, from a user database underwriting criteria corresponding to the user; determining whether the underwriting parameters of the insurance contract satisfy the underwriting criteria of the user; and providing an interface including a status message indicating that at least one underwriting criterion is not satisfied, if at least one underwriting criterion is not satisfied. The interface can include a graphical element linking a part of the status message with a displayed parameter of the contract. In another embodiment the method further comprises determining whether the underwriting parameters of the insurance contract satisfy underwriting criteria corresponding to a managing user with a greater scope of authority than the registered user. | 01-07-2010 |
| 20100004954 | SYSTEMS FOR DIGITAL MANAGEMENT OF UNDERWRITING INSURANCE CONTRACTS - Disclosed are systems for underwriting insurance contracts. In one embodiment a system comprises a rules database of business rules specifying one or more conditions based upon one or more underwriting parameters; a user database comprising entries corresponding to registered users; and a processor configured to: provide to the user a form having a plurality of data fields generated based upon the underwriting parameters specified in the business rules; receive a plurality of inputted underwriting parameters corresponding to the data fields; determine whether the inputted underwriting parameters satisfy the business rules; and if at least one of the inputted underwriting parameters does not satisfy the business rules, provide a status message indicating that at least one business rule is not satisfied. The status message can be provided in an interface that includes a graphical element linking a part of the status message with a portion of the displayed form. | 01-07-2010 |
| 20100004955 | BUSINESS HSA PLATFORM - A business HSA platform is provided. The system may include an eligibility detector, an HSA setup module, an HSA expenditures manager, and an employer contributions manager. The eligibility detector may be configured to determine health savings account (HSA) eligibility of an employee. The HSA setup module may be configured to establish an HSA account for the employee. The HSA expenditures manager may be configured to facilitate on-line management of the HSA account. The employer contributions manager may be configured to facilitate automatic contributions by an employer of the employee into the HSA account. | 01-07-2010 |
| 20100004956 | SYSTEM AND METHOD FOR IMPROVED PATIENT CARE - The present invention relates generally to healthcare, and more specifically to a process for more completely and more accurately diagnosing the health condition of health insurance plan members through a comprehensive health assessment. In doing so, the method of the present invention reflects the guidelines established by various insurance payors such as the United States Centers for Medicare and Medicaid Services (“CMS”). The present invention further provides a method for monitoring follow-up member care to increase the likelihood that the quality of medical care given to plan members is increased. | 01-07-2010 |
| 20100004957 | Interactive system and methods for insurance-related activities - Systems and methods for performing insurance related activities are provided. Software can be implemented to provide a (optionally networked) application that includes an interactive interface for use by insurance professionals in managing clients. Personal data can be received for computing a client's financial condition. Business data of the client can be received for computing a business financial condition of the business at the death of the client. An assumption of the business financial condition, including levels of business owned life insurance can be modified. A selection mechanism can also be provided, which when selected displays a representation of a death benefits to the client and to the business, based on the modified assumption. The personal financial and business financial condition can change in relation to a change in the personal death and business death benefit as the assumptions are interactively modified, thereby showing the benefit of business owned life insurance. | 01-07-2010 |
| 20100010836 | METHODS AND SYSTEMS FOR COMPARING EMPLOYEE INSURANCE PLANS AMONG PEER GROUPS - The present invention is directed towards methods and systems for a benchmark based comparison of an employee insurance plan of an organization to employee insurance plans from other organizations in a peer group. The present invention enables a user to enter details about an employee insurance plan of a first organization and allows the user to compare the insurance plan to a benchmark computed from data collected from a plurality of organizations in a peer group of the first organization. The comparison report does not identify the organizations from which data is collected. | 01-14-2010 |
| 20100010837 | SYSTEM AND METHOD FOR USE IN BILLING FOR GROUP BENEFIT INSURANCE - A computer system for use in connection with employee benefits furnished via an insurance provider has a processor and a memory in communication with the processor. The processor is adapted to receive input data indicative of a customer identification, a term, one or more types of coverage, a premium amount for the customer for the term and the one or more types of coverage, and one or more conditions relating to premium amount; store the received input data in memory; based on the received input data, generate a bill to the customer, the bill including customer name and address, the premium amount, the term, and the one or more types of coverage; receive a signal having data indicative of a change related to coverage; determine whether the change triggers a change in premium; and if the data is indicative of a change in premium, provide an output signal indicative of a premium change. | 01-14-2010 |
| 20100010838 | SYSTEM AND METHOD FOR MAXIMIZING AFTER-TAX INCOME USING SPLIT METHOD CHARITABLE REMAINDER TRUSTS - A system and method are disclosed for maximizing after-tax income from charitable remainder trusts, An evaluation service establishes a first charitable remainder trust that generates ordinary income from fixed income investments and a second charitable remainder trust that generates growth income from equity investments. The evaluation service further identifies a qualifying charitable organization. The evaluation service calculates a risk weight and distributes grantor assets between the first and second charitable remainder trusts based on the risk weight. | 01-14-2010 |
| 20100017234 | AUTOMATED INSURANCE ENROLLMENT, UNDERWRITING, AND CLAIMS ADJUSTING - An insurance enrollment and underwriting method includes providing a first user interface with one or more controls for enabling a user to specify one or more health conditions in an enrollment application for pet health insurance. Data representing one or more health conditions specified through the first user interface is received. That data is electronically processed. Each condition is electronically flagged as a condition that is acceptable, precluded, or for manual review. A dollar limit of coverage for each of a plurality of diagnoses in lieu of one or more exclusions is calculated. The plurality of diagnoses include one or more diagnoses related to one or more of the health conditions. Where all conditions are and flagged as acceptable or determined to be acceptable following a manual review, an active policy is packaged to include coverage for each of the plurality of diagnoses up to each diagnosis' corresponding dollar limit of coverage. | 01-21-2010 |
| 20100017235 | METHOD AND APPARATUS FOR PROCESSING UNCERTAIN TRANSACTION AMOUNTS IN A PAYMENT SYSTEM - A first acquirers receives, via a payment network configured to facilitate transactions between multiple issuers and multiple acquirers, an authorization response flagged with a flag. The flag indicates that clearing of a first transaction, associated with the authorization response, is to be suspended. The first transaction initially has an uncertain amount, and is associated with a first payment account, of a first user, associated with a first issuer. Subsequent determination of a final certain amount for the first transaction is awaited. Upon determination of the final certain amount, the first one of the acquirers proceeds with clearing the first transaction, based on the final certain amount. The steps are repeated for at least a second acquirer and at least a second transaction. The second transaction is associated with a second payment account, of a second user, associated with a second one of the issuers. The steps are carried out by an operator of the payment network, and the flag is understandable to the first and second issuers and the first and second acquirers. | 01-21-2010 |
| 20100017236 | Method and System for Configuring a Vehicle - A method and system for providing insurance, the method including making an agreement to provide insurance for a vehicle and reconfiguring the vehicle to alter the driving performance of the vehicle based on the agreement. The system includes a server arranged to provide a user interface through which a user can make an agreement for the provision of insurance and to generate instructions for reconfiguring a vehicle to alter the driving performance of the vehicle based on the agreement. | 01-21-2010 |
| 20100023352 | System and Method for Improved Information Sharing by Repair Facilities for Managing Rental Vehicle Reservations - A method and system are disclosed for managing a rental vehicle reservation wherein the need for reservation managers to follow-up with repair facilities to gain additional information about repair work to disabled vehicles can be greatly reduced if not eliminated. Upon receipt of an update from a repair facility as to repair work for a disabled vehicle that pertains to a replacement rental vehicle reservation, an appropriate set of follow-up questions is directed to the repair facility by automated processes without the need for human intervention by the reservation manager. Furthermore, to support flexibility with respect to different informational needs by different purchasers of replacement rental vehicle services, the set of follow-ups questions that is selected and directed to repair facilities can vary based on a number of parameters. | 01-28-2010 |
| 20100023353 | METHOD FOR ESTABLISHING, TRACKING AND AUDITING COMPLIANCE - A method and system for tracking and auditing activities against a set of guidelines for an Insurance Law Firm. An automatic process, manual process or both, for receive notifications of upcoming and passed guideline due dates with both prospective and retrospective auditing capabilities. The system is customizable to fit the idiosyncrasies of each user firm, such as client type and billing procedures. It also may utilize the industry standard Universal Task Based Management System (UTBMS) task and activity codes. Additionally, the system may utilize a 3 | 01-28-2010 |
| 20100023354 | SYSTEM AND METHOD OF MANAGING AN INSURANCE SCHEME - A method of managing an insurance scheme includes defining a plurality of categories of living expenses. Defining a plurality of life changing events. On the occurrence of a life changing event for an insured person of the scheme, at least partially subsidising expenses in the category of living expenses for the insured person or a nominated beneficiary of the insured person. | 01-28-2010 |
| 20100023355 | Method and System of Developing a Product - Aspects of the invention include a method and system to develop a product within a corporate environment comprising diverse business units that are located in geographically dispersed locations. In addition, aspects of the invention provide for a streamlined product development process such that a company can efficiently launch products to market from an idea generation stage. Further aspects of the invention include systems and methods that coordinate product development activities within and between different business units within a company. Additional aspects of the invention provide for systems and methods that improve efficiency, reduce redundancy and provide synergy of expertise between different business units to develop a product. | 01-28-2010 |
| 20100023356 | Method of Promoting Employee Wellness And Health Insurance Strategy For Same - In an effort to reduce employer health insurance related costs, a state-governed fully-insured health insurance policy is provided for a group of employees. At least one benefit under the health insurance policy is conditional on the employee voluntarily participating in a wellness program. The wellness program could include wellness categories such as a tobacco free category, normal blood pressure category, regular exercise category and even a non-overweight category. In addition, the wellness program could condition coverage, or subsidize deductibles for, certain illnesses on employee submission to screening tests on a prescribed basis for the identified illness, such as cancer screening for early detection of cancer. The voluntary wellness program can also include a variety of other aspects including wellness education, disease inoculation, and injury prevention. The invention provides an incentive for employees to make healthier lifestyle choices. | 01-28-2010 |
| 20100030581 | METHOD FOR ASSEMBLING AND SHIPPING AN ITEM IN A SECURE ENVIRONMENT - A method for assembling and shipping an item using a security cleared space connected to a port authority, comprising the steps of: leasing the security cleared space to a user; obtaining at least one component for assembly of the at least one item; assembling the at least one component in the security cleared space; screening at least one person for entry to the security cleared space; readying the assembled item for shipment to a destination by entering data related to the assembled item into a processor with computer instructions that direct the processor to move the assembled item to a designated storage area or to an aircraft for shipment. A method for receiving an assembled item and disassembling the item into components for storage or shipment is also contemplated. | 02-04-2010 |
| 20100030582 | CENTRALLY MAINTAINED PORTABLE DRIVING SCORE - A method for underwriting an insurance policy includes sending an electronic query from an insurance company to a central vehicle operator rating agency. The method further includes receiving at the insurance company an electronic response to the query from the central vehicle operator rating agency. The response includes data maintained by the central vehicle operator rating agency with respect to a vehicle operator. The data reflects a vehicle operating record of the vehicle operator. The vehicle operating record is a collation of data concerning vehicle operation activities of the vehicle operator over a period of at least two years. The method further includes routing the received data to an underwriter in the insurance company. The underwriter determines whether to issue or renew or adjust an insurance policy that covers the vehicle operator or an employer of the vehicle operator. | 02-04-2010 |
| 20100030583 | APPARATUS, SYSTEMS AND METHODS FOR PROVIDING INVESTMENT PERFORMANCE ENHANCED LIFE INSURANCE PRODUCTS - A system for providing an insurance product for at least one insured customer, including a communication device for receiving at least one application, each application associated with an applicant and including information about the applicant, a processor configured to determine for each application if the applicant qualifies as an insured customer, and a memory configured for storing an account record associated with each insured customer having at least one insured event associated with that insured customer, a benefit amount payable in association with the at least one insured event, an insurance cost, and a cash value based on predetermined account record factors, wherein the processor may define a reserve fund, determine an investment performance associated with the reserve fund during at least one period of time, and calculate a performance credit amount based on the investment performance of the reserve fund and the cash value. | 02-04-2010 |
| 20100030584 | APPARATUS, METHOD, PROGRAM AND COMPUTER-READABLE RECORDING MEDIUM FOR PROVIDING GUARANTEED MINIMUM ACCUMULATED BENEFIT CONTRACT FUNDED WITH MATCHING BOND INVESTMENTS - A guaranteed minimum accumulated benefit (GMAB) variable annuity contract management apparatus stores contract data on GMAB variable annuity contracts having a predetermined contract duration. The apparatus also stores fund data on amounts paid to purchase the contracts. The apparatus computes a portion of the amounts paid that is to be allocated to a bond fund. The apparatus stores data on the portion of the amounts paid to be allocated to the bond fund. A substantial portion, or all, of the bond fund is invested in bonds that have a maturity date that matches the contract duration of the GMAB variable annuity contracts. | 02-04-2010 |
| 20100030585 | Insurance fulfillment system with open vendor interface - An insurance fulfillment system is disclosed that includes, in one general aspect, an interactive vendor interface and storage for item listings. It also includes fulfillment management logic that is responsive to the interactive vendor interface, operative to access the storage, and responsive to a claim settlement system. A shopping access interface is operative to display aggregated item listings from different vendors and is responsive to selection commands to select items based on a claim settlement amount received from the claim settlement system. | 02-04-2010 |
| 20100030586 | SYSTEMS & METHODS OF CALCULATING AND PRESENTING AUTOMOBILE DRIVING RISKS - Systems and methods of calculating and presenting automobile driving risks are provided. In accordance with some embodiments, a method of obtaining driving performance data to provide one or more driving performance risk scores derived from received data is provided. The method can generally comprise receiving an initial data set into a memory, the initial data set comprising telematic data that includes driving performance data; transforming at least a part of the initial data set into a production data set such that the transformation augments certain data elements in the initial data set into predetermined states; storing the production data set into a centralized data repository; and receiving one or more data inquiries from one or more interested parties and in response to the one or more data inquiries providing a driving performance risk score based on data stored in the centralized data repository, wherein the driving performance risk score indicates a level of insurance risk. Other aspects, embodiments, and features are claimed and described. | 02-04-2010 |
| 20100030587 | System and Method for Protection of Assets - A novel life insurance policy provides for an increase in the paid up value of the policy upon the policy holder suffering a financial loss. The loss may result from professional liability of the policy holder, including acts of omission or commission, or may results from any type of casualty loss. | 02-04-2010 |
| 20100030588 | NATIONWIDE AUTO REPAIRS AND TRAFFIC VIOLATION INSURANCE - A method for providing insurance for repairs and resolving traffic violations covers approved repairs for the vehicle and handles requirements to resolve traffic violations for covered operators of the vehicle at little or no added expense to the owner or operator of the vehicle. | 02-04-2010 |
| 20100036683 | DIAGRAMMING TOOL FOR VEHICLE INSURANCE CLAIMS - A method to use a diagramming tool software application is provided. The diagramming tool software application enables an insured to generate a graphical representation of an incident to be submitted along with an insurance claim application form. The method provided herein streamlines the claim application process, and reduces errors stemming from the insurance adjuster being required to associate the drawings with the claims, and/or re-create the drawings in a more legible and/or transferable format. | 02-11-2010 |
| 20100036684 | Method and system of insuring risk - A method for underwriting an insurance product includes identifying a plurality of event categories of operational risk loss and drafting information requests for operational risk management components thereof. A database of the insurance company for stores and analyzes information provided by the client to yield an operational risk exposure assessment of the client. | 02-11-2010 |
| 20100036685 | ONLINE METHOD AND SYSTEM FOR FULFILLING NEEDS RESULTING FROM PROPERTY AND OTHER SIMILAR LOSSES - A method of fulfilling needs acquired as a result of property and other similar losses, the method involving the steps of directing a person or entity with a need resulting from a loss to a site on a global computer network, interviewing the person or entity at the site to obtain information about the person or entity and the need they have, and analyzing and processing the information to provide the person or entity automatic access at the site to at least one service that will go toward fulfilling the need of the person or entity. In addition to the method, a system for fulfilling needs acquired as a result of property and other similar losses, the system including a site on a global computer network for fulfilling needs of persons or entities acquired from property and other similar losses, the site having an interviewing component for obtaining information about the person or entity and the need they have, and a data analyzing and processing component for analyzing the information provided by the person or entity and providing the person or entity automatic access at the site to at least one service that will go toward fulfilling the need of the person or entity. | 02-11-2010 |
| 20100036686 | METHOD AND SYSTEM FOR DATA SUBMISSION MANAGEMENT OF INSURANCE APPLICATION DATA IN A DATA PROCESSING SYSTEM - The present invention is a method and system for data submission management of insurance application data by a host data processing system. The invention comprises authenticating the submission of data relative to an insurance applicant. The authenticated data is matched with a set of data points and merged to create a submission to be matched with a set of price points in a quotation routine to establish a quote. The quote is then accepted or rejected by the applicant. If accepted, then the applicant is bound conditionally. A policy is then issued to the applicant in respect of the quote. Subsequently, a set of endorsements may be added to the policy. A policy information routine for matching the insurance application data to a set of data fields is initiated to establish a living folder which can be the source of data for populating other routines, system folders, or report generators. | 02-11-2010 |
| 20100042442 | Home Value Estimator - A home value estimator software application and related method assist a broker to systematically and accurately estimate the value of a customer's home. Another aspect of the disclosure relates to a heuristic research methodology that can be used to determine values of different characteristics of a home to estimate the value of the customer's home. Further, the values are categorized into different levels using other heuristic methods and then stored in at least one matrix in a database. The software application accesses the values based on user input data to calculate an estimate of the value of the customer's home. Thus, the estimate more accurately reflects the appraised value of the home than the prior art. Consequently, an insurance company may quote an initial premium and insurance coverage of home insurance product to a customer that requires less or nor adjustment after a home inspector appraises the home. | 02-18-2010 |
| 20100042443 | INTELLECTUAL PROPERTY ASSET TITLE INSURANCE - Intellectual property asset title insurance and systems for providing title insurance for intellectual property assets are disclosed. A chain of title is determined for an intellectual property asset. An intellectual property title certificate is issued as verification or confirmation of the chain of title of the intellectual property asset. The invention is useful in transactions involving the buying, selling, transferring, valuation, borrowing against or securing credit with intellectual property assets. The intellectual property title certificate may be in paper or electronic form. A party involved in a transaction takes out an intellectual property title insurance policy prior to receiving the certificate. In some cases, for example, where the absolute chain is not determinable, the title certificate may reflect appropriate riders and exclusions, endorsements, conditions and gap coverage. Letter reports can supplement the actual title certificate and provide additional relevant information to the intellectual property asset. The invention is part of an overall transaction assurances solution, which may be conducted on the internet with a website providing intellectual title insurance services or other intellectual property asset insurance. The policy costs may be determined by valuation of the intellectual property asset, risk of the chain of title history, and how long a chain of history there is to be verified. | 02-18-2010 |
| 20100042444 | SYSTEM AND METHOD FOR INSURANCE PRODUCT DEVELOPMENT - Described are systems and methods for insurance product development. A method may include generating a product specification for an insurance product, compiling the product specification into a product model, inputting test data into the product model to generate output data, and comparing the output data to at least one predetermined benchmark. The product specification may include computer code. | 02-18-2010 |
| 20100049551 | COMPUTER SYSTEM FOR APPLYING PROACTIVE REFERRAL MODEL TO LONG TERM DISABILITY CLAIMS - A computer system includes a data storage module. The data storage module receives, stores, and provides access to data related to long term disability claims. A proactive referral model component is coupled to the data storage module, and determines whether to refer a current claim to an investigation unit. The proactive referral model is based on at least two of the following variables: (a) a variable that indicates that the claimant's diagnosis has changed; (b) a variable that indicates that the current claim in question was brought under any-occupation coverage; (c) a variable that reflects a market segment for a policy under which the current claim in question was brought; (d) a variable that has a value based on a state in which the claimant resides; and (e) a variable that represents an amount of experience of a claims handler who handled the current claim in question. | 02-25-2010 |
| 20100049552 | First Notice Of Loss reporting with integrated claim processing - In one general aspect, an insurance claim processing method is disclosed. It includes establishing a communication session over a communication link between a first location for a first insured and a claim processing location, and receiving a first notice of loss communication from the first location at the claim processing location during the communication session over the communication link. It also includes receiving item identification information about a series of different items affected by the loss from the first location at the claim processing location through the communication link, and accessing insurance valuation information about the items at the claim processing location during the communication session. | 02-25-2010 |
| 20100049553 | On-Demand Flight Accident Insurance - A system for providing flight accident insurance at low price and fixed coverage comprises means for limiting the number of policies that can be sold on any given flight to not more than a predetermined number. The predetermined number may be 20. | 02-25-2010 |
| 20100049554 | METHODS AND SYSTEMS OF INSURING FERTILITY CARE LIFESTYLE AFFAIRS - Beneficiaries are registered by an insurance provider for an insurance coverage policy for fertility diagnosis and treatable infertility conditions using either manual or online registration applications over a communications network. Using, knowledge base systems, prospective beneficiary personal descriptor information is matched with terms and conditions information preloaded into the insurance company computer system to generate a customized contract for delivery of infertility treatment services to different categories of beneficiaries. Beneficiaries may range in age from newborn infants up to adults. However, infertility treatment services are not provided either until the beneficiaries reach childbearing age or until the policies of adult beneficiaries vest over a designated time period. Adults can purchase infertility insurance naming their infant child as beneficiary and pay premiums over time until the child reaches childbearing age. Once the child reaches childbearing age, the insurance policy can be utilized by the beneficiary or can be transferred. | 02-25-2010 |
| 20100049555 | METHODS AND SYSTEMS OF INSURING FERTILITY CARE LIFESTYLE AFFAIRS - Beneficiaries are registered by an insurance provider for an insurance coverage policy for fertility diagnosis and treatable infertility conditions using either manual or online registration applications over a communications network. Using, knowledge base systems, prospective beneficiary personal descriptor information is matched with terms and conditions information preloaded into the insurance company computer system to generate a customized contract for delivery of infertility treatment services to different categories of beneficiaries. Beneficiaries may range in age from newborn infants up to adults. However, infertility treatment services are not provided either until the beneficiaries reach childbearing age or until the policies of adult beneficiaries vest over a designated time period. Adults can purchase infertility insurance naming their infant child as beneficiary and pay premiums over time until the child reaches childbearing age. Once the child reaches childbearing age, the insurance policy can be utilized by the beneficiary or can be transferred. | 02-25-2010 |
| 20100057498 | METHOD AND COMPUTER SYSTEM FOR INSURANCE CLAIMS RECOVERY OPERATION - A method includes receiving in a computer an electronic file that represents a claim paid by an insurance company. The electronic file indicates whether the claim involves another insurance company, and whether the other company has admitted or is likely to admit liability for the claim. The computer makes a triage decision to send a demand letter to the other company and then defer action if the other insurance company is likely to admit or has admitted liability. Otherwise, the computer sends the demand letter and routes the file for immediate follow-up. | 03-04-2010 |
| 20100057499 | SYSTEMS AND METHODS FOR PROVIDING DISTRIBUTIONS TO ASSOCIATION MEMBERS BASED ON AFFINITY PROGRAMMING - A system and method for providing distributions to members of an association based on members' purchases under affinity programs. In response to affinity program purchases by its members, the association receives a membership marketing fee or license fee which the association uses to pay a distribution to the purchasing members, payable after a holding period. The affinity program purchases may be made directly by association members, or through an intermediary who pays the royalty fee to the association based, for example, on a commission received from the supplier by the intermediary. A variety of goods and services can be provided under the affinity programs. The association also provides educational programs to its members. | 03-04-2010 |
| 20100057500 | SYSTEM AND METHOD FOR MEDIATING ADMISSION FO FOREIGN EDUCATION AGENCY - A domestic mediation server receives information of application for education from a user, provides offer information of domestic and foreign agents or education institutions, and is informed of at least one agent or education institution. In the case that the user selects an agent, the domestic mediation server receives a detailed information for entrance of education institutions corresponding to the application information from the agent. The detailed entrance information is ranked in order of matching with the application information and provided to the user. When the user determines to enter a specific education institution, the agent charges the user education expenses including an entrance fee of the education institution and its commission. When the user settles the education expenses, the user is provided with an insurance policy for guaranteeing safe settlement. Subsequently, when the user completes registration for entrance, the education expenses are transferred to the education institution and the agent. | 03-04-2010 |
| 20100063850 | System and method for determining an objective driver score - The present invention is directed to a business method in the field of automobile insurance, more specifically, a system and method of determining an objective driver score that may be used universally by independent insurers to evaluate the risk of insuring a driver by employing certain risk assessment factors concerning the driver's personal history which are each analyzed to derive weighted scores. Each driver is provided with a portable pin with an electronic key unique to the driver that is encoded for selective activation of a monitoring unit in a vehicle such that solely the activities of the driver being assessed is recorded and communicated to an evaluation center. Once activated, the monitoring unit records and generates the driver's risk assessment record based on the driver's operation of a vehicle equipped with the monitoring unit, as well as other variable parameters concerning operation of the vehicle. Said driver's risk assessment record is analyzed to derive a weighted driver risk assessment score that is aggregated with the individual weighted scores derived from the risk assessment factors to generate an objective driver score. | 03-11-2010 |
| 20100063851 | SYSTEMS AND METHODS FOR RATING AND PRICING INSURANCE POLICIES - Systems, methods, apparatus, computer program code and means for rating and pricing insurance policies are provided. In some embodiments, an automated insurance processing platform rates and prices insurance policies by including a territory factor in the calculation of a premium for the policy. Pursuant to some embodiments, the territory factor is calculated by receiving historical loss data, geographical data, and demographic data, analyzing the historical loss data, the geographical data, and the demographic data to identify data having similar claim behaviors. The historical loss data is analyzed to identify at least a frequency and severity of historical loss by coverage type. The frequency and severity of loss data, the geographical data, and the demographic data is iteratively analyzed to create a territory set having different geographical boundaries for the different coverage types; and the territory set is used to generate a set of territory factors for the different coverage types and the territories. | 03-11-2010 |
| 20100063852 | Automated Insurance Services System - Methods and systems for generation of an insurance to protect the policy-holder of an object which is part of a market against changes in an index related to this market under a period of time are provided. | 03-11-2010 |
| 20100063853 | LIFE INSURANCE INVESTMENT FUND - A method of funding and managing at least one fund of a plurality of diverse life insurance policies issued by a plurality of investment grade carriers, the at least one fund providing enhanced risk adjusted investment return, the at least one fund having owners, the method being implemented on at least one computing device executing software processes, the software processes performing instructions comprising the steps of: selecting, using computer enabled instructions executed by the at least one computing device, the plurality of life insurance policies for the at least one fund without underwriting on the lives of the insured of each life insurance policy, said step of selecting based on a cash value analysis of the life insurance policies to identify those policies with viable projected cash value streams and that can be positively impacted to improve the cash value streams; acquiring, using computer enabled instructions executed by the at least one computing device, the selected plurality of life insurance policies for the at least one fund, wherein benefits of life insurance policy ownership pass to the owners of the at least one fund; and managing the fund, using computer enabled instructions executed by the at least one computing device, to maximize a financial risk adjusted investment rate of return that provides equity level returns with fixed income asset exposure. | 03-11-2010 |
| 20100070307 | Insurance Verification, Eligibility, Referral and Precertification System and Method - A system and method for providing insurance-related services includes receiving identification data associated with a proposed insured party; storing the identification data in a database; connecting via an internet connection to a source capable of verifying at least a status of the proposed insured party; retrieving information related to the proposed insured party over the internet connection; storing the retrieved information in the database; and converting the information related to the proposed insured party to enable integration of the retrieved information for benefit and billing of services provided to the proposed insured party. The verifying can be via a verification module and benefit module coupled to a processor configured to receive data elements for insurance-related transactions. | 03-18-2010 |
| 20100070308 | CONSUMER DIRECTED CHECKING ACCOUNT COVERAGE SYSTEM - A system and method that includes the use of a bank checking account that can be connected to insurance coverage. In particular, a banking consumer can purchase insurance coverage for unexpected events that may affect the historical deposits and withdrawals relating to the checking accounts. Additionally, insurance coverage other than that of the checking account itself can be included, such as life insurance, so long as the account remains active. Accordingly, the present invention can integrate the negative insurance sell into a positive banking experience. | 03-18-2010 |
| 20100070309 | Method and System for Assessing Insurance Risk - The disclosed technology provides systems and methods for estimating the risk of loss for a location. A computer implemented method in accordance with the disclosed technology accesses one or more geographical characteristics associated with a geographical address, considers a plurality of perils and for each peril, computes a corresponding measure of peril that indicates a risk of loss at the geographical address from that peril. The corresponding measure of peril is computed based on the geographical characteristic(s) associated with the geographical address. The individual measures of peril are combined to form a combined measure that indicates a combined risk of loss at the geographical address from the plurality of perils. In one embodiment, the combined measure is used to compute an insurance premium for property at the geographical address. The disclosed technology also includes a computer executing software, wherein the executed software causes the computer to perform the steps above. | 03-18-2010 |
| 20100070310 | Computer Based Method of Pricing Equity Indexed Annuity Product with Guaranteed Lifetime Income Benefits - A computer-based method for determining a set of equity-indexed crediting parameters E for a lifetime-income equity-indexed deposit product provided to a set of owners having a set of dates of birth B, a rider charge C, a lifetime income percentage scale L, a set of profitability requirements R, a principal amount P, and an account value A. The method can include the steps of: establishing the values of C, L, R, P, A and E at a time when said deposit product is purchased; generating a set of yield curve and equity index scenarios consistent with valuation parameters; setting a trial value E | 03-18-2010 |
| 20100070311 | Insurance Policy Revisioning Method - An insurance policy is stored ( | 03-18-2010 |
| 20100076791 | LIFETIME FINANCIAL PRODUCT - A system and method that offers a simple product solution for managing financial risks in retirement is provided. The product solution combines a uniquely structured deposit product (e.g., certificate of deposit (CD)) together with an insurance policy (e.g., group longevity insurance policy) to guarantee a lifetime stream of income to a customer. | 03-25-2010 |
| 20100076792 | Systems and Methods for Determination of Long Term Care Benefits - In one aspect, the invention comprises a computer implemented method comprising: (a) determining an average monthly cost of long term care for a consumer; (b) determining an estimated total cost of long term care for the consumer; (c) receiving and storing in a computer readable medium data describing the consumer's preferences regarding long term care resources; (d) calculating with a processor an initial benefit amount for the consumer; (e) adjusting with a processor the initial benefit amount based on the data describing the consumer's preferences to determine a total benefit amount; and (f) recommending a long term care policy providing the total benefit amount to the consumer, wherein the processors may the same processor or different processors. Other aspects of the invention comprise related method, computer system, and software embodiments. | 03-25-2010 |
| 20100076793 | Personalized Sound Management and Method - At least one exemplary embodiment is directed to implementing personalized sound management applications. A module comprising hardware and software is provided to manufacturers to build a device. A process is architected for remote enabling of a device with personalized sound management applications. Consumers select applications for managing their sound environment through purchased and subscription hardware and applications via a web environment. All products developed by manufacturers are tested and certified running the personalized sound management applications. Manufacturers and consumers may both be covered under for liability insurance. Users may remotely purchase may update, purchase hardware, add and download subscription based applications, and replace consumable through the web environment. | 03-25-2010 |
| 20100076794 | Systems For Valuating and Tracking Items of Property - Systems, methods, and computer program products are provided for tracking and providing information relating to items of tangible personal property. For example, in one embodiment, a property management system is adapted to (a) periodically estimate the value of one or more items of tangible personal property based on data regarding the sale of similar items of tangible personal property and (b) track the value of one or more items of tangible personal property. The property management system may also be used for purposes other than estimating the value of a particular item. For example, the information may be used to help an owner locate a lost or stolen item of tangible personal property. | 03-25-2010 |
| 20100088122 | LIFE INSURANCE SYSTEM AND METHOD - A system for providing life insurance with no out-of-pocket cost including life insurance premiums, a cash component, an increasing death benefit having a fixed portion and a rider portion, the rider portion being at least equal to a cumulative loan balance, an investment configured to provide a rate of return for the cash component, and a stock loan using stock collateral which configured to pay the life insurance premiums. | 04-08-2010 |
| 20100088123 | METHOD FOR USING ELECTRONIC METADATA TO VERIFY INSURANCE CLAIMS - A method includes receiving a digital file from a customer, extracting metadata from the file, and verifying the metadata prior to accepting the digital file. The method may include verifying that a representation of a required physical token appears in the digital file. | 04-08-2010 |
| 20100088124 | SYSTEM AND METHOD FOR PROVIDING AND DISPLAYING DYNAMIC COVERAGE RECOMMENDATIONS - A dynamic computer system assists users in selecting insurance coverage types and levels appropriate for their present financial circumstances. The computer system includes a graphical user interface (GUI) with dynamic sliders representative of a user's financial data. The system accesses third party data to validate and enrich coverage determinations. | 04-08-2010 |
| 20100088125 | System and Method for Automation and Management of Insurance Claims Processing and Post Placement Transactions - A system and method is provided to, for example, manage the process of settling an insurance transaction over a computer network. The management environment is designed to promote collaboration between parties involved in an insurance transaction settlement process by use of defined workflows, digital storage of policy of claim data, and allowing parties to view data and interoperably communicate and transact through the management environment. The management environment serves to improve communication between the parties involved in the insurance transaction settlement process and to reduce costs. | 04-08-2010 |
| 20100094660 | SYSTEM AND METHOD FOR ADMINISTRATION OF COSTS RELATED TO ANNUITIES - A system for administration of an insurance annuity account has a processor and a memory. The processor receives a net asset value of the account at a commencement of a first period and a charge applicable to the account based on a fraction of the net asset value of the account; on a basis of a second period, shorter than the first period, throughout the first period: the processor calculates a fractional charge based on the net asset value of the account, and updates the net asset value by decrementing the net asset value in the amount of the fractional charge. At the end of the first period, the processor compares a charge for the first period based on the net asset value of the account on one day during the first period to a sum of the fractional charges for the first period, and increases the net asset value by the difference if the first period charge is less than the sum of the fractional charges. | 04-15-2010 |
| 20100094661 | METHOD AND SYSTEM OF DETERMINING AND APPLYING INSURANCE PROFIT SCORES - Preferred embodiments of the invention include a new and innovative method and system of determining a profit score for an individual policy, which score may be used to evaluate the desirability of offering or renewing individual insurance policies. The present invention also may be applied to determine the profitability of aggregate books of business, which may be offered by individual insurance agents or agencies, whether captive or independent. | 04-15-2010 |
| 20100094662 | Method and system for provision and acquisition of medical services and products - Transactional costs associated with providing professional services are reduced by allowing prospective patients/clients (bidders) and professional service providers to negotiate competitively for desired fees for proffered services through an interactive on-line communications network such as the Internet. In an exemplary arrangement, a transaction system includes a communications network server that interfaces and communicates online with client computer systems belonging to various prospective bidders and personal medical service providers using, for example, an exchange of HTML documents and/or JAVA script applets. A transaction system server handles online communications and procedures for conducting auctions for delivery of proffered services and maintains a registration database of service providers and bidders. An authentication/qualifier engine automatically researches and verifies service provider credentials and background information upon registration of a service provider with the system. Service provider qualification credentials and medical procedural code information databases as well as one or more search engines for verifying and/or researching the qualifications of a particular service provider are provided and made available to a bidder via, for example, a web-page menu driven interface. A service feedback interface and database are provided for handling online feedback information and comments from patients/clients and providers regarding the complexity and quality of services received or provided. The transaction system may also include remote client system software/hardware facilities for bidders and providers for providing customized database and computational services for communicating and participating in online bidding activities. An integrated life and health insurance product that integrates competitive bidding for health services with usage of death benefit equity for the purpose of life prolongation. | 04-15-2010 |
| 20100094663 | HEALTH PLAN ENROLLMENT SYSTEMS AND METHODS OF USE THEREOF - The present invention relates to certain on-line health and benefits plan enrollment systems and methods of use thereof. According to certain embodiments of the present invention, systems are provided for enrolling employees in, and administering, one or more employee health plans. Such embodiments generally comprise at least one server that is capable of hosting a website that may be accessed by an employer via the internet. The website preferably comprises an employer enrollment portal that allows an employer to establish itself as the health care plan administrator. The employer enrollment portal is preferably capable of submitting various types of information to the server, such as the name and address of the employer, payroll information, employer bank information, health plan co-pay amounts, required employee contribution amounts and frequency, enrollment data, or any combination of the foregoing. The website preferably further comprises an employer plan management portal that allows the employer to manage and modify the employee health plan. Still further, the website preferably comprises an employee plan management portal that allows employees to manage and modify their health plans. | 04-15-2010 |
| 20100094664 | INSURANCE CLAIMS AND RATE EVASION FRAUD SYSTEM BASED UPON VEHICLE HISTORY - A system and method of identifying warning signs of fraud associated with vehicle insurance transactions is presented. The system and method operate by identifying a vehicle, retrieving vehicle history information about the vehicle and determining if the vehicle history information indicates potential fraud based on factors which show a relationship between said vehicle history information and potential fraud incidents. Inferences related to an insurance claim or quote are made based on the results of the determination. | 04-15-2010 |
| 20100094665 | Life insurance products under a single approved form - A system and method for generating life insurance products under a single approved form. In one aspect, a system and method are provided for determining a premium schedule by selecting a death benefit; targeting a projected balance of an account associated with the product; designating at least one premium band; generating, in response to a deferral determination for at least one premium-based charge for at least one premium band, factors for allocating charges associated with the product; and calculating the premium schedule. In another aspect, a system and method are provided for determining a death benefit, and in another aspect, a system and method are provided for determining a projected balance of an account associated with a life insurance product. | 04-15-2010 |
| 20100094666 | SYSTEM AND METHOD FOR PROCESSING AND TRANSMITTING PAYROLL-RELATED DATA FOR INSURANCE TRANSACTIONS - A computer system accesses payroll-related insurance premium data at an individual employee level and provides the data at the individual employee level, including cost of insurance at the individual employee level, on a client device. A computer system compares stored data with payroll data and identifies employees lacking occupation classification information for payroll-based premium determination. The computer system provides a fillable form on a user device for the user to provide occupation classification data, and receives the occupation classification data. The computer system provides fillable forms on a user device for a user to provide payroll data for receipt by the system, runs business rules on the received payroll data, determines premiums for payroll-based insurance coverage. | 04-15-2010 |
| 20100094667 | INSURANCE PRODUCTS AND RELATED METHODS AND SYSTEMS - A method of structuring a life insurance product includes: selecting one or more insureds from a pool of applicants; collecting at least one premium payment, the at least one premium payment comprising a charge for cost of insurance; issuing at least one policy covering the one or more insureds, the at least one policy having a cash value and a death benefit; placing the at least one premium payment into an account, thereby populating the account with assets; investing the assets thereby generating a rate of return; tying the cash value and death benefit amounts to the rate of return; creating a mortality fluctuation reserve, adding the mortality fluctuation reserve to the account, and investing the reserve; and calculating a mortality experience credit upon satisfying certain criteria. Associated data processing methods and systems are also described. | 04-15-2010 |
| 20100100398 | SOCIAL NETWORK INTERFACE - A system and method for providing online insurance quotes to a client on a social network web site includes an insurance server adapted to execute a coverage calculator application and an insurance database in communication with the insurance server for storing a plurality of personas, a plurality of insurance coverage options associated with each persona, and a price quote associated with each insurance coverage option. The system is in communication with a platform application on the social network web site. The platform application is in communication with a social network database for storing user content of the social network client. In one embodiment, the platform application uses an inference engine to query the user content of the social network client and return a set of inferred characteristics. The coverage calculator application selects a persona in response to the set of inferred characteristics and selects one of the insurance coverage options in response to the selected persona. | 04-22-2010 |
| 20100100399 | SYSTEM AND METHOD FOR ADMINISTERING INSURANCE ACCOUNTS - A computer system for administering an insurance account includes a processor and a memory in communication with the processor. The processor is adapted to: access from a memory storage device data indicative of a payment mode associated with premium payments to the account or payments from the account; access from the memory data indicative of a calculation associated with the account dependent on the payment mode; perform the calculation based on the accessed payment mode dependent data; and provide an output signal having data indicative of the performed calculation. | 04-22-2010 |
| 20100100400 | FINANCIAL SYSTEMS AND METHODS FOR PROVIDING LOANS TO INDIVIDUALS IN RESPONSE TO THE OCCURRENCE OF A QUALIFYING EVENT - Computer systems that, in various embodiments, are configured for: (A) storing policy information within the system's memory, the policy information indicating that a particular individual holds a policy that provides the individual with the option to, upon the occurrence of a qualifying event, receive a loan at a below-market rate (e.g., 0%); (B) receiving data indicating that the qualifying event has occurred; and (C) at least partially in response to receiving the data indicating that the qualifying event has occurred, facilitating the provision of the loan to the particular individual at the below-market rate. The qualifying event may be, for example: (A) the death of a specified individual (e.g., the policy holder); (B) the disability of the specified individual; (C) the involuntary unemployment of the specified individual; (D) the birth of the specified individual's child; or (E) the adoption of a child by the specified individual. | 04-22-2010 |
| 20100106532 | SYSTEMS AND METHODS FOR PROVIDING A DEFERRED ANNUITY WITH A TARGET DATE RETIREMENT BENEFIT - Systems and methods for guaranteeing a Target Value of an account on any given Target Value Date. The investment profile of the account may be automatically adjusted to be more or less conservative based on the evolution of the contract with respect to its accumulation value and guarantee. Within broadly defined groups of allocation choices the owner has complete freedom to distribute the account value to individual choices within those groups. The risk profile of the investments may be contracted to change as the Target Value Date approaches. | 04-29-2010 |
| 20100106533 | Methods and Systems for Risk Management - Methods and systems for managing risk are described in which information related to one or more aspects of risk are received from a plurality of users, which is stored in a database system. Various insurance business process applications corresponding to the one or more aspects of risk can Abe run to process the information, and graphical interfaces for providing risk management information to the users can be populated, and various tasks or reminders based on the processed information generated for user review. | 04-29-2010 |
| 20100114612 | Systems and methods for providing supplemental insurance for leased vehicles - Methods of the present invention are designed to offer insurance to lessees of vehicles to cover up front, out-of-pocket lease expenses in the event of a total loss, e.g., theft, and preferably include steps performed by a vehicle leasing dealer as well as steps performed by one or more participating insurers. The steps are preferably performed with the aid of computing devices which are in communication. When the lease is prepared, the relevant information about the lease and the lessee is submitted by the lease dealer to the participating insurers. The insurers determine the cost of supplemental insurance based on this information and, if the cost is acceptable, offer insurance coverage to the lessee. | 05-06-2010 |
| 20100121659 | Independent Annuity Placement System and Method - A system and method for facilitating annuity transactions between annuity purchasers and providers via an annuities placement program accessible to the purchasers and providers. Purchasers enter quote solicitation information used by the annuity providers to establish a quote for an annuity Annuity providers enter a quote in response to the quote solicitation information, and the quote is provided to the purchaser via the annuities placement program. The quote is customized to the annuity purchaser's quote solicitation information. | 05-13-2010 |
| 20100125464 | System and Method for Entering a List of Insured Items for Valuation - The present invention is directed to a system and method for allowing an insured party to directly enter a list of insured items for valuation in connection with an insurance claim. The system includes an application server operating valuation software and an associated web site to allow an insured party to directly enter a list of damaged items in connection with an insurance claim, with the list of items stored in a database for valuation by an insurance carrier or claims administrator. An associated method allows the insured party to directly enter their list of damaged items to a database so that the item list may be retrieved and valuation information added by an insurance carrier or claims administrator. | 05-20-2010 |
| 20100125465 | Independent Annuity Placement System and Method - A system and method for facilitating annuity transactions between annuity purchasers and providers via an annuities placement program accessible to the purchasers and providers. Purchasers enter quote solicitation information used by the annuity providers to establish a quote for an annuity Annuity providers enter a quote in response to the quote solicitation information, and the quote is provided to the purchaser via the annuities placement program. The quote is customized to the annuity purchaser's quote solicitation information. Multiple quotes from multiple providers may be presented to the purchaser for ease of quote comparison. To facilitate such transactions, a discretionary group is established to be a contract holder for each participating annuity provider. A master group contract is established for each of the participating providers, each of which is written by a respective one of the participating annuity providers to the discretionary group to allow the discretionary group to be the contract holder for annuities purchased by the annuity purchasers. In response to an annuity purchase, a certificate of participation is issued to the purchaser from the provider under the terms of the master group contract of that annuity provider, which reflects annuity terms customized to the annuity purchaser. | 05-20-2010 |
| 20100125466 | SYSTEM AND METHOD OF DISPENSING INSURANCE THROUGH A COMPUTER NETWORK - Systems and methods for facilitating the dispensing of insurance and of an insurance company selling insurance policies are provided, which may be network or Internet based, and may be managed through a general agent. Policy information from insurance companies may be received or stored. Data may be received from customers and insurance rates or quotes provided, which may be from competing companies. An instruction to purchase and payment may be received and proof of coverage, such as printing a document, may be facilitated. Data may be input directly by a customer or by an agent on behalf of the customer. The policy information, customer data, and premiums may be provided to the insurance companies. Insurance agents may advertise, and may refer customers from their own websites in exchange for commissions. The insurance offered for sale may be, automobile or specialty insurance, and may provide coverage in another country. | 05-20-2010 |
| 20100131300 | VISIBLE INSURANCE - Real-time insurance rates can be generated and presented to a driver—as the rate changes, the change can be shown through an interface. Different factors can be evaluated and based upon a result of the evaluation, the rate can be determined. The determination can be performed locally at a vehicle as well as by an insurance company. A bidding process can be used where different insurance companies supply rates and a user or automated process selects the rate for use - the selected rate is conveyed upon the interface. | 05-27-2010 |
| 20100131301 | INSURANCE VERTICAL MARKET SPECIALIZATION - Vertical insurance market specialization is provided where policies can be created based on granular information related to actual usage of an object. The information can be received in real time or near real time, and specific market definitions can be created based on the information. Insurance companies can bid on specific market definitions, and an owner of the object can select coverage. In cases of automobile insurance, route information or other sensed parameters (such as driving behavior) can be provided to define an insurance market for a specific driver. Allowing companies to bid on the specific instances allows for increased competition and lower cost than current blanket solutions. | 05-27-2010 |
| 20100131302 | INSURANCE VERTICAL MARKET SPECIALIZATION - Vertical insurance market specialization is provided where policies can be created based on granular information related to actual usage of an object. The information can be received in real time or near real time, and specific market definitions can be created based on the information. Insurance companies can bid on specific market definitions, and an owner of the object can select coverage. In cases of automobile insurance, route information or other sensed parameters (such as driving behavior) can be provided to define an insurance market for a specific driver. Allowing companies to bid on the specific instances allows for increased competition and lower cost than current blanket solutions. | 05-27-2010 |
| 20100131303 | DYNAMIC INSURANCE RATES - Systems and methods that customize insurance rates in real time to correspond to unique behavior/character traits of a user/driver. A rate adjustment component can interact with insurance companies that provide bids based on the contextual data—wherein, insurance costs can be dynamically adjusted, and the user/driver switched in real-time between such insurance companies (e.g., based on bids), to ensure obtaining optimum rates. A switching component can switch user/driver) to an insurance company that bids the best rate. Hence, during a trip the user/driver can actually be insured by various suppliers during different segments of such trip. | 05-27-2010 |
| 20100131304 | REAL TIME INSURANCE GENERATION - An on-board monitoring system in conjunction with a mobile device can be employed to gather real-time information regarding how a vehicle is being operated by the owner of the mobile device. The mobile device has information stored thereon that allows the user to be identified by the on-board monitoring system. The real-time information is forwarded to a remote insurance provider system that, based upon the gathered real-time information, determines an insurance rate. The determined insurance rate can be transmitted to the owner allowing them to see how their driving style is affecting their insurance rate and can adjust their driving style accordingly. | 05-27-2010 |
| 20100131305 | INSURANCE VISIBILITY - Dynamic insurance rate adjustments are communicated to a vehicle operator in order to allow the vehicle operator to adjust various parameters before an actual change to an insurance rate is communicated to a service provider or trusted third party. The various parameters can be external parameters and/or internal parameters and further can include historical information, current information, and/or predicted information. Communicating the insurance rate adjustments provides for insurance visibility for both the operator and passengers of the vehicle. The insurance rate adjustment is communicated though a device located within a vehicle to enable perception by a vehicle occupant. | 05-27-2010 |
| 20100131306 | SYSTEM AND METHOD FOR CALCULATING AND PROVIDING A PREDETERMINED PAYMENT OBLIGATION - A system and method is provided for calculating and generating a predetermined payment obligation. A hypothetical portfolio of securities is selected having an initial value. A financial instrument is issued that references the hypothetical portfolio, the financial instrument having a fixed term. A guaranteed minimum withdrawal benefit is deducted from a net asset value of the hypothetical portfolio on a periodic basis for the fixed term. The net asset value of the hypothetical portfolio is determined to be zero if the net asset value of the hypothetical portfolio falls below a predetermined amount of funds. An adjustment in the number of securities in the hypothetical portfolio is calculated with a computer on a periodic basis according to an algorithm, the algorithm taking into account at least one of a prevailing market value of the securities in the hypothetical portfolio and a net present value of an obligation to deduct the predetermined amount of funds until the end of the fixed term. At the end of the fixed term, the net asset value of the hypothetical portfolio is paid. | 05-27-2010 |
| 20100131307 | MONETIZATION OF PERFORMANCE INFORMATION OF AN INSURED VEHICLE - System(s) and methods(s) to monetize knowledge of operation characteristics of an insured entity are provided. A provider of insurance benefit(s) supplies knowledge of operation characteristics of an insured entity in exchange for a financial compensation. The knowledge is cumulative and collected from the insured entity and environment in which the entity operates. Financial compensation also can be received through commercialization of resources to expose an agent linked to the insured entity to advertisement in addition to delivery of the knowledge of operation characteristics of the insured entity. The provider of insurance benefit(s) can exploit the financial compensation to afford, at least in part, incentives directed to discounted insurance benefit(s) or subsidized service(s). | 05-27-2010 |
| 20100131308 | INCENTIVIZED ADOPTION OF TIME-DEPENDENT INSURANCE BENEFITS - System(s) and method(s) to incentivize adoption of time-dependent customized insurance benefit(s) are provided. A provider of insurance benefit(s) incentivizes adoption of the insurance benefit(s) in exchange for knowledge of operation characteristics of an insured entity. Knowledge is cumulative and collected from the insured entity and environment in which the entity operates. Incentivation is accomplished at least in part through generation of incentive offer(s) based on available knowledge, which is associated with an operator of the insured entity rather than with the entity itself. The operator can regulate the scope of exchanged knowledge, and received incentive offer(s) and related content. Incentive offer(s) can be directed to provision of insurance benefit coverage that is adequate to current or nearly current operation condition(s); discounted real-time or nearly real-time insurance benefits; or subsidized service(s). Offered incentives can be afforded at least in part through monetization of available knowledge via commercialization thereof or targeted advertisement. | 05-27-2010 |
| 20100131309 | Bioinformatic Transaction Scheme - Secure network transaction system obtains user-authorized genetic term or bioinformatic profile, and transacts online service according to genetically-based user medical or other risk determined therefrom. Insurance policy, promotional offer, or other service may dynamically address genetically-based condition. Bioinformatic data classifies user per personal mask which filters subset of user genetic sequence. Risk profile may be calculated according to actuarial statistics, genetics and/or heredity using non-discriminatory rules specified for users in temporal or jurisdictional groups. User transactions are modifiable according to bioinformatic data representing genetically-based risk increase or decrease. Data is securely processed, modulated, and stored by network server for remote access and transaction using various portable user devices. | 05-27-2010 |
| 20100138242 | Electronic Vehicle Repair Management (eVRM) - Automated processing of damage data related to a damaged vehicle is described. Damaged vehicle data including vehicle location data is received at a vehicle repair processor (VRP) from a user mobile device (UMD), either at the time of an accident or when a vehicle is disabled. The vehicle data may be augmented by data directly from the damaged vehicle by telematics processing. A repair decision is generated by the VRP based on the damage data which reflects whether or not to treat the damaged vehicle as likely to be commercially repairable. From the repair decision, a vehicle destination is determined by the VRP for delivery of the damaged vehicle, and the vehicle destination is communicated to the UMD. | 06-03-2010 |
| 20100138243 | SYSTEMS AND METHODS FOR FACILITATING HEALTHCARE COST REMITTANCE, ADJUDICATION, AND REIMBURSEMENT PROCESSES - A claim processing system, claim processors, and a settlement agency are disclosed for assisting in paying one or more providers. The agency can also provide the providers with an updated claim processing status through updates received from the claim processors. An advantage of this system is that by providing the providers with a common portal or interface in which they find the claim status information; the payers may experience lower call volume, less disputed claims, and frustrated providers. | 06-03-2010 |
| 20100138244 | RECORDING AND REPORTING OF DRIVING CHARACTERISTICS WITH PRIVACY PROTECTION - In a vehicle usage monitoring system, the privacy of the user is protected by performing some coding prior to sending the information from the user. Specific details of the user's driving history are converted to generalized codes that relate to insurance rates. Optionally, different types of vehicle information may be combined into generating the codes to be sent from the user in order to provide even more privacy. The codes may be used to calculate a vehicle insurance rate. | 06-03-2010 |
| 20100138245 | METHOD AND SYSTEM FOR PROVIDING A FIXED RATE ANNUITY WITH A LOCK-IN INTEREST RATE FEATURE - A data processing method and system administers a deferred annuity product during the accumulation phase of a contract term. The annuity product permits the client to select both an interest rate which is reset periodically (reset rate) and an interest rate which is guaranteed for multiple years (MYG rate), during the same contract term. The client may elect to automatically switch from the reset rate to the MYG rate, for the remainder of the contract term, when the reset rate falls below the MYG rate. | 06-03-2010 |
| 20100145734 | Automated claims processing system - A computer system-based automated loss verification system for evaluating the validity of claims filed under an insurance policy or debt protection contract is provided by this invention. Instead of requiring the claimant to contact the insurance company or lender to file the claim and provide exhaustive documentary proof of the validity of the claimed loss, the system pre-scores the relative risk of the claim using a risk assessment tool based upon predictive modeling and a number of potential risk factors. The associated automated loss verification tool uses this risk score and other information connected with the claim to assign a relative confidence level of proof of valid loss that must be satisfied before the claim can be approved through the adjudication process, and assigns a third-party supplied source or combination of sources of proof that can be automatically accessed by the system to validate the claim. | 06-10-2010 |
| 20100145735 | System for apparaising life insurance and annuities - A method and system of appraising a life insurance or annuity product includes receiving a request for a life insurance or annuity product and information about a party requesting the life insurance or annuity product; preparing a bid solicitation for the life insurance or annuity product based on the request and information and transmitting the bid solicitation to a plurality of product carriers; a plurality of product carriers submitting initial proposals for providing the life insurance or annuity product; generating ratings for the initial proposals, respectively; and generating appraisals for the initial proposals; and informing the product carriers of the decision. | 06-10-2010 |
| 20100145736 | HEALTHCARE INCENTIVE SYSTEM AND METHOD - A method for rewarding providers who are parts of virtual teams may permit a payer to establish practice goals, clinical goals, cost containment goals, or other goals by rewarding outcomes deemed to be beneficial by the payer, providers, or both. Providers may participate in one or more member management objects, which may be software that define provider and patient goals and a set of rewards for achieving the provider and patient goals. Subscribing to a member management object may reward providers with bonus payments when a provider goal is met, which may be met by achieving patient goals. The patient goals may be defined in the member management object, and may relate to medical practices, including procedures performed, procedures not performed, clinical results, lab and other test results, diagnoses, referrals, and cost objectives. By subscribing to member management objects, providers may become parts of virtual teams of providers, each virtual team rendering services for one patient. Provider team members may be able to view the other virtual team members, the past services rendered by the other virtual team members, and the results of the services provided by the other virtual team members. | 06-10-2010 |
| 20100145737 | Transaction security apparatus and method - An apparatus, including an input device or receiver for inputting or receiving transaction information regarding a transaction on an account involving an individual, a camera for obtaining a photograph of the individual, wherein the apparatus stores the photograph as a digital photograph file, wherein the camera is located a same location as the input device or receiver or at a location remote therefrom, a processing device for processing the transaction information, wherein the processing device processes information regarding the transaction and generates a message containing information regarding the transaction and the digital photograph file, and a transmitter which transmits the message to a communication device associated with an individual account holder, wherein the message is transmitted to the communication device via, on, or over, the Internet, the World Wide Web, or a wireless communication network, independently of any processing of the transaction by a transaction authorization processing computer. | 06-10-2010 |
| 20100145738 | INSURANCE CLAIM PAYMENT CARD SYSTEM - A system for the adjudication of insurance claims, such as automobile repair claims, by an insurance provider is provided. A claim submitted by a policyholder is received is received by the insurance provider. The claim is assigned to an insurance adjuster. The insurance provider receives a determination of a dollar value of the claim from the adjuster, and uses this information to determine how much money to disburse to the policyholder. The insurance provider then issues an account funded with the dollar value of the claim to the policyholder, accessible by the policyholder through a card. As the card is used, the insurance provider collects purchase information, such as information relating to the date, place, and amount of each purchase made on the account. The insurance provider may then collate the purchase information in a database and analyze the data for mathematically significant trends and relationships. | 06-10-2010 |
| 20100153137 | MULTIDIMENSIONAL INSURANCE QUOTING SYSTEM AND METHOD - A system, method and computer program product for providing insurance rate quotes comprises a quotation module executable by a processor, the quotation module configured to receive a set of parameter values from a user. The quotation module is also configured to transmit the set of parameter values to least one insurance provider and obtain a rate quote based on the set of parameter values. The quotation module is further configured to vary, transparently to the user, at least one value of the set of parameter values and obtain at least one additional rate quote from the insurance provider based on the varied set of parameter values. | 06-17-2010 |
| 20100153138 | Offer in compromise method and system - A tax resolution system and method are disclosed for identifying and implementing solutions to tax delinquency problems. A taxpayer who is delinquent is guided to provide pertinent data and make adjustments to be analyzed to formulate an offer in compromise to resolve tax delinquency problems or plan a future tax strategy. | 06-17-2010 |
| 20100153139 | SYSTEMS AND METHODS FOR ELECTRONICALLY REPORTING FINANCIAL INFORMATION AND NOTIFICATIONS - Systems and methods for reporting information to financial institutions and insurance carriers are disclosed. A reporting system can be a loss payee notification system comprising a communication device, a computer processor, a status update unit, and a bill management unit. The communication device can enable the reporting system to communicate with financial institutions and insurance carriers. The computer processor can provide various functions, including reconciling data received from the financial institutions and insurance carriers with data stored in a database. The status update unit can update the financial institutions of changed insurance information related to properties financed by the financial institutions and can also update the insurance carriers of changed loan information related to properties insured by the insurance carriers. The bill management unit can manage escrow bills to escrow accounts kept by the financial institutions. Other embodiments of the reporting system are also disclosed. | 06-17-2010 |
| 20100153140 | SYSTEM FOR REDUCING THE RISK ASSOCIATED WITH AN INSURED BUILDING STRUCTURE THROUGH THE INCORPORATION OF SELECTED TECHNOLOGIES - A method and computerized system is disclosed for managing the underwriting, quoting and binding an insurance policy with regard to the technology used to militate against the financial consequences of property losses. The invention utilizes a classifier for categorizing and weighing risk, composed of data representing in an identified building, a first unmitigated insurance risk and a second insurance risk, based upon the use of certain technology. A plurality of such weights are summed such that the weights generate a minimized risk for a building structure under consideration. combinations of technologies, employed in existing building structures to a classification, which then permits an underwriter to establish a premium. In another aspect of the invention data structures representing the quantification of risk reduction attendant a given technology or product are chained into a plurality of decision trees that process a construction phase and a pruning phase. | 06-17-2010 |
| 20100153141 | Financial Instrument Utilizing an Optional Benefit Election - According to one embodiment of the invention, a financial instrument includes an account with an account balance that changes over time, wherein at least part of the account balance may be discretionarily withdrawn and wherein the initial account balance is based upon an initial deposit; a guarantee that a beneficiary may periodically receive a transfer of an amount of money for the life of a first designated party, wherein the transfer may be due to withdrawal from the account or due to benefit payments made to the beneficiary, provided that the amount may vary based upon withdrawals from the account in excess of a particular limit; and an option to modify the guarantee such that upon election the beneficiary may periodically receive the transfer of the amount of money for the longer of the life of the first designated party and the life of a second designated party. | 06-17-2010 |
| 20100161357 | METHOD AND APPARATUS FOR INCREASING LIQUID ASSETS AVAILABLE TO AT LEAST PARTIALLY FUND LIVING EXPENSES AT AN ASSISTED LIVING FACILITY - A liquid asset enhancement system includes computing apparatus operated on behalf of an underwriter and a purchase coordinator. The underwriter's apparatus receives an individual's personal, medical history, and life insurance policy information via a communication network. The underwriter's apparatus determines (i) a mortality rating based at least on the individual's medical history, (ii) a life expectancy from a mortality table based on the mortality rating and the individual's personal information, and (iii) a proposed sale value for the policy based at least on the life expectancy and the policy information. If the individual elects to sell the policy, the underwriter's apparatus communicates at least the policy information, the individual's medical history, and the proposed sale value to the purchase coordinator's apparatus via a communication network for sale completion and delivery of proceeds therefrom to a party bound to use the proceeds to pay the insured's assisted living expenses. | 06-24-2010 |
| 20100169125 | INSURANCE POLICY MANAGEMENT IN A VIRTUAL UNIVERSE - An invention that manages insurance policies in a virtual universe is provided. In one embodiment, there is an insurance management tool including a rating component configured to assign a rating to an avatar based on a past behavior of the avatar. The insurance management tool further includes an insurance component configured to enable the use of an insurance policy to manage a behavior of the avatar in the virtual universe based on the rating of the avatar. | 07-01-2010 |
| 20100169126 | Systems and methods for determining optimal pricing ans risk contol monitoring of auctioned assets including the automatic computation of bid prices for credit default swaps and the like - Embodiments of the invention provide an innovative, fully-automated system that facilitates the buying and selling of debt-based derivatives and other assets. The techniques described herein eliminate opaqueness, inefficiencies, and lack of risk monitoring and provide an end-to-end, highly efficient reverse-auction platform that considers many aspects of risk control and other parameters. This is accomplished while computing a true CDS price by incorporating reference entity, primary and secondary insurance company default risks. Furthermore, the reference entity pricing model decouples the borrower from the entity issuing the debt and eliminates rating inflation due to digital discontinuity. | 07-01-2010 |
| 20100169127 | System and method for managing intellectual property-based risks - Presented herein are methods and systems for managing an entity's risks of patent coverage. More specifically, the present invention is directed to methods and system for insuring an entity against damage awards in patent litigation. The presented methods and systems allow a manufacturer to minimize their exposure to damage awards in patent litigation by conducting pre-emptive analyses and properly allocating funds for royalty payments and/or damage awards. An insurance captive is also established as a risk management tool to insure the manufacturer against excessive damage awards. | 07-01-2010 |
| 20100169128 | METHODS OF OFFERING AND PROVIDING A VARIABLE LIFE INSURANCE PRODUCT - A variable universal life insurance product that includes a death benefit and associated investment vehicles is selectively offered. A life insurance policy chassis is provided by an insurance company to an asset manager. The asset manager combines the life insurance policy chassis with one or more associated investment vehicles managed by the asset manager to form a variable universal life insurance product. The asset manager selectively makes the insurance product available to respective clients of the asset manager. The insurance company providing service for the death benefit and the asset manager providing service for the associated investment vehicles. | 07-01-2010 |
| 20100169129 | SYSTEM FOR FUNDING, ANALYZING AND MANAGING LIFE INSURANCE POLICIES FUNDED WITH ANNUITIES - The invention relates to a program that administers a method of funding life insurance policies using annuities that are purchased at least in part using borrowed money, using business and trust structures to reduce and/or eliminate tax. This investing can be done either directly by the policy or through the trust and/or other business entity. As an internal investment of the insurance policy the income generated by the annuity and the inside build-up are non-income taxable to the owner of the policy. The resulting death benefits will also be non-income taxable to the beneficiary. | 07-01-2010 |
| 20100174563 | System and Method for Purchasing Insurance - The present invention is a system, device, and method of purchasing insurance from a remote location. | 07-08-2010 |
| 20100174564 | METHOD AND SYSTEM FOR CONNECTING AN INSURED TO AN INSURER USING A MOBILE DEVICE - A system and method for connecting an insured to an insurer using a mobile device in order to provide insurance services. The mobile device, which is associated with the insured, includes a mobile insurance module that is in communication with a server insurance module of a server, which is associated with the insurer. Together, the mobile insurance module and the server insurance module establish a communication channel with the insurer over which insurance services (e.g., requesting a quote, buying a policy, filing a claim and reviewing account information) are provided. The communication channel leverages the technological capabilities of the mobile device, such as a smart phone, to deliver data in a fast, efficient and integrated manner having robust functionalities. | 07-08-2010 |
| 20100174565 | METHOD AND SYSTEM FOR PROVIDING MINIMUM CONTRACT VALUES IN AN ANNUITY WITH LIFETIME BENEFIT PAYMENTS - A data processing method administers a deferred annuity product during the accumulation phase for a relevant life. The annuity product has a contract value, a guarantee of lifetime benefit payments and a minimum contract value. Administration of the product determines a minimum contract value, while paying a lifetime benefit payment and a guaranteed death benefit. The lifetime benefit payment does not reduce the contract value below the minimum contract value. If necessary, the lifetime benefit payment is funded by the general account assets of the company that issues the annuity product. | 07-08-2010 |
| 20100174566 | SYSTEMS AND METHODS FOR ANALYZING SENSOR DATA - The invention herein generally pertains to underwriting an insurance policy utilizing sensors to detect, determine, measure and assess one or more conditions, states of affairs, physical properties and process as each relates an insurable property interest. More specifically is disclosed a method and computerized system for managing the underwriting, quoting and binding an insurance policy with regard to the technology used to militate against the financial consequences of certain property losses. The significance of operable safety related devices or system loads are important diagnostic safety markers for measuring one or more properties affecting the safety or risk aversion and for underwriting an insurable interest. This invention also relates to a system and a method for acquiring and assessing the qualities, variables and parameters that affect the underwriting premium for a building structure (commercial or residential), vehicle, aircraft, marine craft or cargo. | 07-08-2010 |
| 20100179837 | METHODS AND SYSTEMS FOR REPLACING INSURED ITEMS - A method for replacing insured items using a web-based system including a server and at least one device connected to the server via a network is provided. The method includes receiving at the server specification information about an insured item to be replaced. The specification information includes at least one feature of the insured item. The method further includes comparing the received item specification information with potential replacement product information pre-stored within at least one of the server and a database to identify at least one comparable item that is comparable to the insured item and compiling a list of the at least one comparable item. The list includes specification information related to the at least one comparable item. The method also includes displaying the compiled list to at least an insured, selecting the at least one comparable item for comparison with the insured item, and displaying a comparison between at least one feature of the at least one comparable item and at least one feature of the insured item. | 07-15-2010 |
| 20100179838 | HEALTHCARE SERVICE PROVIDER INSURANCE CLAIM FRAUD AND ERROR DETECTION USING CO-OCCURRENCE - Data characterizing one or more healthcare insurance claims is received. Each claim comprises variables characterizing aspects of a healthcare service for which reimbursement is sought. The healthcare services being initiated by a single healthcare service provider for a single patient. Thereafter, score variables from the variables of the healthcare insurance claims are generated. Based on these score variables, it is determined whether a presence of one or more of the variables in more than one of the healthcare insurance claims is indicative of fraud or error based on levels of co-occurrence of the one or more pairs of variables in historical healthcare insurance claims being initiated by a single healthcare service provider. Subsequently, notification that the one or more of the healthcare insurance claims are indicative of fraud based on a positive determination is initiated (to allow, for example, a user to manually review the healthcare insurance claims, etc.). Related techniques, apparatus, systems, and articles are also described. | 07-15-2010 |
| 20100179839 | SYSTEM AND METHOD FOR PROVIDING AN INSURANCE PRODUCT THAT REIMBURSES A POLICY HOLDER FOR THE COST OF HEALTH INSURANCE ADMINISTERED UNDER COBRA - A system and method for generating and administering an insurance product e.g., an insurance policy and/or rider, via. a computer system, that reimburses a policy holder for the cost of health insurance administered under COBRA, by providing benefits that reimburse a policy holder for all or a portion of a policy holder's COBRA insurance premiums for a period of time. The policy holder may receive health benefits under their original group plan at his or her original employer-sponsored, group health plan rate, and have a portion of the cost reimbursed through the insurance product, or the policy holder may elect to receive individual/family health insurance coverage, where the policy holder is instead reimbursed for all or a portion of the premiums for that coverage for a period of time by the insurance product. | 07-15-2010 |
| 20100179840 | WORKERS COMPENSATION SYSTEM FOR DETERMINING A COST OF INSURANCE BASED ON REAL-TIME PAYROLL DATA - A system/method implemented at an insurance company estimates a final premium charge and more accurate real time estimate during the lifetime of the policy for workers compensation insurance associated with a risk based on: receiving real-time payroll data associated with the risk; monitoring the received real-time payroll data to identify and record raw data elements that have an identified relationship with any of, or a combination of, the following: the risk's business operation, insurability of the risk, character of the risk, or rating parameters associated with the risk's policy; and determining the final premium charge of workers compensation insurance for the risk based on a premium modification that increases or decreases a premium charge based on an evaluation of the recorded raw data elements. | 07-15-2010 |
| 20100179841 | SYSTEM AND METHOD FOR DETERMINING A COST OF INSURANCE BASED UPON MONITORING, COLLECTING AND COMMUNICATING DATA REPRESENTATIVE OF A RISK'S PAYROLL CHARACTERISTICS - A system/method of determining a cost of workers compensation insurance for a selected period based upon monitoring, collecting and communicating data representative of a risk's payroll characteristics during said selected period, wherein the cost is adjustable by relating the payroll characteristics to predetermined actuarial rates. The system/method: determines an initial profile and a base cost of workers compensation insurance, monitors data elements representative of payroll and business status of a risk during the selected period; identifies and analyzes data elements that have a pre-identified relationship to the risk's insurability; consolidates the analyzed data elements for identifying a surcharge or discount to be applied to the base cost; and produces a final cost of workers compensation insurance for the selected period from the base cost. | 07-15-2010 |
| 20100179842 | WORKERS COMPENSATION SYSTEM FOR DETERMINING A COST OF INSURANCE BASED ON COLLECTING SELECTED DATA HAVING A PRE-SELECTED RELATIONSHIP TO A RISK'S BUSINESS OPERATIONS - A system is disclosed for determining a cost of workers compensation insurance for a selected time period based upon monitoring, collecting and communicating data representative of the risk's business characteristics, whereby the cost is adjustable by relating the business characteristics to predetermined standards. The system predetermines a risk profile and a base cost of workers compensation insurance based on said risk profile, monitors a plurality of data elements representative of an operating state of the risk or a payroll modification during the selected time period, collects selected data elements out of the plurality of data elements when said ones are determined to have a pre-selected relationship to the risk's business operations, consolidates the selected ones for identifying a surcharge or discount to be applied to the base cost, and produces a final cost for the selected time period from the base cost and the surcharge or discount. | 07-15-2010 |
| 20100185466 | SYSTEMS AND METHODS FOR TRACKING HEALTH-RELATED SPENDING FOR VALIDATION OF DISABILITY BENEFITS CLAIMS - A method for tracking health-related spending for validation of disability benefits claims includes receiving, by a Medicare Secondary Payer statute-compliance company, from an authorization server, an identification of an approved transaction initiated by a recipient of insurance settlement funds to acquire at least one of a healthcare-related service and a healthcare-related good by a provider, the recipient authorized to receive the at least one of the healthcare-related service and the healthcare-related good from the provider. The method includes tracking, by the Medicare Secondary Payer statute-compliance company, healthcare-related expenditures by the recipient. The method includes generating, by the Medicare Secondary Payer statute-compliance company, a statement of approved transactions. The method includes transmitting, by the Medicare Secondary Payer statute-compliance company, to a disability benefit provider, the statement of approved transactions. | 07-22-2010 |
| 20100185467 | Computer Implemented Method and Apparatus for Establishing and Executing a Dynamic Equity Instrument - Equity returns, expenses, and risk in a real estate asset are shared dynamically between an investor and an owner of rights. In one of several computing system based embodiments, holding the real estate asset is considered to be a joint venture, contributions by the owner and the investor to the joint venture are calculated periodically, and residual accounts or payments are adjusted to balance out the venture. Some of the residual accounts may exist outside of the conventional capital structure consisting of various debt and equity interests associated with the asset. | 07-22-2010 |
| 20100185468 | SYSTEM AND METHOD FOR PROVIDING GUARANTEED INCOME - The present invention is directed towards a computerized method comprising receiving one or more contributions for an annuity from a qualified plan. At a first time, the method computes a first benefit base of the annuity based at least in part on the one or more contributions and determines a first guaranteed withdrawal amount as a function of the computed first benefit base. At a second time, the method computes a second income base based at least in part the one or more contributions and any amounts withdrawn from the annuity and determines a second guaranteed withdrawal amount as a function of the computed second benefit base. | 07-22-2010 |
| 20100185469 | Insurance Policy Renewal Chain - A system and method for the automatic linking of expired, current, and future insurance policies is provided. Within each insurance policy is a plurality of conditions frequently used in the determination of an insurance policy premium or rate quote. Such terms are calculated based upon information either associated with or obtained from a particular policyholder. By automatically linking policy information and policy terms from prior insurance policies, information previously submitted by a policyholder or calculated in regards to activity on a particular policy is used in automatic calculation and generation of a future policy term. Thus, straight-thru processing is achieved via organizing of prior policies for assistance in renewals, loss ratio calculations, shifts in payroll numbers (i.e., the number of employees insured under a single policy), and previous claim activity under the same type of policy. | 07-22-2010 |
| 20100191547 | SYSTEM OF OBTAINING AND MANIPULATING INSURANCE COMPANY IDENTITIES THROUGH PHYSICIAN PROVIDED NETWORK DATABASE - A method and system for enrolling a user in at least one health insurance plan based on at least one doctor selected by the user. The user enters applicable information to search for at least one doctor. A search for the doctor(s) is performed in a doctor database of at least one insurance carrier accepted by the doctor(s). A search result of the doctor(s) is displayed and the user selects the doctor(s) from the search result. The user then selects at least one insurance carrier accepted by the doctor(s) and enters a plurality of details to generate at least one rate quote for a health insurance plan. The user compares and selects the desired plan on the basis of a plurality of benefits. The user then completes and submits the health insurance plan. Customizing and updating options are available on the website through which the method and system is executed. | 07-29-2010 |
| 20100191548 | Computer Method and System for Administering Investment Account - A computerized method for administering an investment account having an income or withdrawal guarantee and long term care guarantee includes the steps of establishing an investment account having an account balance, allocating a first portion of the account balance to fund a periodic long term care benefit having a long term care benefit guarantee, allocating a second portion of the account to fund a periodic income or withdrawal benefit having an income or withdrawal benefit guarantee, determining an amount of a periodic long term care benefit available for payment of a long term care benefit claims under the long term care benefit guarantee, and determining an amount of a periodic income or withdrawal benefit available for distribution under the income or withdrawal benefit guarantee. The long term care benefit guarantee may include an acceleration of benefits guarantee and an extension of benefits guarantee. A computer system which includes a processor and a program for causing the processor to perform certain steps is also disclosed. | 07-29-2010 |
| 20100198624 | METHOD AND APPARATUS FOR PROVIDING COVERAGE FOR TRANSMISSION OF DATA - The present invention provides systems and methods which afford a technical application for insuring, bonding, and underwriting a transmission of a data set, streaming data, and/or document over the Internet through TCP/IP and all other electronic media such as WAP, VOIP, fiber optic channels, microwave channels, and through standard electrical switches, electrical outlets and power lines. The present invention includes a computer-readable medium having computer-executable instructions to cause a system perform a method for insuring, bonding, and/or underwriting data transmission. The method includes enabling a first remote client coupled to a communications network to insure, bond, and/or underwrite a transmission of an electronic data set, streaming data, and/or document, with a selected coverage type for a selected coverage amount, from the first remote client to one or more second remote clients. The method includes charging a fee to an appropriate account for the selected coverage type and amount. | 08-05-2010 |
| 20100205012 | System and method for providing a user interface for vehicle mentoring system users and insurers - System and method for communicating between an insurer and insured. The system detects operating characteristics of a driver or vehicle, and a cost of insuring the driver or vehicle, as decided by the insurer in consideration of the detected operating characteristics. The system provides an interface system for communicating the operating characteristics and the cost of insuring the driver or vehicle between the insurer and the insured. The system provides a vehicle monitoring system for monitoring the operating characteristics and for providing mentoring feedback to a driver, and a storage system for storing the operating characteristics. The system includes a processing system for deciding the cost of insuring the driver or vehicle based upon the monitored operating characteristics. | 08-12-2010 |
| 20100205013 | COMPONENT BASED INTERFACE TO HANDLE TASKS DURING CLAIM PROCESSING - A computer program is provided for developing component based software capable of handling insurance-related tasks. The program includes a data component that stores, retrieves and manipulates data utilizing a plurality of functions. Also provided is a client component that includes an adapter component that transmits and receives data to/from the data component. The client component also includes a business component that serves as a data cache and includes logic for manipulating the data. A controller component is also included which is adapted to handle events generated by a user utilizing the business component to cache data and the adapter component to ultimately persist data to a data repository. In use, the client component is suitable for receiving a plurality of tasks that achieve an insurance-related goal upon completion, allowing users to add new tasks that achieve the goal upon completion, allowing the users to edit the tasks, and generating a historical record of the tasks that are completed. | 08-12-2010 |
| 20100205014 | METHOD AND SYSTEM FOR PROVIDING RESPONSE SERVICES - Pertaining to information security services, embodiments consistent with the present invention comprise an outsourced bundle of services for the purpose of responding to a compromise of information asset(s). Many of these services and processes have never before been combined into one integrated bundle, and these novel combinations represent an improvement in efficiency and comprehensiveness over the state of the art. Methods and systems consistent with the present invention comprise several main steps and processes, some of which are optional or discretionary. These main steps are: receiving a request, obtaining preliminary information about the compromise, dispatching one or more teams to respond, creating and updating a case file, advising the customer with response decisions, notifying relevant parties about the compromise, acquiring forensics data, referring an insurance professional, implementing a training program, isolating the compromised information asset(s), neutralizing the compromise, creating a risk assessment report, implementing security technologies, and implementing security processes. | 08-12-2010 |
| 20100205015 | ACCOUNT LEVEL PARTICIPATION FOR UNDERWRITING COMPONENTS - An account management system has been developed that enables customer or client-related information to be stored, viewed and manipulated in a manner that reflects the relationship among different customers. The account management system includes an account data structure that defines accounts and relates customers to accounts so that the accounts include a group of related customers. In addition, a method of managing an underwriting account for an insurance policy has been developed. In particular, a method comprises the steps of establishing a plurality of participants; assigning each participant of the plurality of participants to an account; establishing business rules at an account level; and providing an underwriting decision for an account based upon the business rules. | 08-12-2010 |
| 20100205016 | Systems And Methods For Determining Concentrations Of Exposure - A system and method are provided for identifying exposure concentrations. The process of determining exposure concentrations may include organizing exposure data, defining parameters, determining elevated exposure concentrations, and providing output results. The exposure data may relate to at least geographical locations, policies, accounts, portfolios, treaties, and other exposure data. The parameters may be defined to include at least an area of analysis, a region of interest, a threshold amount, results parameters, and other parameters. The exposure concentration may include at least defining and locating exposure locations using various techniques. The results may be presented using textual, graphical, or other display schemes. The output may be configured to convey information such as positional accuracy of an identified area, exposure accumulation in a defined area, and other information. | 08-12-2010 |
| 20100211412 | INSURANCE CLAIM PROCESSING USING CONTAINERIZED PROCESSING LOGIC - A system and method for processing insurance claims using a set of adjudication rules. The method and system comprises receiving a claim for processing, such that the received claim having claim content including a claim date. Also provided is a database configured for accessing the set of adjudication rules appropriate to the received claim, the set of adjudication rules structured in containers including a primary rule container and secondary rule containers, each of the secondary rule containers being coupled to the primary rule container by a respective container reference, each of the secondary rule containers containing one or more adjudication rules adapted for processing the claim content of the received claim, each of the one or more adjudication rules being coupled to their respective secondary container by a respective rule reference, the set of adjudication rules defining a rule hierarchy. | 08-19-2010 |
| 20100211413 | REVISING CONTAINERIZED PROCESSING LOGIC FOR USE IN INSURANCE CLAIM PROCESSING - A system and method for revising one or more hierarchies of an insurance plan, the insurance plan for use in adjudicating one or more insurance claims. The method and system comprising obtaining one or more claims from a claims queue, the claims queue for storing claims selected for review. The system and method comprising accessing at least one of a set of benefit codes or a set of adjudication rules associated with the insurance plan of the obtained one or more claims, wherein at least some of the set of benefit codes or the set of adjudication rules are structured in a plurality of containers. The system and method comprising reconfiguring selected content of the at least one of a set of benefit codes or the set of adjudication rules in view of identified reasons for review of the one or more claims; and storing the reconfigured at least one of a set of benefit codes or the set of adjudication rules in a memory for subsequent use as at least one of a redeployed version of the insurance plan or a revised said at least one of a set of benefit codes or the set of adjudication rules for use in development of other insurance plans for adjudication of claims other than the one or more claims obtained from the claims queue; wherein the revised insurance plan, once deployed, is adapted for use by an adjudication engine for processing insurance claims received by the adjudication engine. | 08-19-2010 |
| 20100211414 | TOOL FOR GENERATING CONTAINERIZED PROCESSING LOGIC FOR USE IN INSURANCE CLAIM PROCESSING - A system and method for configuring a set of adjudication rules for use in processing an insurance claim. The method and system comprise defining an adjudication rule and defining a secondary rule container and coupling the adjudication rule to the secondary rule container by a rule reference associated with the content of the secondary rule container. Also implemented is defining a primary rule container and coupling the secondary rule container to the primary rule container by a container reference associated with the content of the primary rule container, the adjudication rule, the containers, and the rule and container reference defining a rule hierarchy for representing the set of adjudication rules. | 08-19-2010 |
| 20100211415 | MODIFYING CONTAINERIZED PROCESSING LOGIC FOR USE IN INSURANCE CLAIM PROCESSING - A system and method for modifying benefit coverage including a plurality of benefit codes of an insurance plan, the insurance plan for use in adjudicating one or more insurance claims. The system and method including accessing a set of benefit codes structured in a plurality of benefit containers including a primary benefit container and a plurality of secondary benefit containers, each of the plurality of secondary benefit containers being coupled to the primary benefit container by a respective benefit container reference, each of the plurality of secondary benefit containers containing one or more benefit codes adapted for processing a claim content of the one or more insurance claims, each of the one or more benefit codes being coupled to their respective secondary benefit container by a respective benefit reference, the set of benefit codes defining a benefit hierarchy. Also included is selecting the primary benefit container for inclusion in the insurance plan, and then modifying the benefit hierarchy by performing at least one of adding an additional benefit container reference to the primary benefit container, modifying a container benefit parameter of at least one of the benefit container references, or deleting at least one of the existing benefit container references. The modified insurance plan in then stored in a memory; such that the stored modified insurance plan is adapted for subsequent use in adjunction of appropriate insurance claims received by an adjudication system. | 08-19-2010 |
| 20100211416 | METHOD AND APPARATUS FOR HEALTHCARE FUNDING EXCHANGE - A Healthcare Funding Exchange (“HFX”) is implemented as a business service domain of service components communicating with each other wherein the execution of a complete interaction with an external actor is effected by the combined performance of executions by the service components. Each component can operate independently of all the others, and can be accessed by the others through service requests conveyed by a service broker. A complete interaction with an actor external to the domain occurs by one component performing its role, providing a service response, and potentially also issuing new service requests to other components, either during or at the end of its own processing. The service components in a business service domain also all have access to data they may share. One component generally has the responsibility for changing any given element of the shared data, but any components may read it. | 08-19-2010 |
| 20100211417 | ARRANGEMENTS FOR DERIVING FINANCIAL BENEFITS FROM EQUITY OWNED IN PROPERTY - A system and method for providing equity based benefits to a person dependent upon equity in property owned by the person is disclosed. The method is implemented on a computer based system and comprises securing a loan secured by a proportion of the equity, the loan having a principal value for a defined term, repaying the loan by periodically paying a simple interest charge being a fixed proportion of the principal, investing a residual of the loan, if an equity-based retirement savings option is elected accumulating earnings from the invested residual of the loan, and if a life-expectancy retirement annuity option is elected, making a periodic payment from the residual of the loan; wherein the principal value of the loan becomes due for repayment at the end of the term. | 08-19-2010 |
| 20100217627 | System and Method for Facilitating Management of a Financial Instrument - A computer-implemented method for facilitating the management of a financial instrument includes determining an account balance for a financial account. The financial account includes an investment portfolio and a springing guarantee of an income base for a retirement income. The retirement income includes periodic monetary transfers to be commenced at a target retirement date. Each periodic monetary transfer has a respective value based on the income base. The springing guarantee of the income base may be activated on an activation date. The account balance is stored in memory of the data processing system. The stored account balance is periodically updated based at least in part on market performance of the investment portfolio. Using a computing system, the activation date is determined based at least in part on the target retirement date and the income base is determined. A respective value is outputted for each one of the periodic monetary transfers. The respective value of each one of the periodic monetary transfers is based on the value of the stored income base at a time proximate the one of the periodic monetary transfers. | 08-26-2010 |
| 20100223076 | Managing and Validating a Benefits Plan - Systems and methods provide a tabular interface for validating and analyzing a benefits plan. The tabular interface illustrates how various parts of a benefits plan may be configured or must be configured, and shows the relationships between those elements. One embodiment allows benefits plan administrators to easily and quickly understand the different elements that need to be created, which elements are mandatory, and where these elements should be linked together. Thus, a starting point provided to users to analyze what elements should be created to meet plan requirements, and how these elements should be configured without intimate knowledge of the interfaces to use and navigate details within a benefits configuration application. | 09-02-2010 |
| 20100223077 | LIFE INSURANCE STRATEGIC VALUE - The present disclosure includes devices, methods, and systems for determining the strategic value of a life insurance strategy at a future point in time. One device embodiment can include a processor, a memory coupled to the processor, and program instructions stored in the memory and executable by the processor to perform a statistical sampling method to determine a strategic value of a life insurance strategy at a number of particular future points in time using a death benefit value of a life insurance policy, a cash surrender value of the policy, a mortality probability for an insured subject of the policy, and a projected investment return on a reinvestment of the death benefit value, at each of the number of particular future points in time. | 09-02-2010 |
| 20100223078 | CUSTOMIZABLE INSURANCE SYSTEM - An automated insurance quote system allows users to apply for one or more insurance quotes through a self-service communication channel. The system includes an interface that may receive applicant data from a remote location. A front-end processor selectively passes applicant data to a record keeping system retained in a memory. A controller or quote processors selects and transmits one or more insurance policies that are allowed under a user's governmental law and are tailored to the user's price and/or coverage preferences. The system conveys coverage details to users through the interface. | 09-02-2010 |
| 20100223079 | SYSTEM AND METHOD FOR COMPUTERIZED INSURANCE RATING - The invention relates generally to a computer system and method for integrating insurance policy underwriting. In one aspect, it integrates an older legacy insurance policy generating system to on-line rating systems where users access the system through browsers. The computer system to perform the process of dynamically rating includes generating an input XML file of risk information that is sent to a web service and calculated in a calculation engine. The processed data is retrieved by the web service and transmitted as an XML file to a user interface that parses the rating information and displays the data. | 09-02-2010 |
| 20100223080 | RECORDING AND REPORTING OF DRIVING CHARACTERISTICS - A system for recording, transmitting and compiling information indicative of actual vehicle operation and usage includes a device installed within a vehicle. Sensors communicate with the device to provide information relating to operation of the vehicle. A location module utilizes satellite signals to determine the current location of a vehicle. A data extraction module sends data to a central process server. The central processor compiles and summarizes the information from the device for determination of vehicle usage for use in determining an insurance premium. | 09-02-2010 |
| 20100228571 | System and Method for Managing a Group Insurance Policy - According to one embodiment, a method for managing a group life insurance policy with a plurality of certificates is provided. The group life insurance policy is at least partially funded by a financial account comprising one or more payments paid by a sponsor. The one or more payments are expected to fund the group life insurance policy for a multi-year period. The group life insurance policy is configured to provide life insurance coverage for a plurality of persons pursuant to the plurality of certificates. | 09-09-2010 |
| 20100228572 | System and Method for Managing a Group Insurance Policy - A method for providing a group life insurance policy with a plurality of certificates funded by a sponsor is provided. Each certificate provides a death benefit to at least one beneficiary designated by a person insured under the certificate. An initial payment is determined, which is to be paid by the sponsor in exchange for the certificates. At least a respective portion of the initial payment is allocated to each certificate. The method may further include monitoring for a non-death-related event that terminates a death benefit provided by a certificate. In response to detection of the event, a certificate is exchanged for a new certificate. The new certificate may provide a death benefit to at least one designated beneficiary. The exchanging of certificates may include reallocating to the new certificate at least a portion of the initial payment allocated to the one of the plurality of certificates. | 09-09-2010 |
| 20100228573 | SYSTEMS AND METHODS FOR MATCHING CONSUMER REQUESTS WITH SUPPLIER APPETITES - Provided are electronic systems and method to help intermediary members to bring together consumers and supplier members, wherein the consumers, supplier members and intermediary members may have different systemic rights. The inventive systems and methods employ a dynamic compilation of electronic entries that is updatable at the pleasure of supplier members so that the entries set forth substantially current supplier appetites at anytime. Electronic queries containing consumer requests, e.g., submitted by intermediary members, are matched with appropriate appetites. Once such matching has occurred, the identifier for appropriate suppliers are displayed. | 09-09-2010 |
| 20100228574 | PERSONALIZED REAL-TIME LOCATION-BASED TRAVEL MANAGEMENT - A personalized real-time location-based travel management method, the method including the steps of
| 09-09-2010 |
| 20100228575 | Method and system for insuring against investment loss - Participants purchase into a given system for a given period of time. Those with investment gains, by definition, are without loss and need no compensation from the system. Those with investment losses are reimbursed by the system according to previously agreed upon terms. Total loss of a given system's participants is calculated, with that figure compared to the previously agreed upon amount of funds available for loss compensation (total revenue generated by participant premiums minus previously agreed upon detracted percentage for firm or a sum set forward by the company that is independent of a given system's generated revenue). | 09-09-2010 |
| 20100235198 | Synchronous insurance inspection and valuation - Disclosed in one general aspect is an insurance item valuation method that includes establishing a communication link between a location in an operations base and a field site and transmitting item identification information about a series of different discrete items in different item categories located at the field site through the communications link. Insurance valuation information about the items is accessed at the operations base, and an acknowledgement about the insurance valuation information is transmitted from the operations base to the field site. | 09-16-2010 |
| 20100235199 | Method and System for Offering Insurance for Loans - A method for offering insurance to entities in the mortgage industry that provides coverage for financial loss as a result of, for example, material inaccuracies in the financial information provided by or on behalf of the borrower. The method in at least one embodiment includes the initial insurance application and establishment of an insurance agreement, periodic issuing of individual insurance coverages for particular loans handled by the lender, training and consulting on improved controls for lenders, maintaining an ineligible database of entities and a database of loan information, and handling of claims. | 09-16-2010 |
| 20100235200 | Method and System for Offering Insurance for a Mortgage Pool Using a Risk Assessment - An insurance program for entities in the mortgage industry that provides coverage for financial loss as a result of, for example, material inaccuracies in the financial information provided by or on behalf of the borrower. The method in at least one embodiment includes assessing the risks of financial loss for a mortgage pool. The method in at least one embodiment includes the scrubbing of mortgage production information for each insured lender to calculate a premium. | 09-16-2010 |
| 20100241460 | Loss Mitigation - Included are embodiments for providing a loss mitigation instrument. At least one embodiment of a method includes providing, by a computing device, an interface for a party to a lease of property to apply for a loss mitigation instrument; receiving, by the computing device, information from the party to the lease regarding the lessee and the property; determining, by the computing device, terms for the loss mitigation instrument based on the received information, where the loss mitigation instrument is configured to provide for payment on a claim for default on a lease by the lessee, where the default results from a predetermined cause to the lessee; and providing, by the computing device, the loss mitigation instrument to the party to the lease. | 09-23-2010 |
| 20100241461 | Loss Mitigation Analysis - Included are embodiments for analyzing data for a loss mitigation instrument. At least one embodiment of a method includes receiving, by a computing device, information regarding a loss mitigation instrument application for a loss mitigation instrument, the loss mitigation instrument configured to facilitate payment in the event a lessee of the loss mitigation instrument application defaults on a lease payment due to a predetermined cause as defined in the loss mitigation instrument; receiving, by the computing device, general data regarding lessees and lessors to determine at least one piece of lease default information; receiving, by the computing device, specific historical data regarding the lessee; and determining, by the computing device, from the at least one piece of lease default information and the specific historical data regarding the lessee, a likelihood of the lessee defaulting on the lease, where the likelihood is utilized to determine whether the loss mitigation instrument application is accepted. | 09-23-2010 |
| 20100241462 | Loss Mitigation Fulfillment - Included are embodiments for fulfilling a loss mitigation instrument. At least one embodiment of a method includes receiving, by a computing device, an indication of a claim on a loss mitigation instrument, the loss mitigation instrument configured to facilitate payment in the event a lessee of a property defaults on a lease payment due to a predetermined cause to the lessee, as defined by the loss mitigation instrument; determining, by the computing device, whether the claim is related to a valid loss mitigation instrument; determining, by the computing device, whether the lessee has defaulted on the lease payment due to the predetermined cause, as defined by the loss mitigation instrument, which would be covered by the loss mitigation instrument; and in response to a determination that the lessee defaulted on the lease payment due to the a predetermined cause, as defined by the loss mitigation instrument, authorizing, by the computing device, payment pursuant to the loss mitigation instrument. | 09-23-2010 |
| 20100241463 | AUTOMATED INSURANCE SYSTEM - There is disclosed an automated management system ( | 09-23-2010 |
| 20100241464 | SYSTEMS AND METHODS FOR SENSOR-ENHANCED RECOVERY EVALUATION - Systems and methods are discussed for providing sensor enhanced safety, recovery, and movement evaluation systems. Sensors that monitor user activity and behavior are worn by a user and/or placed in the user environment. Data from the sensors are processed to obtain a safety, recovery, and/or activity evaluation. Based on the evaluation, recommendations or adjustments to the terms of an insurance policy covering the user, the user's employer, or a facility providing health care to the user to accurately reflect the risks associated with the user, employer, and/or facility. | 09-23-2010 |
| 20100241465 | SYSTEMS AND METHODS FOR SENSOR-ENHANCED HEALTH EVALUATION - Systems and methods are discussed for providing sensor enhanced safety, recovery, and activity evaluation systems. Sensors that monitor user activity and behavior are worn by a user and/or placed in the user environment. Data from the sensors are processed to obtain a safety, recovery, and/or activity evaluation. Based on the evaluation, recommendations or adjustments to the terms of an insurance policy covering the user, the user's employer, or a facility providing health care to the user to accurately reflect the risks associated with the user, employer, and/or facility. | 09-23-2010 |
| 20100241466 | CASH BALANCE PENSION ADMINISTRATION SYSTEM AND METHOD - A cash balance pension plan setup and administration system based on a server connected to a network and accessible by user devices via the network, includes: a plan set up module configured for set up of a cash balance pension plan from one of the devices via the network, the plan set up module having pre-defined plan provisions and being configured to cause the device to prompt a user to select among the pre-defined plan provisions and to receive the selections and to establish a new cash balance plan in accordance with the received selections. The system further has a calculation engine configured to use stored formulas and the received selections to perform calculations for implementation of the new cash balance pension plan and an administrator module for establishing and determining rights of one or more administrators accessing the system via the network. | 09-23-2010 |
| 20100250289 | CONSUMER CLAIM MANAGEMENT PROCESS - The present invention is directed to a process for managing claims to repair an article of a customer. The present invention is particularly directed to a process for managing claims to repair an article of a customer when the article is covered by an insurance policy. This invention is further directed to a process for managing claims to repair an automobile vehicle of a customer covered by an insurance policy having a predetermined deductable. | 09-30-2010 |
| 20100262437 | SYSTEM AND METHOD FOR ADMINISTERING INCOME REPLACEMENT AND LONGEVITY INSURANCE - A computer system for administering an insurance account for providing income replacement and longevity insurance for a primary wage earner and a beneficiary has a processor and a memory storage device in communication with the processor. The processor is adapted to access data indicative of whether the account is in an income replacement phase, an intermediate phase or a longevity phase. The processor is adapted to, if the primary wage earner is deceased and the beneficiary is not deceased, and the account is in the income replacement phase, output a signal having data indicative of one or more payments to the beneficiary. The processor is also adapted to, if the account is in the longevity phase, and either of the primary wage earner or the beneficiary are not deceased, access data indicative of a schedule of periodic payments, including dates and amounts of payments, to at least one of the primary wage earner and the beneficiary for a term continuing until the last to die of the beneficiary and the primary wage earner. | 10-14-2010 |
| 20100262438 | CORPORATE OWNED LIFE INSURANCE PRODUCT WITH DEATH BENEFITS - A corporate owned life insurance product with death benefits (COLI-DB) that has no cash value and is minimally funded. The policy holder selects an election to mark to market accounting for life insurance. Thus, the COLI-DB has no cash surrender value. The net present value of the COLI-DB can be more than zero (and quite high) so there is no impact to net income and there may even be net income in the first year. The COLI-DB system may optimize returns by using new accounting rules in contrast to the traditional approach of COLI-CV, and returning death benefits through a captive to increase returns. | 10-14-2010 |
| 20100262439 | System And Method For Pricing Default Insurance - A system for modeling a basket of securities containing a plurality of securities is provided and includes a default/recovery model database for storing default/recovery data regarding the plurality of securities. Also included is a default simulation engine for calculating a default time for at least one of the plurality of securities based on the default/recovery data. Finally, a cash flow engine is included for generating cash flows for the basket of securities based on the default times. | 10-14-2010 |
| 20100268554 | Life Insurance Cooperative - A business method and computing system for providing a death benefit to a participant having an uninsurable trait. The method collects registration information from the participant, and associates the participant with at least one other participant having the uninsurable trait to form a group of participants. The method receives a funding payment from each participant in the group to create a funding pool for a time period. The method disburses the funding pool to deceased participants in the group who died during the time period, each deceased participant receiving a portion of the funding pool. An amount of the portion of the funding pool for each deceased participant is the death benefit for the deceased participant. | 10-21-2010 |
| 20100268555 | MULTIPLE CLIENT/USER AND CAPITAL MARKET FUNDED PARTICIPATING INTEREST IN QUALIFYING TRUST - Methods and apparatus, including computer program products, for multiple client/user and capital market funded participating interest in qualifying trust. Methods include establishing a legal trust that holds assets and issues obligations that grant participation rights in its assets. The legal trust can be a legal qualifying trust. The legal qualifying trust can grant participation rights to multiple beneficiaries or participants. | 10-21-2010 |
| 20100274593 | Debt disappearance protection - A method of offering and providing debt disappearance protection to a customer, comprising the steps of (i) marketing debt disappearance protection to customers through various marketing channels; (ii) selling a debt disappearance contract to a customer; and (iii), upon the happening of certain triggering events, acquiring a specific dollar amount of debt, acquiring certain specified debts, in whole or in part, or acquiring the customer's debt, in whole or in part, in an amount equal to the customer's required periodic payments as they come due. The debt disappearance company (“DDC”) acquires the customer's debt pursuant to the debt disappearance contract and agrees never to (i) attempt to collect the consumer's debt that it has acquired, (ii) report the consumer's debt that it has acquired to credit bureaus, (iii) sell the customer's debt that it has acquired or (iv) forgive the customer's debt that it has acquired. | 10-28-2010 |
| 20100274594 | SYSTEMS AND METHODS FOR PROVIDING COVERAGE RECOMMENDATION ENGINE - A computer system includes a data storage device. The data storage module receives, stores, and provides access to historical entity data and insurance coverage package data. A recommendation engine comprising program instructions stored in a program memory receives current entity data, creates a current entity representative record based on the received current entity data and historical entity data, creates one or more historical entity representative records for each of a plurality of insurance coverage packages, identifies one of the historical entity representative records based on the current entity representative record, identifies one or more of the plurality of insurance coverage packages based on the identified historical entity representative record, and presents the identified one or more insurance coverage packages when executed by a computer processor. A payment device processes a payment associated with one of the identified one or more insurance coverage packages to establish an insurance contract with the current entity based on the one of the identified one or more insurance coverage packages. | 10-28-2010 |
| 20100280852 | System And Method For Financial Transactions In A Rideshare Environment - A system and method for financial transactions in a rideshare system is provided. An economic demand is determined for a rideshare transaction. An economic supply is also determined for the rideshare transaction. A rideshare transaction price is set based at least in part upon the economic supply and the economic demand determined for the rideshare transaction. | 11-04-2010 |
| 20100287008 | METHOD AND APPARATUS FOR IDENTIFYING INTERNATIONAL TRAVELERS AND PROVIDING AN INCENTIVE TO PURCHASE TRAVEL SERVICES - Generating a commission for a passport photo provider by identifying a group of people that are about to travel in the near future, providing the customers with an incentive to purchase a travel service and a token to identify the passport photo provider, the customer purchasing a travel service, and the travel service provider transmitting a commission to the passport photo provider. The incentive is a discount on a travel service, such as travel insurance. The token is a uniform resource locator (URL) with a file path on the end for identifying the source of the incentive or a coupon code. The token and the incentive are printed on a brochure that also contains passport photos. If the customer makes a subsequent purchase of travel services, the passport photo provider receives an additional commission. | 11-11-2010 |
| 20100293009 | System and method for protecting and issuing an investment security - A system for providing protected securities over a period of time against a change in value. The system including an investment system electronically coupled to a security provider system operative to issue securities and to a insurance provider system operative to issue derivative insurance instruments that protect securities issued from the security provider over a prescribed period of time against a negative change in value. The investment system is operative to acquire the derivative insurance instruments from the insurance provider system and the securities from the security provider system so as to package the derivative insurance instruments with the acquired securities thereby providing protected securities that have their value protected over a period of time. | 11-18-2010 |
| 20100293010 | METHOD OF FINANCING UNFUNDED LIABILITIES - A method is disclosed of financing the liabilities of sovereign governmental entities, their political subunits, and like entities (e.g., school boards, etc.), and private business entities through the use of insurance products. In one embodiment, the method may include: receiving a population data set, generating a plurality of mortality data sets, generating a financial target data set, transmitting the financial target data set to a plurality of life insurance vendors, receiving from each of at least two life insurance vendors a rate table, generating a proportional rating for each insurance vendor, generating a final rate table having a per member life insurance premium rate for each mortality data set. | 11-18-2010 |
| 20100299160 | SYSTEM AND METHOD FOR PROVIDING FLEXIBLE AND PREDICTABLE INCOME - A computer system for administering a retirement income guarantee contract includes a communications module for receiving and transmitting data, and an administration module. The administration module has: an account initiation module for storing contract data including: an initial premium amount paid on which an accumulation balance is initially based; a target payout commencement date and a payout commencement date range including the target payout commencement date; payout rates fixed at the time of payment of the initial premium amount for determining income payments for payouts commencing at dates within the range; and one or more crediting rates fixed at the time of payment of the initial premium amount for determining increases in accumulation balance until the payout date. A payout administration module determines a payout amount based on the accumulation balance at the payout date and the fixed payout rate applicable to the payout date. | 11-25-2010 |
| 20100299161 | SYSTEM AND METHOD FOR ADMINISTERING SUBROGATION RELATED TRANSACTIONS - A computer system for administering an intelligent subrogation transaction includes a processor and a memory in communication with the processor. The processor may be configured to prompt a user for data regarding a new subrogation transaction, store received data, access from the memory data related to existing subrogation transactions, perform subrogation related calculations including application of one or more predictive and regulatory business rules; provide an output signal comprising data indicative of a response based on a result of the application of the business rules; receive user instructions for preparation of a communication including data indicative of the response, and provide the prepared communication. | 11-25-2010 |
| 20100299162 | SYSTEM FOR PROCESSING INSURANCE COVERAGE REQUESTS - A system for processing insurance coverage requests. An insurance data processing system (IDPS) implements a method that processes the requests. The IDPS receives at least one request from a customer relating to insurance coverage for the customer. Each request independently requests activation or deactivation of the insurance coverage. The requests are ordered in a time sequence if the at least one request includes more than one request. The IDPS verifies, for each request received, that it is permissible for the IDPS to accommodate each request. After each request is verified, the IDPS archives each request in a non-volatile storage medium of the IDPS. | 11-25-2010 |
| 20100305976 | SYSTEM AND METHOD FOR ADMINISTERING LAST SURVIVOR LIFE INSURANCE POLICY - A computer system for administering a last survivor life insurance policy paying a death benefit on the death of the last survivor of insureds, includes a processor; and a memory storage device in communication with the processor. The processor is adapted to: determine at least one variable of a feature related to the policy based on a mortality charge based on, for each future year of the policy, a sum of the statistical likelihoods of the deaths of each of the insureds determined as of the policy issue date; store data indicative of the determined variable; output a signal having data indicative of the determined variable; access data indicative of whether any of the insureds is deceased; if all of the insureds are deceased, access data indicative of the death benefit amount under the policy and an identity of a beneficiary, the identity including at least a name and address; and output a signal having data indicative of the amount of the death benefit under policy and the identity of the beneficiary. | 12-02-2010 |
| 20100305977 | AUTOMATION OF AUDITING CLAIMS - Described are computer-based methods and apparatuses, including computer program products, for automation of auditing claims. A data file is received comprising one or more auditable items, each auditable item comprising a word string having one or more words. Each word string for each auditable item is translated using one or more translation steps into a translated item description. Each translated item description is compared to a plurality of terms to generate matching information. Each translated item description is associated with an item identifier based on the matching information. Each auditable item is accepted or rejected based on the item identifier and one or more rules associated with the data file. | 12-02-2010 |
| 20100305978 | AUTOMATION OF AUDITING CLAIMS - Described are computer-based methods and apparatuses, including computer program products, for automation of auditing claims. A data file comprising make model information, insurance company information, and one or more auditable items, each auditable item comprising a word string having one or more words. The make model information is automatically translated into a vehicle identifier. The insurance company information is automatically translated into an insurance company identifier. The one or more auditable items are automatically translated into one or more groups of identifiers, wherein the one or more groups of identifiers comprises one or more part item identifiers, one or more operational item identifiers, or both. A parts audit report is automatically generated based on the one or more groups of identifiers. An operational audit report is automatically generated. A multi-point estimate is automatically generated based on the parts audit report data and the operational audit report data. | 12-02-2010 |
| 20100305979 | AUTOMATION OF AUDITING CLAIMS - Described are computer-based methods and apparatuses, including computer program products, for automation of auditing claims. Data indicative of a vehicle make and model is received, the data comprising one or more make fields and one or more model fields. The one or more model fields are prepared for translation. The one or more make fields are prepared for translation by applying one or more rules from the plurality of rules. Each field of the one or more make fields is associated with one or more make model entries from a plurality of predetermined make model entries. Each field of the one or more model fields is associated with one or more make model entries from the plurality of predetermined make model entries. The data is automatically translated into one or more vehicle identifiers based on the associated make model entries. | 12-02-2010 |
| 20100305980 | Method Of Financing Minimally Capitalized Natural Resource Exploration Companies Through Risk Mitigation - A junior exploration company must typically obtain financing for advanced stages of the natural resource recovery process, including the extraction stage. The method involves the procurement of errors and omissions insurance policy, that may name the investor as the beneficiary. If the amount of resources (e.g., minerals such as gold) discovered do not support the expected amount of return to the investor, the insurance company is expected to pay the claim to the intended beneficiary, namely the investor. If the amount of resources extracted are equal to or exceed the expected amount, then the insurance company does not pay on the policy, but the investor obtains the return on its investment based on the sale of the resources extracted. As a result, the risk to the investor is minimized and funding for the junior exploration company can be procured. | 12-02-2010 |
| 20100312585 | LIFE SETTLEMENT/SETTLEMENT WITH PAID-UP POLICY SYSTEM AND METHOD - A method and system for structuring a life settlement with a paid-up policy transaction. An existing insurance policy holder exchanges an existing insurance policy for a paid-up insurance policy or life insurance group certificate purchased by a buyer on a secondary market. The policy could also exchange their policy for being named as a beneficiary of a second insurance policy purchased by a buyer on a secondary market. | 12-09-2010 |
| 20100318382 | Just-In-Time Insurer's Flooring Evaluation and Replacement System - The present invention is directed to a system, and method for making and using the same, for an on-site evaluation of flooring materials, condition, and value, and further, for providing replacement flooring. The present invention provides an effective and uniform way to more objectively evaluate flooring and/or provide replacement flooring to the benefit of both an insurer and a customer. More specifically, the present invention relates to a flooring evaluation system which includes flooring evaluators equipped with a portable apparatus for evaluating flooring which includes an objective evaluation approach using evaluation logic to determine a current monetary market value, or “as new” or pre-use value, which takes into account flooring characteristics, and/or a depreciated value which takes into account loss factors such as wear, appearance, and other degradative considerations. Further, the system of the present invention can include flooring providers which participate in the installation of a selected replacement flooring. The present invention is directed to a n interconnected system which includes estimation logic, project management logic and installation logic for managing an insurance claim from start to finish in a just in time fashion. | 12-16-2010 |
| 20100318383 | INTERACTIVE CREDENTIAL SYSTEM AND METHOD - The interactive credential system and method has a database containing employee-employer-applicant surveyed information, industry specific criteria, such as insurance loss history and account performance, an authorization code for authorizing access to the database and a control device, operatively associated with the database, for presenting weighted scores. The system further includes a surveyed party processor operatively associated with the control device, and wherein the surveyed party processor is capable of transmitting the authorization code to view the surveyed information. The system also has a participant processor that is capable of requesting authorization to download the employee-employer-applicant information, including weighted scores computed from the system's algorithms processed from industry specific parameters. | 12-16-2010 |
| 20100324941 | PERSISTENT SALES AGENT FOR COMPLEX TRANSACTIONS - The present invention includes systems and methods employing branded virtual characters across multiple network platforms throughout various stages of complex transactions (eg, selling insurance). These characters initially engage prospective customers on a network platform, such as a social network, and persist over time across other network platforms (eg, university and company websites) to educate consumers until they are ready to purchase—from their “trusted advisor”—particular products and services offered by various providers. Even after completing transactions, these characters continue to provide various services, such as notifying a customer whose circumstances have changed of a relevant product or service, while remaining available to answer questions and provide information upon demand. By employing a semi-automated model, the system of the present invention can answer many questions via predetermined vignettes and automated answers generated by expert systems, while still utilizing live human experts (often transparently) when necessary. | 12-23-2010 |
| 20100324942 | SYSTEM AND METHOD FOR RECEIVING AND EVALUATING REQUESTS FOR INSURANCE PROPOSALS - A computer system for receiving and evaluating requests for quotes for insurance services includes a processor; and a memory storage device in communication with the processor. The processor is adapted to: receive via a communications interface data including a request for a quote to provide insurance services with respect to a first risk; verify and augment the received data with respect to one or more sources of data; determine based on the verified and augmented received data whether a quote will be provided with respect to the first risk; and provide an output signal including the received data and at least a portion of the augmented data to a third party server. | 12-23-2010 |
| 20100324943 | GENETICALLY PREDICTED LIFE EXPECTANCY AND LIFE INSURANCE EVALUATION - The present invention provides a system and methods for using a central database apparatus to evaluate a life insurance policy for a member of a population based on the genetically predicted life expectancy of the member. | 12-23-2010 |
| 20100324944 | INSURANCE CODE QUOTE RESOLUTION SYSTEM AND METHOD - An insurance code resolution system comprises a quotation module executable by a processor. The quotation module is configured to generate a quote request and submit the quote request to at least one insurance provider where the quote request comprises at least one code representing a parameter value for the quote. The quotation module is also configured to receive a response from the insurance provider associated with the quote request and, if the response indicates an inconsistency related to the at least one code, automatically initiate an action to modify the at least one code. | 12-23-2010 |
| 20100324945 | DATA INSURANCE SYSTEM BASED ON DYNAMIC RISK MANAGEMENT - A data insurance system with risk management, this risk management bases itself on a risk calculation algorithm targeted to digital data loss of computers and digital storage media. The risk is calculated using an algorithm based on S.M.A.R.T variables, O.S. variables, Anti-virus variables, Backup variables, S.N.M.P variables, Hardware variables and customer's behavior variables. The insurance coverage changes dynamically depending on the status of these variables, in addition, this data insurance system is able to create new rules of risk calculation in order to put the risk level of the customer's computer in red, orange or green, and it's able to auto-detects new trends based on the stats of the AIRC system. | 12-23-2010 |
| 20100332262 | CLOUD COMPUTING RESOURCE BROKER - Embodiments for interacting with cloud computing providers are disclosed. In accordance with at least one embodiment, a resource broker receives a request for a computing task that is to be performed from a customer. The resource broker selects one of the cloud computing providers to perform at least a part of the computing task. In turn, the resource broker may obtain a gain from performance of the at least one part of the computing task by the cloud computing provider. | 12-30-2010 |
| 20100332263 | METHOD, APPARATUS AND COMPUTER PROGRAM PRODUCT FOR PROVIDING A CONTRACT COMPLIANCE SOLUTION - An apparatus for providing contract compliance may include processing circuitry. The processing circuitry may be configured to receive a contract provision corresponding to a contract defining a responsibility of a payor with respect to payment of a first class of claim, and transform the contract provision, based on rule compliance information defining processing actions to be performed in response to corresponding criteria, into a claim processing rule in a format of a claim adjudication rule associated with a second class of claim. A corresponding method and computer program product are also provided. | 12-30-2010 |
| 20100332264 | SYSTEM AND METHOD FOR ADMINISTERING DEFERRED TERM LIFE INSURANCE ASSOCIATED WITH A SAVINGS PLAN - A computer system for administering a plan for providing life insurance associated with a savings plan to attain a target balance at a target date, the system having a processor and a memory in communication with the processor. The processor is adapted to, responsive to receiving data including a death of the insured, determine whether the death occurred after a deferral period and before the target date. The processor is further adapted to, responsive to determining that the death occurred after the deferral period and before the target date, determine a death benefit amount based on the date of death, the death benefit amount being less than the target balance; and provide an output signal indicative of the amount of the death benefit to be paid to the savings plan. | 12-30-2010 |
| 20100332265 | RECEIPT INSURANCE SYSTEMS AND METHODS - Receipt insurance systems and methods whereby a third party receipt insurer insures consumers or purchasers all of the benefits associated with having possession of a receipt for a retail purchase without the need for possession of a physical or paper receipt. A receipt insurance agreement between a receipt insurance provider and a consumer protects the consumer against a loss of consumer rights or personal property insurance rights resulting from a lost receipt by electronically storing for retrieval, if necessary, an electronic record of all of the receipt information. The electronic receipt record is accepted by agreement between the receipt insurer and the seller/retailer as a valid receipt proof of purchase with all attendant rights. A receipt insurer provides receipt insurance coverage to a consumer to either protect against the loss of a paper receipt by substituting an electronic receipt record for a paper receipt, or eliminating the paper receipt entirely in lieu of an electronic receipt record which will be accepted by a seller or retailer as valid proof of purchase. Consumers are offered receipt insurance and thereby accept an electronic record of a purchase receipt as a valid record of a sales transaction between the consumer and a participating retailer in lieu of a traditional paper receipt. | 12-30-2010 |
| 20100332266 | TRAFFIC INFORMATION SYSTEM - A method of evaluating the driving behavior in a vehicle. The method includes determining values of a plurality of parameters of the operation of a first vehicle in a first road segment, determining values of the plurality of parameters for one or more second vehicles in a second road segment having similar properties to those of the first road segment, comparing the determined values of the first vehicle and the one or more second vehicles and providing an evaluation of the driving behavior of the first vehicle, responsive to the comparison. | 12-30-2010 |
| 20110004492 | DYNAMIC ADJUSTMENT OF INSURANCE PREMIUMS - A method to dynamically adjust a premium of an insurance policy is disclosed. At least one of an entity input data or an environmental input data is updated by a dynamic insurance provisioning system, the entity input data being an input data that is specific to an entity insured by the insurance policy and the environmental input data being additional input data that is not being specific to the entity. A determination is made as to whether a risk associated with providing the insurance policy has changed based on the updating of the at least one of the entity input data and the environmental input data. Responsive to the determination, the premium of the insurance policy is recalculated. | 01-06-2011 |
| 20110004493 | DYNAMIC AGGREGATION OF INSURANCE PREMIUMS - A method to dynamically aggregate insurance premiums is disclosed. An insurance policy is dynamically adjusted responsive to input data received at a dynamic provisioning system, the adjusting including a calculating of a new premium of the insurance policy. An amount of a payment of the new premium is identified based on preference data received at the dynamic provisioning system. An entity insured by the insurance policy is notified of the amount. | 01-06-2011 |
| 20110004494 | SYSTEMS AND METHODS FOR MONITORING THE STATUS OF MEDICAL CLAIMS - The system is an advanced, web-enabled, clearinghouse that facilitates efficient and effective claim routing, monitoring and report retrieval. A claim status summary is displayed that links directly to a rejected claim listing, wherein each rejected claim listed is a link to associated detailed claim information. The detailed claim information display has fields to edit the associated detailed claim information. During the editing process, a rules verification is performed against the edited claim information to ensure the edit comply with the known rules for the associated payer. Upon successfully completing the rules verification, the edited claim is submitted to a payer. | 01-06-2011 |
| 20110004495 | COMPUTER SYSTEM FOR CONTROLLING A SYSTEM OF MANAGING FLUCTUATING CASH FLOWS - Apparatus (method implemented with a machine, the machine, and the method for making the machine, and products produced thereby) for controlling a system of managing cash flows for a transaction, the apparatus including: data processing means arranged for receiving information into memory, said information including respective descriptions of risks, statistical assumptions for said risks, and financial assumptions for said risks, the data processing means further including: calculating means, responsive to said descriptions and said assumptions, for calculating expected cash flows corresponding to said risks for time periods; accounting means for determining, responsive to actual cash flow information from occurrence of events corresponding to said risks, for a first party to the transaction owing the expected cash flows to a second party to the transaction, and for determining, for the second party owing the actual cash flows to the first party, a net settlement, for each of said time periods, between the parties in the transaction, to manage the actual cash flows and the expected cash flows. | 01-06-2011 |
| 20110010201 | Method of managing contingent profits - A method of allocating the risk and reward of financial performance that is contingent upon the outcome of sporting events. The business and a second party enter into a contract under which the second party guarantees all or a portion of certain profits to the business that are otherwise contingent upon the sporting event outcome, in exchange for a fee. | 01-13-2011 |
| 20110010202 | SMART FORM - Some embodiments of a system and a method to dynamically create a smart form have been presented. In one embodiment, a graphical user interface (GUI) module, running on a server, creates a GUI to present a questionnaire having at least one question to an end-user. A rule engine, running on the server, receives an answer to the at least one question via the GUI from the end-user. Using truth maintenance, the rule engine may determine what follow-up questions to ask the end-user based on the answer received. The GUI module may dynamically modify the GUI to present the follow-up questions to the end-user. | 01-13-2011 |
| 20110010203 | Account and Customer Creation in an On-Line Banking Model - A system, method and article of manufacture are provided for account and customer creation in an online banking model. An application is received from a customer. The application includes information relating to the user and also documentation relating to the user. A first computer is utilized to create a profile for the customer based on the application received from the customer. The first computer is also utilized to create an account for the customer. Information relating to the created profile and account is transmitted from the first computer to a second computer where a notification is generated. The notification indicates that the account has been created. The notification is transmitted from the second computer to the customer utilizing a network. | 01-13-2011 |
| 20110010204 | UTILIZING LIFE INSURANCE TO BENEFIT A CHARITY - Funding a charity includes identifying an individual whose life represents an insurable interest to the charity, obtaining an insurance policy to cover the identified individual's life, funding premiums for the insurance policy from a funding source other than the insured individual and paying proceeds from the insurance policy for the benefit of the charity, pursuant to an agreement made approximately when the insurance policy was obtained. | 01-13-2011 |
| 20110015948 | COMPUTER SYSTEM FOR ANALYZING CLAIMS FILES TO IDENTIFY PREMIUM FRAUD - A computer system includes a data storage module. The data storage module receives, stores, and provides access to both aggregate claims file data and insurance policy data. The computer system also includes a computer processor and a program memory. The computer processor executes programmed instructions and stores and retrieves the data stored in the data storage module. A text mining component is coupled to the data storage module, and analyzes unstructured text in the aggregate claims file data to detect indicators of possible premium fraud. A routing module in the computer system routes for investigation insurance policies that correspond to the claim files in which indicators of possible premium fraud were detected. | 01-20-2011 |
| 20110015949 | INSURANCE CLAIM DATA EXCHANGE - According to some embodiments, workers' compensation claims are received at a payor processing system from a plurality of remote bill input devices. The workers' compensation claims may be transformed in accordance with a jurisdiction-based claims processing rule. The transformed workers' compensation claims may then be transmitted to a workers' compensation adjudication engine. | 01-20-2011 |
| 20110015950 | INSURANCE BENEFITS ESTIMATOR - A computerized method allowing insurance customers to enter details of their individual risk factors like age, as well as various customer designed risk scenarios, and receive information on the payout amounts that various insurance plans will deliver based upon both the individual risk factors and the customer designed risk scenario. In one embodiment, a method for allowing travelers going to a foreign country, where the traveler may be unaware of prevailing costs for various medical contingencies, to enter the traveler's risk factors like age and various adverse medical scenarios, and be informed both as to the costs of medical treatment in that country and the benefits that a variety of travel medical insurance plans will provide under these scenarios. These plans may then be evaluated according to different user selected parameters. The method can be implemented using computerized servers and client devices communicating using standard internet protocols over the internet. | 01-20-2011 |
| 20110015951 | Evaluation of website visitor based on value grade - Evaluating website visitors includes: obtaining historical sample information of a plurality of past website visitors; based on the historical sample information, determining a plurality of value grades (cj) of the past website visitors and a respective plurality of rates of occurrence (P(cj)) for the plurality of value grades, wherein j=1, . . . , N, and N is an integer; determining a visitor characteristic probability (P(X)) and a plurality of conditional visitor characteristic probabilities given the plurality of value grades (P(X|cj)) associated with a current website visitor; and determining a plurality of conditional value grade probabilities given a visitor characteristic of the current website visitor ((P(c|X)) and selecting among the plurality of conditional value grade probabilities a likely value grade associated with the current website visitor, wherein j=1, . . . , N. | 01-20-2011 |
| 20110015952 | LIFE INSURANCE OPTION - A method of providing deferred life insurance through a life insurance option. The deferred life insurance becomes effective later in the life of an insured after the option matures. The insured pays at least one payment during a first period for the deferred life insurance policy option. The deferred life insurance policy is inactive during the first period, and becomes effective at the beginning of the second period when the option matures. The insured pays at least one payment during a second period, which follows the first period, for the deferred life insurance policy, assuming the insured lives this long. The insured is entitled to a benefit based on the deferred term life insurance policy only in the event of death of the insured occurs during the second period. Payments for the life insurance option can be made by a person who is the insured or on behalf of another person who is the insured, such as a child or other third party. The individual payments and sum of payments can be structured to suit the insured's financial objectives, while providing incoming funds to an insurance company. The deferred life insurance policy can be used in conjunction with a conventional life insurance policy, such as conventional term and whole life insurance policies. | 01-20-2011 |
| 20110022416 | SYSTEM AND METHOD TO PROVIDE INSURANCE QUOTE - A method includes a data storage device for receiving, storing, and providing access to building characteristic information, a computer processor for executing program instructions and for retrieving the building characteristic information and hazard information from the data storage device, a memory, coupled to the computer processor, for storing program instructions for execution by the computer processor, a quoting system and a validation engine. | 01-27-2011 |
| 20110022417 | INSURANCE QUOTING SYSTEM AND METHOD - An insurance quoting system comprises a quotation module executable by a processor where the quotation module is configured to receive from a user a request for a rate quote for an insurance product via a website associated with a first broker. The quotation module is also configured to determine whether the first broker is authorized to provide the insurance product to the user and, if the first broker is not authorized to provide the insurance product, automatically locate a second broker authorized to provide the insurance product to the user. | 01-27-2011 |
| 20110022418 | Arrangement And Approach For Motion-Based Image Data Processing - A system and method for generating a health insurance explanation of benefits for a patient is provided for receiving one or more adjudicated claims from a health insurance company; analyzing the one or more claims in relation to patient information stored in a patient records database; and generating a personalized message to the patient about the patient's health care based on the stored patient information and the adjudicated claims. The personalized message, applied to an EOB generation system associated with the health insurance company, forms a part of an enhanced EOB to be provided to the patient. | 01-27-2011 |
| 20110022419 | Apparatuses, Methods, and Systems for Providing a Reconfigurable Insurance Quote Generator User Interface - The present disclosure describes an approach to constructing and implementing risk rating products that provides a number of advantages. Instead of hard-coding attributes of a risk rating scheme, which requires the assistance of a trained programming specialist for any modifications, adjustments, or new products, the present invention provides a set of modular tools that assist non-specialists in on-the-fly generation and implementation of risk rating products. The modularity of this approach facilitates the modification and/or updating of a system component without affecting the operation of other components. Described herein are embodiments of system tools configured to read a risk rating scheme data-structure and generate a user interface whereby a user may enter information characteristic of an insurable risk and receive a quote indicative of a price for binding an insurance policy to the candidate risk. | 01-27-2011 |
| 20110022420 | SYSTEMS AND METHODS FOR INSURANCE UNDERWRITING - The systems and methods described herein may automate insurance underwriting by integrating information from multiple online databases and creating decision making advice useful to insurance underwriters. One system includes a client, database, and server. The client allows an underwriter to enter applicant information, enter customized risk modifiers, and receive an underwriting decision. The database provides additional applicant information. This information can include one or more of prescription drug history, credit history, motor vehicle records, and geocentric mortality risk. The server obtains the applicant information, calculates the applicant's risk, and makes an underwriting decision. Another system calculates a prescription drug risk for an applicant from pharmacy benefits management data, drug risk category data, and application data. Another system calculates a geocentric mortality risk for an applicant from census data, mortality data, credit information, and application data. Preset external modifiers are added to systems and methods of calculating risk in order to allow the underwriter to customize the risk results. | 01-27-2011 |
| 20110022421 | SAFETY EVALUATION AND FEEDBACK SYSTEM AND METHOD - Systems and methods are discussed for providing a sensor enhanced employee safety evaluation system. Sensors that monitor employee behavior are placed at the workplace of an insured entity. Data from the sensors are processed to obtain a safety evaluation. Based on the safety evaluation, the insurance provider can adjust the terms of the insurance policy to accurately reflect the risks associated with the insured entity. Feedback based on the safety evaluation is also provided to the insured entity and the employees of the insured entity to promote improvements in safe behavior. | 01-27-2011 |
| 20110029330 | AUTOMATED INSURANCE APPOINTMENT PROCESSING SYSTEM - According to some embodiments, a plurality of new work notifications are received, each associated with a producer identifier. A set of non-appointed new work notifications may be determined, including a first non-appointed new work notification and a second non-appointed new work notification, the second non-appointed new work notification being received after the first non-appointed new work notification, and at least some of the non-appointed new work notifications may be automatically prioritized such that the second new work notification is assigned a higher priority as compared to the first new work notification. It may then be arranged for a manual appointment processing procedure to be performed for at least some of the non-appointed new work notifications in accordance with the prioritizing. | 02-03-2011 |
| 20110029331 | METHOD OF PROCESSING STRUCTURE DAMAGE INSURANCE CLAIMS - A method of processing insurance claims with respect to a damaged structure, not requiring the removal of protective covering to view and inspect the damaged structure, and in particular an area of damage on the damaged structure, is disclosed. The method is facilitated by the use of a tarp having at least a transparent portion characterized by high durability and clarity provided in a size appropriate to enclose the area of damage, the tarp covering the area of damage on the damaged structure. Due to the tarp's transparency, an insurance provider assessor may view the damaged structure and inspect the structure and area of damage through the tarp without removal of the tarp. | 02-03-2011 |
| 20110029332 | METHOD AND SYSTEM FOR GUARANTEEING REPAIR OF A DAMAGED WINDSHIELD - A method and system for guaranteeing a plurality of windshields against damages that can be repaired through a windshield guarantee program is provided, wherein the guarantee program is managed by an administrator. Through a windshield identification code and a vehicle dealer identification code, each guaranteed windshield is associated to a vehicle dealer. In counterpart of a premium paid by the owner of the vehicle, the windshield is fully guaranteed against damages that can be repaired. Upon the occurrence of a damage to a guaranteed windshield, the damaged windshield can be repaired at the related vehicle dealer. The premium can be calculated according to windshield casualty data such as rate of damages, nature of damages, and costs for repairing stored in a database. | 02-03-2011 |
| 20110035238 | INSURANCE CLAIM PROCESSING - A method, computer-readable medium, and apparatus by which a user may access information about one or more properties may be used by an insurance provider or claims administrator to provide an information portal to its clients. User input identifying one or more foreclosed properties may be received. Then, property data may be retrieved from a property database, and the property data may include property damage information and insurance claim information for each of the identified properties. Then, based on the retrieved property data, it may be determined whether an identified property is damaged and whether an insurance claim was filed. Subsequently, information corresponding to the identified property may be displayed, and this information may include a damage indicator and an insurance claim status indicator. | 02-10-2011 |
| 20110035239 | System, method, and computer program product for valuing and administering annuity with guaranteed minimum withdrawal benefit to generate rising withdrawal stream - Processes, systems, and computer-readable storage media value and administer a variable annuity having a guaranteed minimum withdrawal benefit (GMWB) feature such that an investor can receive a guaranteed rising stream of income. The GMWB feature can be adapted to help create a guaranteed income stream that will last as long as the Covered Person(s) live(s) even if the entire value of the contract has been reduced to zero provided that withdrawals taken are within the parameters of the feature. The GMWB feature can “lock-in” an increased Income Base at the end of a predetermined period that is equal to the greater of (1) actual investment gains on the contract period or (2) an income credit based upon an Income Credit Base, adjusted by withdrawals taken in the prior period. The contract owner may withdraw an amount less than or equal to a Maximum Periodic Withdrawal Amount in each Benefit Period without reducing the Income Base or the Income Credit Base. | 02-10-2011 |
| 20110035240 | Transaction security apparatus and method - An apparatus, including an input device or receiver for inputting or receiving transaction information regarding a transaction which includes information pertinent to the transaction and information regarding a copy, image, photograph, or picture, of a document, form, draft, check, receipt, or other entity, offered, presented, submitted, processed, involved, or used, in the transaction, a processing device for processing the information pertinent to the transaction and which generates a notification message containing information regarding the transaction and the information regarding the copy, image, photograph, or picture, and a transmitter which transmits the notification message to a communication device associated with an account holder via, on, or over, the Internet, the World Wide Web, or a wireless communication network. The notification message is transmitted to the communication device independently of any processing of the transaction by a transaction authorization processing computer. | 02-10-2011 |
| 20110040579 | WEB-BASED SYSTEMS AND METHODS FOR PROVIDING SERVICES RELATED TO AUTOMOBILE SAFETY AND AN INSURANCE PRODUCT - Systems and methods provide services relating to driving safety and insurance in connection with insuring selected segments of a population, such as young drivers or elderly drivers. A web-based system provides a web site having a home web page configured to provide links to web pages accessible by a user over the Internet, configured to provide program elements such as an interface to a GPS vehicle monitoring system connected to provide vehicle information to the user via one or more of the web pages and to receive instructions from the user to select features of the GPS system, a display of or link to educational information relating to safe driving, stored by the web-based system or provided by interface to a third party web site; or a display of or link to a tool providing an estimate of an insurance premium discount based on use of the program. A system for providing an insurance price estimate, a computer-implemented method of promoting the sale of vehicle insurance to a population segment, a computer system for providing an insurance premium discount, and a computer program product are also provided. | 02-17-2011 |
| 20110040580 | SYSTEM AND METHOD FOR KNOWLEDGE-DRIVEN PRESENTATION OF MEDICAL CLAIM INFORMATION - A computerized system includes acquisition of cost data associated with a workers' compensation claim from a data storage device, reception of a request to display the cost data associated with the workers' compensation claim from a remote terminal, application of knowledge-based graphing rules to the cost data to identify a medically-relevant characteristic of the cost data, and output, to a client device, of a graphical representation of the requested cost data including a graphical indication of the identified medically-relevant characteristic. | 02-17-2011 |
| 20110040581 | LIFE SPAN SOLUTION-BASED MODELING - A computer-implemented simulation calculates financial consequences and likelihoods for a large number of potential real life events based on demographic data and based on an individual's responses to a questionnaire, in order to predict which types of financial products might best serve the individual's long term needs based on market trends extrapolated from historical market data. The computer-implemented simulation model provides an objective, non-speculative basis for recommending financial products that are most likely to meet the individual's present and future financial needs. The model assumes that any number of different products can satisfy customer needs for matters such as wealth generation, wealth and social status preservation, wealth transfer, or charitable giving. The model also factors whether existing and anticipated funding sources are to be dispensed in the form of a sinking or sustainable fund. Product affordability is also taken into consideration. | 02-17-2011 |
| 20110040582 | ONLINE SYSTEM AND METHOD OF INSURANCE UNDERWRITING - A user accesses online forms, enters information, and submits the data to an insurance underwriting server. The information may address health, family history, the applicant's profession, or planned physical activities. The applicant also authorizes the server to retrieve stored information about the applicant. The stored information may include DMV records, prescription drug records, credit reports, information from prior insurance applications, or medical records. The server receives the applicant's information and authorization to access the stored information. The server retrieves the stored information, then computes mortality risk based on the applicant's information and the retrieved information. If the mortality risk is deemed to be too high, the server can transition the user and/or applicant to a customer service representative, or the server can decline to underwrite an insurance policy. If the mortality risk is not too high, the server computes a premium rate that corresponds to the mortality risk, and offers to underwrite an insurance policy for the applicant at the specified premium rate. | 02-17-2011 |
| 20110040583 | LIFE INSURANCE INVESTMENT FUND - A method of funding and managing at least one fund of a plurality of diverse life insurance policies issued by a plurality of investment grade carriers, the at least one fund providing enhanced risk adjusted investment return, the at least one fund having owners, the method being implemented on at least one computing device executing software processes, the software processes performing instructions comprising the steps of: selecting, using computer enabled instructions executed by the at least one computing device, the plurality of life insurance policies for the at least one fund without underwriting on the lives of the insured of each life insurance policy, said step of selecting based on a cash value analysis of the life insurance policies to identify those policies with viable projected cash value streams and that can be positively impacted to improve the cash value streams; acquiring, using computer enabled instructions executed by the at least one computing device, the selected plurality of life insurance policies for the at least one fund, wherein benefits of life insurance policy ownership pass to the owners of the at least one fund; and managing the fund, using computer enabled instructions executed by the at least one computing device, to maximize a financial risk adjusted investment rate of return that provides equity level returns with fixed income asset exposure. | 02-17-2011 |
| 20110046984 | METHOD AND SYSTEM FOR DETERMINING A RISK OF LOSSES - A method and a system for determining a risk of losses, which can be implemented as a computer-implemented method and a computer system for determining for an institution the risk of losses associated with a line of business. | 02-24-2011 |
| 20110046985 | A novel method of underwriting and implementing low premium health insurance for globalizing healthcare - A novel method and apparatus for effectuating outsourcing components of the complex processes of underwriting, implementation and administration of a novel low cost healthcare delivery plan to offshore locations, comprising of a computer network of plurality of computer terminals that integrate the conventional processes with new processes that allow seamless implementation of home country emergency inpatient and essential healthcare services, with low cost offshore services that include, i) elective medical procedures performed at offshore accredited hospitals, ii) back office administrative support, ii) 24/7 customer support, iii) 24/7 online physician support, iv) importation and home delivery of approved prescription drugs, and v) travel support to the offshore destination. | 02-24-2011 |
| 20110046986 | Method and apparatus for insurance vertification - A system and device provides an indication signal perceivable by an observer of a vehicle as to whether that vehicle is covered by a valid insurance policy. A database of policy information is consulted by a control system that, in turn, generates a control signal that is transmitted to an indicator device on vehicle to control whether the indicator device signals that a valid insurance policy is in place or is not. | 02-24-2011 |
| 20110054948 | FIDUCIARY CASH FLOW DATA MANAGEMENT - In an embodiment, a fiduciary deposit business object may be used to manage data relating to cash flow instruments. The business object may be structured in an embodiment to include a plurality of tables, including transaction, collateral, activity, cash flow, and/or adjustment tables. In an embodiment, when a settlement activity is recorded in the business object, a financial calculation procedure may be initiated. The financial calculation procedure may use data stored in the tables in a financial calculation, such as a gain/loss calculation, based on the location of the data in a specific table, such as whether the data was recently added. After completing the financial calculation, data in the business object may be updated and/or a result may be sent to an accounting system. Additional data, such as data in the collateral and other tables, may also be sent to the accounting system depending on accounting reporting requirements. | 03-03-2011 |
| 20110054949 | METHOD, SYSTEM & APPARATUS FOR GENERATING DIGITALLY ENCODED ELECTRIC SIGNALS REPRESENTING A CALCULATION - A method, apparatus and system for computing mortgage insurance premiums for shared equity mortgages are disclosed. Such shared equity mortgages rank behind a conventional interest bearing first mortgage and both mortgages are secured over the same property. Details of the mortgages and property are stored in the data store of a computer system. The future sale price at predetermined future dates for each property is estimated in order to calculate each possible future loss in the event that the shared equity mortgage is terminated at each future date. This information and an estimated probability of termination at each future dates are used to calculate an appropriate insurance premium. | 03-03-2011 |
| 20110054950 | METHOD AND SYSTEM FOR PROVIDING A COMBINATION INCLUDING AN INSURANCE POLICY AND A SAVINGS PLAN - The invention provides a combination of an insurance policy and a savings plan in which a periodic deposit is made. The insurance policy stipulates that a depositor is indemnified for expenses incurred for a medical or cosmetic treatment requiring body material of the type deposited by a depositor in depository. The savings plan specifies that an accrued value of the savings plan may be utilized to defer costs of maintaining the body tissue or body organ in the depository if the depositor ceases to pay a predetermined periodic service payment to the depository. The invention also provides a system for a method for providing the combination of the invention, and a system for carrying out the method of the invention. | 03-03-2011 |
| 20110054951 | SYSTEM AND METHOD FOR AUTOMATING THE ASSEMBLY, PROCESSING AND DELIVERY OF DOCUMENTS - A system for automating the assembly, processing and delivery of documents includes a plurality of transport clients, a work queue, a scheduler, a plurality of rendering objects, a plurality of transport objects and a routing table. The transport clients are each responsible for acquisition of data necessary to generate the response. Once a work item is received from a transport client, it is added to the work queue. The scheduler manages the work queue including sending work items to an identified rendering object and thereafter to a transport client. Each of the rendering objects includes knowledge of the database as well as processes for extracting information from a database and applying rules on the extracted data. The scheduler assigns work items to be processed by the rendering objects, and once completed, the work items are returned to the scheduler for further processing by a transport object. The transport object uses the work items to create a document including how the document will appear, and also handles the routing of the document as specified in the information request created by the transport client. The transport objects work with the routing table for resource allocation, resource availability, and local or remote processing, and time of processing. | 03-03-2011 |
| 20110060609 | System For Marketing Using Text Messaging - Disclosed is a system and method for marketing using text messaging. Different keywords are provided for different media persons and/or outlets, and announcements are broadcast instructing listeners to send a text message to a particular number. In the text, the listener is asked to include a keyword with the text in order to receive a rate quote. When an interested listener texts in the key word to the number provided, he or she is presented with a URL, which when selected, enables them to submit information, e.g., age, sex, and zip code. After submitting the information, they receive a quote on the browser of their mobile phone. | 03-10-2011 |
| 20110060610 | COMPUTER SUPPORT FOR MULTI-JURISDICTIONAL INVESTMENT - Machine and related manufacturer controlling multi-jurisdictional investment; a computer system arranged to receive information and locate said information into a memory, the information including investment specifications and pricing data for the financial product, the computer system further including: an input device for receiving the information and converting the information into signals; a program control to compute, from said signals, for calculating respective valuations of parts of investment in respective jurisdictions and a program control to trigger printing documentation, including said valuations, to carry out the implementation of the parts in the respective jurisdictions. In variations thereof, such as optimizing, separating, valuation, and execution are supported. | 03-10-2011 |
| 20110066452 | SYSTEMS AND METHODS FOR INSURING DIGITAL MEDIA DOWNLOAD TRANSACTIONS - Systems and methods are provided that enable a user to selectively insure purchased digital media items downloaded over a network connection. In one embodiment, a method is provided that includes the steps of receiving first user data from a user at the digital media system to request the purchase of a selected digital media item from a content provider, providing a message to the user to offer loss insurance for the selected digital media item, and receiving second user data at the digital media system to indicate whether the loss insurance offer is accepted. Acceptance data is transmitted to the content provider via the digital network to indicate whether the loss insurance offer is accepted. | 03-17-2011 |
| 20110066453 | METHOD AND SYSTEM FOR AN ENHANCED STEP-UP PROVISION IN A DEFERRED VARIABLE ANNUITY WITH A RISING GUARANTEED STEP-UP - A computer implemented data processing system and method administers a deferred variable annuity contract during the accumulation phase for a relevant life. The annuity contract has a payment base value, a contract value, and a step-up provision. Administration of the product determines whether a step-up of the payment base value is applicable. If applicable, the product determines a step-up, wherein the step-up is guaranteed at a predetermined percentage. The investments of the deferred variable annuity contract are not limited to a specific asset allocation in order to qualify for the step-up provision. | 03-17-2011 |
| 20110066454 | Risk Modeling System - A system including a general-purpose decision support and decision making predictive analytics engine that is able to find patterns in many types of digitally represented data. Given data that represents a random collection of points, the system finds these internal patterns employing an inductive principle called structural risk minimization that separates the points with the maximum margin. Internal patterns in the initial data are inductively determined by employing structural risk minimization to separate the points with a maximum margin. A model based on the internal patterns in the data is then generated, and the model is used with new data to generate predictions by evaluating the new data for similarities to the model. The model is implemented to facilitate decision making processes. Special features are provided to validate incoming data, preprocess the data, and monitor the data to improve the integrity of modeling results. Results are delivered to users by a reporting capability that facilitates the decision making processes that are inherent to a business enterprise. | 03-17-2011 |
| 20110071854 | HEALTH CARE PAYMENT ESTIMATOR - To take into account the various specifics of health care information available to the health plan members and health care providers in the context of estimating the members' out-of-pocket payments, embodiments of the invention are used to provide an electronic health care information system with custom interfaces and underlying processing optimized for the health plan member and health care provider contexts. Embodiments of the health care information system construct a pseudo-claim based on the information gathered via the member or provider interfaces and provide an accurate real-time estimate of the member's out-of-pocket responsibility based on adjudicating the pseudo-claim by taking into account the details of the member's health plan and current benefit levels. | 03-24-2011 |
| 20110071855 | METHOD AND SYSTEM FOR EVALUATING INSURANCE LIABILITIES USING STOCHASTIC MODELING AND SAMPLING TECHNIQUES - In computer-implemented methods and systems for estimating financial modeling outcomes, financial data segmented into a number (x) of classes and scenario data for a set of model scenarios are processed to obtain an estimated model outcome distribution. The class segments are mutually exclusive and collectively exhaustive of the financial data. Multiple model tests are performed with samples of the financial data until a cumulative model outcome distribution is within a pre-determined acceptable tolerance limit from a distribution of fully assessed model outcomes obtainable by performing a single test of the scenarios using all of the financial data. The number (x) of classes, the sample size (z), and a number (y) of times that the tests are performed ensure that the cumulative model outcome distribution is within the pre-determined acceptable tolerance limit from the distribution of fully assessed model outcomes. | 03-24-2011 |
| 20110071856 | SYSTEM AND METHOD FOR DYNAMIC REAL TIME INSURANCE LITIGATION MANAGEMENT - According to some embodiments, for each of a plurality of insurance claims, an insurance claim file is established and associated with: (i) a litigation matter, (ii) a remote legal representative, and (iii) a remote claim adjuster. Hours associated with the remote legal representative may be tracked and allocated to insurance claim files as appropriate. Legal events associated with the litigation matter may also be tracked, wherein at least some of the legal events are associated with a stored document accessible to the legal representative and not accessible to the claim adjuster. A first legal event associated with a first insurance claim file may be evaluated based on a pre-determined rule, and, responsive to the evaluation, an alert may be transmitted to the remote claim adjuster associated with the first insurance claim file. | 03-24-2011 |
| 20110071857 | System and Method for Management of Financial Products Portfolio Using Centralized Price and Performance Optimization Tool - A computer-implemented method controls commercial transactions involving a portfolio of financial products by conducting business operations related to commercial transactions between a bank and consumer involving purchase and utilization of the financial products, collecting transactional data related to the financial products, and providing a centralized modeling and optimization tool to predict customer response to changes in an attribute of a financial product under evaluation based on the transactional data and to optimize the variable of the financial product under evaluation. The modeling and optimization tool is configurable to evaluate the financial products in the portfolio under KPIs and business rules selected according to the financial product under evaluation. The optimized variable is transmitted to the bank. The movement and utilization of the financial products between the customer and bank is controlled in accordance with the predicted customer response to changes in the optimized variable of the financial product. | 03-24-2011 |
| 20110071858 | METHOD AND APPARATUS FOR MANAGING REVISIONS AND TRACKING OF INSURANCE POLICY ELEMENTS - An insurance policy management computing system ( | 03-24-2011 |
| 20110071859 | Method and Apparatus for Pricing Insurance Policies - An insurance policy management computing system ( | 03-24-2011 |
| 20110071860 | Electronic System for Healthcare Insurance Accounts Receivable and Patient Financing - Systems and methods for managing healthcare service provider accounts receivable relative to insurance revenue cycles and/or consumer debt revenue cycles are described. The systems and methods include a web-based electronic infrastructure for a service provider (e.g., medical, dental, etc.) revenue cycle. The dental revenue cycle of an embodiment comprises a direct insurance revenue cycle (DIRC), a dental consumer debt revenue cycle (DCDRC or Patient Financing System (PFS)), and a combined dental insurance and consumer debt revenue cycle running under and/or in association with a processing system embodied in an electronic dental finance platform (eDentaFi) platform. | 03-24-2011 |
| 20110077975 | SYSTEM AND METHOD FOR RFID-ENABLED TRACKING OF INSURANCE CLAIMS PACKAGES AND PAYMENTS - A computerized system for RFID-enabled tracking and automated processing of insurance claims packages includes a package generation module, a package dispatching module, a package receiving module, and a package check module. The system generates, processes, and tracks the processing status of RFID-tagged insurance claim packages. Each RFID-tagged insurance claim package includes at least one document with an associated RFID device encoded with information including an identifying indicator. The system modules query each associated RFID device to determine how each RFID-tagged insurance claim package should be handled. | 03-31-2011 |
| 20110077976 | SYSTEM AND PROCESS FOR DISPENSING VALUE IN RESPONSE TO AN AUTHORIZATION OVER AN ELECTRIC DATA NETWORK - An insurance payment distribution system is disclosed for distributing data representative of money from a central station to selected individuals to be used at selected locations. The system includes a plurality of distribution payment cards and a remote card processing unit. The distribution payment cards are useable at the selected locations. Each payment card is capable of receiving information representative of a certain amount of money, and is capable of receiving information representative of permitted locations at which the each card may be used. The remote card processing unit is in communication with a computer network including a central computer system. The remote card processing unit is for modifying the information receivable on the cards responsive to information received via the computer network. | 03-31-2011 |
| 20110077977 | METHODS AND SYSTEMS FOR DATA MINING USING STATE REPORTED WORKER'S COMPENSATION DATA - A worker compensation data mining computer system includes a data collection computer interface receiving worker's compensation data, optionally stored by a third party data provider or a state database, and a data mining computer processing unit analyzing the worker's compensation data to determine trends in the worker's compensation data. The data mining computer processing unit generates one or more of the following: a fraud communication, a model, a predictive variable, a marketing communication, a sales communication, a pricing communication, a prospecting communication, a ratings communication, a sales communication, and an underwriting communication. The system also optionally includes a modeling computer processing unit, that analyzes one or more of the worker's compensation data, underwriting models, sales models, pricing models, ratings models, marketing models, fraud models, and prospecting models, to determine whether to modify the at least one of the models. Computer implemented methods of generating alerts, insurance premiums, pricing an insurance policy, and alternative embodiments are also disclosed. | 03-31-2011 |
| 20110077978 | Collateral damage contracts - A method for marketing, underwriting, and providing coverage for damages that are associated with insured loss events but that are not covered by traditional insurance policies. This method permits the marketing of loss expense coverage, underwriting, and claim adjustment processes of insurance to be performed by reference to the loss payments that are made by a specified insurance policy. By referencing insured loss payments, which both a buyer and a seller understand, this method provides an easy way to communicate and transact something that is otherwise difficult or impossible to define or measure. | 03-31-2011 |
| 20110077979 | LIFETIME INCOME - The present invention provides an investment option known as a lifetime income share. Lifetime income shares mitigate survival risk, the risk that an individual will outlive his or her assets. More specifically, the purchase of a plurality of lifetime income shares guarantees an individual a predetermined, periodic income payment for the life of the purchaser. The guaranteed stream of monthly income commences at a specified age. Furthermore, the guaranteed stream is utilized to supplement an existing income level or provide income in the event that the individual outlives his or her accumulated liquid assets. | 03-31-2011 |
| 20110077980 | AUTOMATED PROCESSING OF ELECTRONIC MEDICAL DATA FOR INSURANCE AND DISABILITY DETERMINATIONS - Methods and systems are described for automated processing of medical data for insurance and disability determinations. Based on medical conditions claimed by a claimant, medical evidence queries are automatically generated to provide instructions to medical providers for conducting physical exams and laboratory tests and for retrieving medical records. After medical evidence is collected according to the queries, the medical evidence and related rating codes and decisions are displayed to rating personnel in a user-friendly format to assist in making a rating decision. | 03-31-2011 |
| 20110077981 | AUTOMATED PROCESSING OF ELECTRONIC MEDICAL DATA FOR INSURANCE AND DISABILITY DETERMINATIONS - Methods and systems are described for automated processing of medical data for insurance and disability determinations. Based on medical conditions claimed by a claimant, medical evidence queries are automatically generated to provide instructions to medical providers for conducting physical exams and laboratory tests and for retrieving medical records. After medical evidence is collected according to the queries, the medical evidence and related rating codes and decisions are displayed to rating personnel in a user-friendly format to assist in making a rating decision. | 03-31-2011 |
| 20110077982 | SYSTEM AND METHOD FOR ADMINISTRATION OF LIFE INSURANCE POLICY WITH ACCELERATED BENEFITS - A computer system for administering a life insurance policy is configured to, responsive to receipt of certification that the insured has either loss of ability to perform two activities of daily living or cognitive impairment, provide instructions to pay an owner of the policy, in periodic payments, an accelerated benefit, the accelerated benefit being in an amount less than the death benefit, a first of the periodic payments being for a time period commencing on a date of receipt of the certification, and continuing until the insured no longer has the loss of ability to perform two activities of daily living or cognitive impairment. The system is further configured to, responsive to each of the periodic payments, determine a reduction of the amount of the death benefit by an amount of each of the periodic payments. | 03-31-2011 |
| 20110082712 | APPLICATION OF BAYESIAN NETWORKS TO PATIENT SCREENING AND TREATMENT - According to one aspect of the invention, health insurance claim data for a first group of individuals is obtained to generate a training corpus, including a training set of claim data and a holdout set of claim data. The first group of individuals represents enrollees of one or more first health insurance plans and the health insurance claim data represents historic insurance claim information for each individual in the first group. A Bayesian belief network (BBN) model is created by training a BBN network based on the training set of claim data using predetermined machine learning algorithms. The BBN model is validated using the holdout set of claim data. The BBN model, when having been successfully validated, is configured to identify at least one of individuals with risk for a disorder and individuals with risk who are most likely to benefit from intervention and treatment for the disorder. | 04-07-2011 |
| 20110082713 | Enhanced transaction resolution techniques - A method for completing a transaction is presented. The method comprises establishing network communications between a user and a server, receiving information, at the server, regarding the transaction, seeking available information pertinent to the transaction from at least one source external to the server and the user, processing data from the available information using a rules based engine including rules established on behalf of a party to the transaction located at the server, and presenting an offer set to the user based on at least one decision made by the rules based engine. The transaction may be one according to a variety of scenarios, and the user may be an appropriate party to the transaction. The user may employ various devices to contact the server and seek to complete the transaction. | 04-07-2011 |
| 20110087504 | SYSTEM AND METHOD FOR AGGREGATING DATA OF MULTIPLE LEAD PROVIDERS - A competitive pricing analysis system and method has a central database with a first bridging application or interface that enables lead providers to provide lead data in a variety of formats. A second bridging application or interface enables clients to retrieve leads from the database and to provide a set of leads to a rating engine. The rating engine then generates premiums from the leads for a plurality of companies. Based on the generated premiums and a comparison thereof, a company is able to analyze their competitive position in the current marketplace. | 04-14-2011 |
| 20110087505 | METHOD AND SYSTEM FOR DAMAGE REPORTING AND REPAIR - The present invention provides a system and method for the reporting and repair of damage to a vehicle. The system and method may provide a convenient and direct connection between consumers and repair entities. Such a connection allows repair entities and consumers to circumvent insurance steering practices. In some exemplary embodiments a user is able to develop and maintain a preferred group of repair entities. In some embodiments, an electronic device may search for, and allow a user to connect directly to, service companies like rental agencies. Some exemplary embodiments described herein also facilitate the collection and reporting of information related to an accident. In some embodiments, emergency services or other services, such as rental companies, may be located and informed of the accident. Information may be collected and stored for use by repair entities or insurance companies. | 04-14-2011 |
| 20110093299 | SYSTEMS AND METHODS FOR ADMINISTERING COMPREHENSIVE PROTECTION PLANS - Systems, methods means and computer program code for administering comprehensive protection plans are provided which include a computer system to process an insurance claim, the system having a first policy database storing policy data associated with a first type of insurance, a second policy database storing policy data associated with a second type of insurance, a requestor device and a claims processing system for receiving an insurance claim associated with a customer, determining that the claim involves a single loss event and more than one type of property damage, retrieving from the first policy database, information associated with a first policy of the customer and at least a second policy of the customer, the information including a first deductible associated with the first policy and a second deductible associated with the second policy, determining which of the first and second deductible to apply to the claim, and updating the first and second policy databases based on the determined deductible. | 04-21-2011 |
| 20110099035 | METHOD AND SYSTEM FOR PROVIDING A FIXED RATE ANNUITY WITH A RESET INTEREST RATE FEATURE - A data processing method and system administers a deferred annuity product during the accumulation phase of a contract term. The annuity product permits the client to select both an interest rate which is reset periodically (reset rate) and an interest rate which is guaranteed for multiple years (MYG rate), during the same contract term. The client may elect to automatically switch from the reset rate to the MYG rate, for the remainder of the contract term, when the reset rate falls below the MYG rate. | 04-28-2011 |
| 20110106567 | SYSTEM AND METHOD FOR INTELLIGENTLY TRACKING AND MANAGING CLAIM BASED CALCULATIONS - A method, system, apparatus, and computer-readable medium for managing and administering a spreadsheet-driven additional living expense calculators are disclosed. Third party data provides data input to the dynamic calculator and validation rules are implemented to preserve data integrity for calculating additional living expenses for policyholders. The system includes a graphical visual interface adapted to receive input of and display a plurality of additional living expense related values, an external data module for communicating one or more additional living expense related values for display on the graphical visual interface, a validation engine for validating the additional living expense values, the validation engine configured to compare a plurality of additional living expense input values with a plurality of additional living expense reference values, and to provide a visual indication based upon one or more of the comparisons, a calculation module for determining one or more payment values based on the validated additional living expense values and a communications module for providing instructions related to payment of the calculated additional living expense values. | 05-05-2011 |
| 20110106568 | SYSTEM AND METHOD FOR CALCULATING AND APPLYING INSURANCE PRODUCT DISTRIBUTION FEES - According to some embodiments, for each of a plurality of insurance contracts, a processor is operative to identify one or more premium payments and identify a distribution fee rule applicable to each of the premium payments. The processor is operative to compute, using the distribution fee rule, a distribution fee associated with each of the premium payments and calculate a total distribution fee associated with the contract based on a total of the distribution fees associated with each of the premium payments. The processor is further operative to update a value of said contract based on the total distribution fee. | 05-05-2011 |
| 20110106569 | SYSTEM AND METHOD FOR AUTOMATED RISK MANAGEMENT APPRAISAL - The invention is a system and method of appraising and managing risk relating to technology needs using a risk management processing engine. The risk management processing engine serves as a central server for an administrator to manage a plurality of policy holders and third party service technicians. The invention gathers policy holder data, determining the risk associated with the data, creating a risk management policy for technology service events and technology service situations in order to mitigate or eliminate the risk, and resolving serviceable events when risk is actualized. | 05-05-2011 |
| 20110106570 | HEALTHCARE ELIGIBILITY TRANSACTIONS - Methods and systems permit registration of a service provider and permit eligibility information to be provided to the service provider. Registration information is received over a financial network from a point-of-sale terminal. The registration information has an identifier associated with the point-of-sale terminal and an identification of the service provider. The identifier is associated with information identifying a device disposed at a location of the service provider in a database, permitting a communication path to the device to be established. A confirmation of registration of the point-of-sale terminal is transmitted to the device over the communication path. | 05-05-2011 |
| 20110106571 | SYSTEM FOR MAKING REPORT WITH AUTHENTICATED IMAGE - Making a report with an authenticated image includes certifying an imaging time of an image captured by a portable terminal with a camera with an objective time to authenticate image information. A report making program for making a work report is downloaded in the portable terminal by a Web browser from a web server. Report data such as an image and information inputted according to the report making program is sent from the portable terminal to the web server. The web server transfers the report data to a document management program. The document management program automatically sorts the report data according to an information category of the report data and stores the report data. The imaging time of the image information included in the report data or the image information contained in the report made based on the report data is authenticated with a reference time of the web server. | 05-05-2011 |
| 20110106572 | METHOD AND SYSTEM FOR EVALUATING INSURANCE LIABILITIES USING STOCHASTIC MODELING AND SAMPLING TECHNIQUES - In computer-implemented methods and systems for estimating financial modeling outcomes, financial data segmented into a number (x) of classes and scenario data for a set of model scenarios are processed to obtain an estimated model outcome distribution. The class segments are mutually exclusive and collectively exhaustive of the financial data. Multiple model tests are performed with samples of the financial data until a cumulative model outcome distribution is within a pre-determined acceptable tolerance limit from a distribution of fully assessed model outcomes obtainable by performing a single test of the scenarios using all of the financial data. The number (x) of classes, the sample size (z), and a number (y) of times that the tests are performed ensure that the cumulative model outcome distribution is within the pre-determined acceptable tolerance limit from the distribution of fully assessed model outcomes. | 05-05-2011 |
| 20110112869 | ONLINE TRANSACTION HOSTING APPARATUS AND METHOD - An invention is disclosed relating to an apparatus and method for hosting transactions over a network such as the Internet. Sellers post offers to sell under a listing belonging to an organized database of listings. Likewise, buyers post offers to buy. A matching module selects offers to sell and matches them to offers to buy based on a predefined criteria. Before posting offers to sell or buy, buyers and sellers may be presented with data concerning the market for the product that is the subject of the offer. A sale is consummated between the buyer and seller of the matched offer to buy and offer to sell. Consummation may include assessing the risk of fraud posed by the matched buyer and matched seller. Fees may be charged to the matched buyer, the matched seller, or both as insurance against fraud. Payment may be made by the buyer directly to the seller or to a host hosting the apparatus and method for conducting the transaction. Payment is forwarded to the seller by the host upon confirmation by the buyer that a product has been received in good order. An automated, or partially automated, dispute resolution process may resolve disputed transactions. | 05-12-2011 |
| 20110112870 | SYSTEM AND METHOD FOR ADMINISTERING TELEMATICS BASED REINSURANCE POOLS - A data processing system includes a processor that is configured for determining a percentage share to assign a share of relative risk in an insurance pool between an insurer, a first safety vendor and at least one other safety vendor. The processor is further configured to allocate portions of the insurance pool among the insurer and the safety vendors according to the determined shares assigned to the insurer and the safety vendors, to aggregate by the insurer loss information related to the insurance pool, and transmit the loss information to the safety vendors. Also, the processor is configured to allocate portions of a claim liability or a received premium associated with the insurance pool among the insurer and the safety vendors according to the determined shares assigned to the insurer and the safety vendors. The data processing system also includes a memory for storing the determined shares assigned to the insurer and the safety vendors. | 05-12-2011 |
| 20110112871 | HEALTH CARE BENEFITS CLAIMS REVIEW AND RECOMMENDATION SYSTEMS AND METHODS - Systems and methods are provided herein that provide for health care pricing analysis and recommendation. | 05-12-2011 |
| 20110112872 | SYSTEM AND METHOD OF MANAGING AN INSURANCE SCHEME - A method of managing an insurance policy includes storing in a memory a policy inception interest rate level which is an interest rate level payable on debt of the insured person. After the policy inception an interest rate level payable on debt of the insured person at that time is determined and compared with the inception interest rate level. If the determined interest rate level is higher than the inception interest rate level then a debt protector amount to be paid to the insured person is calculated and on the occurrence of an insured event the debt protector amount is paid to the insured person or their nominated beneficiary. | 05-12-2011 |
| 20110112873 | System and Method for Electronically Monitoring, Alerting, and Evaluating Changes in a Health Care Payor Policy - In one or more embodiments, a contract management system provides an alert sub-utility that includes web-based data mining tools to automatically detect changes to a carrier's website and a notification sub-utility for packaging and communicating these changes. These data mining tools parse through XML tags nested within a tree of the carrier's website and determine whether any changes have been made to the web document. These XML tags allow the data mining tool to focus its efforts in extracting particular data of interest. Once the changes of interest have been extracted, the notification sub-utility of one or more embodiments of the present invention creates and communicates an alert to the healthcare provider. The methods and systems of one or more preferred embodiments provide healthcare providers with a more focused and timely alert of changes to a carrier's policy. Further, they provide the health care provider with historical revenue data in combination with the policy change alerts. | 05-12-2011 |
| 20110112874 | METHOD AND SYSTEM FOR PROVIDING AN INSURANCE POLICY HAVING DORMANCY FEATURES - An insurance policy having a dormancy provision is provided in which the dormancy provision enables a policyholder to activate and deactivate benefits provided under the insurance policy. Also provided is a method for enabling a holder of an insurance policy with a dormancy provision to activate and deactivate benefits of an insurance policy, and includes purchasing an insurance policy having a dormancy provision and a set of associated benefits, paying premiums to maintain the set of benefits in an active state, deactivating the set of benefits; paying dormancy premiums to maintain the set of deactivated benefits in a deactivated state, and reactivating the set of deactivated benefits. | 05-12-2011 |
| 20110119093 | SYSTEM AND METHOD OF MANAGING AN INSURANCE SCHEME - A method of managing an insurance policy includes defining a plurality of mechanisms to protect an insured person from adverse financial outcomes. A selection of at least one of the plurality of mechanism is received from the insured person and stored the selection in a memory. On the occurrence of an insured event, the stored selection is retrieved and a basic insurance amount to be paid to the insured person based on an insurance policy of the insured person is calculated. The method then includes determining based on the stored selection of mechanisms if the insured person has suffered any adverse financial outcomes since the inception of the policy and if so then calculating a further financial protector amount to be paid to the insured person based on the stored selection of mechanisms. Finally, the basic insurance amount and further financial protector amount are paid to the insured person or their nominated beneficiary. | 05-19-2011 |
| 20110119094 | Apparatus and method for providing employee benefits and/or employee benefits information - A computer-implemented method including storing or processing information regarding a health, disability, or life, insurance benefit, included in an individual benefits account of or for an employee, wherein the benefit relationship is established pursuant to or during a first employment relationship between the employee and a first employer, storing or processing information for providing or maintaining the benefit provided to the employee pursuant to or during a second employment relationship between the employee and a second employer, receiving a request for information regarding the benefit, processing the request for information regarding the benefit with a processing device, generating a message in response to the processing of the request, and transmitting the message to a communication device associated with the employee, a benefit beneficiary, the second employer, and a benefit administrator. | 05-19-2011 |
| 20110119095 | SYSTEM AND METHOD FOR ADMINISTERING A LIFETIME INCOME SHARE PLAN - The present invention provides a system and method for administering an investment option known as a lifetime income share. Lifetime income shares mitigate survival risk, the risk that an individual will outlive his or her assets. More specifically, the purchase of a plurality of lifetime income shares guarantees an individual a predetermined, periodic income payment for the life of the purchaser. The guaranteed stream of monthly income commences at a specified age. Furthermore, the guaranteed stream is utilized to supplement an existing income level or provide income in the event that the individual outlives his or her accumulated liquid assets. | 05-19-2011 |
| 20110119096 | Method And System For A Deferred Variable Annuity With Benefit Payments As A Function Of An Age-Based Withdrawal Percent - A computer system for processing data relating to a deferred variable annuity contract during the accumulation phase includes a data storage device storing data relating to the deferred variable annuity contract, including a payment base value, a contract value, a withdrawal percent, a birth date of a relevant life, and a formula for determining, based on the withdrawal percent and a withdrawal base value, an available periodic benefit payment amount that does not decrease the payment base; and a processor. The processor is configured to determine a withdrawal percent applicable to a date, based on whether the date is prior to a date of a selected birthday of the relevant life. | 05-19-2011 |
| 20110125536 | SYSTEM AND METHOD FOR ADMINISTERING INSURANCE POLICIES ISSUED BEFORE COMPREHENSIVE UNDERWRITING - A computer system for administering applications for life insurance has a processor and a memory storage device in communication with the processor. The processor is configured to receive data indicative of an application and an initial premium payment from a proposed insured for life insurance; based on the received data, determine whether the proposed insured is eligible for life insurance issued before completion of comprehensive underwriting; responsive to a determination that the proposed insured is eligible, generate an output signal having data indicative of a decision to respond to the application by issuing a policy and by commencing a comprehensive underwriting process. The processor may be configured to receive data indicative of a result of the comprehensive underwriting process and based on the result of the comprehensive underwriting process, provide an output signal indicative of policy changes. | 05-26-2011 |
| 20110125537 | SYSTEM AND METHOD FOR APPLICATION PROCESSING AND POLICY ADMINISTRATION FOR INSURANCE POLICIES ISSUED BEFORE COMPREHENSIVE UNDERWRITING - A computer system for administering applications for life insurance has a processor and a memory storage device in communication with the processor. The processor is configured to receive data indicative of application data and data indicative of a health of a proposed insured; based on the received data, determine whether the proposed insured is eligible, and generate an output signal to cause a policy to be generated and comprehensive underwriting to commence. Upon completion of comprehensive underwriting, additional policy documents may be determined. Calculations of commissions and reinsurance premiums may be made upon issue of a policy and recalculated upon completion of comprehensive underwriting. | 05-26-2011 |
| 20110131063 | METHOD OF GENERATING FINANCING - A method of generating financing comprising selecting a group of private investors and pairing them with an investment grade irrevocable guarantor program. The method includes obtaining a government agreement to cover the irrevocable guarantee in exchange for purchasing a benefit settlement wrap to offset the irrevocable guarantee, if needed. Providing a business with investment funds from said investment grade irrevocable guarantor program and paying investors a profit from sale of said benefit settlement wrap if said business succeeds. Covering said irrevocable guarantee from the same of said benefit wrap if said business fails. | 06-02-2011 |
| 20110131064 | INSURANCE COMPANY TERMINAL, CONTROLLING COMPANY TERMINAL, INSURANCE MANAGEMENT METHOD AND INSURANCE MANAGEMENT SYSTEM - There is provided an insurance company terminal which includes a communication unit that performs communication with a sales company terminal, a storage unit that stores an amount of insurance money settled when a user dies, a user information update unit that acquires a price of an article or service purchased by the user as a purchase price from the sales company terminal via the communication unit and causes the storage unit to store the purchase price, and a settlement processing unit that subtracts the purchase price from the amount of the insurance money stored by the storage unit. | 06-02-2011 |
| 20110131065 | METHOD, SOFTWARE PROGRAM, AND SYSTEM FOR STRUCTURING RISK IN A FINANCIAL TRANSACTION - A computer-implemented method, system, apparatus, and media is directed to minimizing a risk associated with an anticipated value of an investment. An insurer establishes a capital structure within a computer memory of a computer system, the capital structure designed to minimize risk and structured with regulatory capital and a cash stream that is pledged to fund a default associated with the investment. Establishing the capital structure can include allocating regulatory capital based on a coverage factor multiplied by an average annual depression scenario default percentage for the investment and determining a portion of the capital structure for a pledged insuring investment that produces at least a portion of the cash stream. A determination of whether the established capital structure is sufficient to obtain a minimal target credit rating for the insurer is generated. The desired target rating is electronically provided based on the determination. | 06-02-2011 |
| 20110131066 | METHOD, SOFTWARE PROGRAM, AND SYSTEM FOR STRUCTURING RISK IN A FINANCIAL TRANSACTION - The invention relates to a computer-implemented method, system and non-transitory medium for managing debt instrument. Insuring for a default of a debt is managed by establishing an insuring debt related to an insured debt of a debtor based on an insured debt amount of the insured debt. The debts can be bonds issued by a municipality. A first loss class and a second loss class can be allocated in an insuring trust. A first class holder can be entitled to a payment from the insuring debt based on a debt owed to the first class holder from an established insuring fund of the insuring trust. The insuring fund is used to insure for a default of the insured debt. If the insured debt is not in default, the payment is diverted to the first class holder. Otherwise, the payment is intercepted, and an insuring payment from the insuring fund is paid to a holder of the insured debt to cure the default. | 06-02-2011 |
| 20110131067 | METHOD, SOFTWARE PROGRAM, AND SYSTEM FOR STRUCTURING RISK IN A FINANCIAL TRANSACTION - A computer-implemented method, system, apparatus, and non-transitory media is directed to providing a graphical user interface for insuring a default of debts specified in financial instruments. A computer system establishes a capital structure which includes an insuring debt related to an insured debt of a debtor based on an insured debt amount representing at least a proportion of the insured debt. A first loss class and a second loss class is allocated for an insuring trust. The capital structure is simulated, including a payment payable from the insuring debt to a first class holder in the first class, wherein the first class holder is entitled to the payment based on a debt to the first class holder of an insuring fund of the insuring trust. An user interface provides a simulation of the capital structure including an insuring scenario based on various alterable inputs. | 06-02-2011 |
| 20110131068 | IN KIND PARTICIPATING PREFERRED SECURITY - The present invention is generally directed to systems and methods for creating a new hybrid financial instrument, which addresses key concerns of investors and meets the financing requirements of investee companies. An embodiment of the present invention describes a new type of security called an “in-kind participating preferred security” (IPPS). The IPPS contract entitles the holder to a contingent in-kind dividend, payable periodically in the commodity produced by the issuer or in cash, which ever is of greater value. At expiration, the IPPS is redeemed by the company at its in-kind par value upon origination or in cash, which ever is greater. | 06-02-2011 |
| 20110131069 | SYSTEM FOR MANAGING A STABLE VALUE PROTECTED INVESTMENT PLAN - Method and system to track, reconcile and administer the values of life insurance policies in separate accounts, including Stable Value Protected funds. Accordingly, targeted returns are translated into unit values on a daily basis for each fund. Additionally the system tracks restrictions (e.g., timing, amount of withdrawal and amount of reallocations) on a premium-by-premium basis, and tracks the book value, market value, duration and targeted return on a client-by-client basis. The system calculates and tracks the payments and credits applicable to a withdrawal or reallocation request, in addition to the liquidation schedules for each fund based on the payment amounts and credits of specific funds. Additionally, daily unit values are calculated given a periodic targeted return (i.e., a quarterly targeted return). | 06-02-2011 |
| 20110131070 | METHOD AND SYSTEM FOR A DEFERRED VARIABLE ANNUITY WITH FLEXIBLE BENEFIT PAYMENTS - A computer implemented data processing system and method processes data associated with a deferred variable annuity contract during the accumulation phase for a relevant life. The annuity contract has a payment base value, a contract value, and available benefit payments. The system stores data indicative of a payout period having a duration greater than a year and a maximum total withdrawal percent for the payout period. The product of the maximum total withdrawal percent and the payment base value is a maximum benefit payment amount that may be withdrawn during the payout period without reducing the payment base value. | 06-02-2011 |
| 20110131071 | SYSTEM AND METHOD FOR INCREASING CAPACITY IN AN INSURANCE SYSTEM - The invention relates, in various aspects to systems, methods, and computer readable media suited for implementing a commonly administered, quota share-based multi-insurer primary insurance system. | 06-02-2011 |
| 20110131072 | METHOD FOR HEALTH PLAN MANAGEMENT - A method for managing health plans includes the use of theoretically derived mathematical models. The methods may be used in the analysis of health insurance products. The method may also assist in the selection of a particular health plan's benefit and contribution strategy. The analysis may further be used in the selection of a health plan's funding arrangement. | 06-02-2011 |
| 20110137684 | SYSTEM AND METHOD FOR GENERATING TELEMATICS-BASED CUSTOMER CLASSIFICATIONS - A method includes a computer which receives telematics data relating to a vehicle operated by a driver. The telematics data is associated with a match index. The match index indicates that the telematics data is pertinent to the driver without indicating the driver's identity. The computer receives other data relating to the driver. The other data is associated with the match index. The computer uses the match index to associate the telematics data with the other data. The computer uses the associated telematics data and the other data to generate a driver classification for the driver. | 06-09-2011 |
| 20110137685 | METHODS AND SYSTEMS FOR PROVIDING CUSTOMIZED RISK MITIGATION/RECOVERY TO AN INSURANCE CUSTOMER - A loss mitigation computer system includes a customer interface electronically receiving customer information data from a customer computer system via a communications network, a risk assessment computer processing module processing the customer information data and identifying at least one peril associated with the customer information data, a risk mitigation computer processing module generating at least one risk mitigation option based on the at least one peril and receiving customer selected risk mitigation options responsive to the generated at least one risk mitigation option from the customer computer system; and a customization computer processing module generating at least one of a calculated insurance premium, a current risk assessment, a future risk assessment, recommendations, and a gap analysis based on the received at least one customer selected risk mitigation option. Various alternative embodiments are also disclosed, including a computer implemented loss mitigation method and/or loss recovery system. | 06-09-2011 |
| 20110137686 | SYSTEM AND METHOD FOR TRANSFERRING LONGEVITY RISK - A method for transferring longevity comprising: receiving an order to trade a financial instrument associated with at least one asset or liability affected by longevity risk; calculating a morbidity description for at least one age of each individual, a survivorship distribution and a mortality distribution, a net cash flow projection distribution, where each distribution value in the net cash flow projection distribution is computed as the probability-adjusted cash in-flow expected over a period, less the probability-adjusted cash out-flow expected over the same period; calculating a net present and net forward value distribution; accepting starting and ending dates over which counterparties wish to exchange the difference to provide at least one exposure period; accepting an input for computing a performance bond; receiving through a computing device, over time, updated mortality information and morbidity information; and recalculating distributions affected to provide recalculated distributions; calculating the difference to be exchanged. | 06-09-2011 |
| 20110137687 | Insurance System - An insurance system for managing insurance for a group of members to be insured is provided. The system includes a group creation tool adapted to receive information relating to the members of the group to be insured and adapted to send the information of the group to an insurance provider and a premium calculator adapted to receive the information of the group and calculate a premium for the group based on said information. | 06-09-2011 |
| 20110137688 | SYSTEM AND METHOD OF HEALTHCARE ADMINISTRATION FOR A GERIATRIC POPULATION - A method of establishing a referral network for the enrollment of individuals in a geriatric healthcare insurance plan comprising identifying an age-eligible population; developing and implementing recruiting strategies to establish a relationship with the age-eligible population; and generating potential members from the age-eligible population for enrollment in a geriatric healthcare insurance plan as senior class members; and engaging senior class members to become ambassadors that represent the geriatric healthcare insurance plan to other potential members. Retention strategies such as a points program and a referral resource network are provided to retain senior class members. The referral resource network is a network of senior class members that are available to offer services to other senior class members, including valuable special skills or knowledge or necessary services. The referral resource network may be accessible to senior class members through a global electronic network, such as the Internet. | 06-09-2011 |
| 20110145019 | SYSTEM FOR FUNDING THIRD-PARTY-ADMINISTERED LOSSES - A computerized system for funding third-party-administered insurance claims includes at least one processor configured to provide a claim data throughput module for receiving at least one claim transaction from at least one third party administrator, an administrative services module for receiving at least one bank transaction from at least one third party administration, for passing at least one bank transaction to a bank, and for receiving at least one paid file from a bank, and a transactions matching engine for validating at least one bank transaction based upon at least one claim transaction, and for determining completion of at least one bank transaction based upon at least one paid file. | 06-16-2011 |
| 20110145020 | Method and system of combining money transfer services with life insurance - The present invention is a new business method that intends to reduce the risk, help, and protect the economic security of the foreign families who are dependants from the income that come from the foreign workers inside the U.S.A. territory. The invention helps by offering protection through a life insurance by combining the Money Transmission Service and the Life Insurance Service. The invention cares for both the worker residing inside the U.S.A. territory and the family members inside foreign territory. | 06-16-2011 |
| 20110145021 | SYSTEMS AND METHODS FOR PROCESSING MEDICAL CLAIMS - The system is an advanced, web-enabled, clearinghouse that facilitates efficient and effective claim routing, monitoring and report retrieval. A claim status summary is displayed that links directly to a rejected claim listing, wherein each rejected claim listed is a link to associated detailed claim information. The detailed claim information display has fields to edit the associated detailed claim information. During the editing process, a rules verification is performed against the edited claim information to ensure the edit comply with the known rules for the associated payer. Upon successfully completing the rules verification, the edited claim is submitted to a payer. | 06-16-2011 |
| 20110145022 | INSURANCE PRODUCT MODEL-BASED APPARATUS AND METHOD - An insurance product model comprising insurance policy metadata is provided ( | 06-16-2011 |
| 20110145023 | System and Method for Incentivizing Insurance Participation Utilizing Social Networking Systems - A computer-implemented method is provide to incentivize a policy holder of an insurance company to increase membership in the insurance company. This method includes the act of, using a processing device, generating a unique code and associating the unique code to each policy holder in a memory associated with a database of policy holders. The method also includes the acts of receiving, in association with a first policy holder, a unique code associated with a second policy holder and, using the processing device or another processing device, associating the unique code of the first policy holder with the unique code of the second policy holder in the memory associated with the database. The method also includes the act of determining, using the processing device or the another processing device, if either of or both of the new policy holder and the another policy holder are entitled to a benefit responsive to the new association between the policy holders. | 06-16-2011 |
| 20110153366 | SYSTEM AND METHOD FOR PRICING AND ISSUING LEVEL PAY DEATH BENEFIT POLICIES - Pursuant to some embodiments, a computer system for pricing a paycheck term policy is provided which includes a processor, a communication device in communication with the processor and receiving an input data set, the input data set including at least an issue age of an insured associated with the policy, a desired death benefit payment amount, an underwriting class associated with the insured, and an interest rate factor. A memory is in communication with the processor and storing program instructions, the processor operative with the program instructions to store a first equation, the first equation defining a present value of cost of death benefit in terms of a plurality of independent variables including the desired death benefit payment amount, a fixed annuity factor, an account value, a present value factor, a probability of survival, and a probability of death, a second equation, the second equation defining a present value of a premium in terms of a plurality of independent variables including the present value factor, the probability of survival factor, the desired death benefit payment amount, the fixed annuity factor, the account value, and the probability of death. The memory stores a third equation, the third equation defining a present value of a cost of return of premium benefit in terms of a plurality of independent variables including a probability of life factor, and a total of premiums paid at a benefit year. The first and second equations are applied to the input data set to generate a pricing dataset for the paycheck term policy, the pricing dataset including at least a present value of a premium and a present value of cost of death benefit. The third equation is applied to the output of said the equation to generate a present value of a cost of return of premium benefit, and the pricing dataset is output. | 06-23-2011 |
| 20110153367 | SYSTEMS AND METHODS FOR LINKING VEHICLES TO TELEMATICS-ENABLED PORTABLE DEVICES - Systems and methods are disclosed herein for transmitting telematics data from a vehicle. The systems include a smartphone holder that provides a communications link between a smartphone and a vehicle computer, through the smartphone dataport and the vehicle onboard diagnostics (OBD) port. The smartphone holder is configured to keep the smartphone in a stable, known position and orientation with respect to the vehicle, such that data from an accelerometer in the smartphone can be calibrated. The smartphone accelerometer data and telematics data from vehicle telematics sensors is then transmitted via the smartphone or stored locally. | 06-23-2011 |
| 20110153368 | User Interactive Reinsurance Risk Analysis Application - A User Interactive Insurance Risk Analysis Application that is web-based which combines user imported insurance portfolios and geospatial technology with output from user defined actions and simulations providing an analysis tool for dynamic management of catastrophic exposures. The user may configure every aspect of the risk analysis application and use a variety of tools and features to create actions and receive risk information of all layers used for analysis. Precise risk information is given to the user due to the many services and modules which make up the risk analysis application, including a loss calculation service and dynamic, multi-dimensional configurable risk data display. The user receives estimated loss values and may configure which pieces of data analysis the user would like to see and how that data is presented without having to drilldown through all the data in the insurance portfolio. | 06-23-2011 |
| 20110153369 | SYSTEM AND METHOD FOR ADMINISTERING AN ADVANCED INSURANCE COMPONENT-BASED PRODUCT - According to some embodiments, a system may be provided including an insurance component selection platform that transmits data to and receives data from an insurance product component storage unit storing one or more self-descriptive components of an insurance coverage. Each of the stored components may have, for example, associated properties defining attributes of the component and one or more values associated with the properties. The components may be selected via a graphical interface generated by the component selection platform to be included in an insurance coverage product. The components may then be combined within constraints of the properties and values of the individual components. An insurance coverage policy may then be presented based on the combination of components. | 06-23-2011 |
| 20110153370 | SYSTEM, METHOD AND PRODUCT FOR INTELLECTUAL PROPERTY TITLE PROTECTION - The system, method and product of the present invention provides protection against an unknown defect in the title of an intellectual property asset (IPA) having various intellectual property rights (IPRs) associated therewith. Through due diligence, a variety of defects or title encumbrances are identified and investigated, and, if possible, cured. | 06-23-2011 |
| 20110153371 | Novel Method and Apparatus for Repricing a Reimbursement Claim Against a Contract - A method for repricing a reimbursement claim under at least one contract is provided herein. The method includes converting each contract into a series of contractual terms, where each contractual terms contains qualification codes, calculation codes and priority notes. The method then converts a claim into a series of claim lines, containing claim codes, unit numbers and corresponding charges for the claim codes. The method then begins to compare comparing each claim code, of the claim, against each qualification code, of each contractual term, of a contract and when a qualification code, of a contractual term, is satisfied by a claim code, of a claim line, the method identifies the contractual term as a matching contractual term associated to the claim line. Upon identifying all matching contractual terms, either to the claim line or the entire claim, the method will determine any priority conditions associated to the matching contractual terms, and eliminate any matching contractual terms that are excluded by the priority conditions. The method then calculates the reimbursement amount for the claim by determining the reimbursement charges for the non-excluded matching contractual terms. The method may then determine and make any adjustments depending upon any discount terms for the entire reimbursement amount. | 06-23-2011 |
| 20110153372 | Extended Web enabled Business to Business Computer System for Rental Vehicle Services - An Internet-enabled rental vehicle reservation management method and system are disclosed. Via the system and method, authorized purchasers can select a rental vehicle service provider from a among a plurality of competitive rental vehicle service providers via at least one graphical user interface (GUI) menu, and the authorized purchasers can further interact with the system and method to (1) automatically book a rental vehicle reservation with a selected competitive rental vehicle service provider without human intervention on the part of personnel of the selected competitive rental vehicle service provider operating the computer system and (2) manage the booked rental vehicle reservation. In an exemplary embodiment, the reservations created and managed through the system and method are replacement rental vehicles and the authorized purchasers are insurance company personnel. | 06-23-2011 |
| 20110161115 | PERSONAL INJURY VALUATION SYSTEM & METHOD - The present invention is a method for calculating a current monetary value of a personal injury claim wherein computers are utilized to store, process, manipulate and analyze information collected from finalized personal injury claims including data representative of the cause of the personal injury, the type of injury sustained, the location where the injury occurred, the amounts paid for medical services and the amounts claimed for medical services to calculate an average settlement multiple which, when multiplied by the current amount claimed as medical damages, yields a current average settlement value. | 06-30-2011 |
| 20110161116 | SYSTEM AND METHOD FOR GEOCODED INSURANCE PROCESSING USING MOBILE DEVICES - Pursuant to some embodiments, insurance systems, methods and devices are provided which include a data storage device for storing, updating and providing access to loss risk score data, a computer processor for executing program instructions and for retrieving the loss risk score data from the data storage device, a memory, coupled to the computer processor, for storing program instructions for execution by the computer processor, a geocoding engine comprising program instructions stored in the memory for geocoding historical loss data and a plurality of loss risk factors, a scoring engine comprising program instructions stored in the memory for calculating a loss risk score for each of a plurality of geographical locations based on said historical loss data and said plurality of loss risk factors, and a communication device, coupled to the computer processor, to output loss risk score data based on geographical location. | 06-30-2011 |
| 20110161117 | INSURANCE PROCESSING SYSTEM AND METHOD USING MOBILE DEVICES FOR PROOF OF OWNERSHIP - Systems, methods and apparatus for creating, analyzing and updating a property inventory are disclosed which include receiving, from a user operating a mobile device, a request to add a new item of property to an insurance inventory associated with an insurance policy, the request including information identifying the new item, at least a first image of the new item, and information identifying a location of the new item. An insurance inventory system is operated to add the new item to an insurance inventory associated with the insurance policy, the updating including computing a total current value of the insurance inventory including the new item. A coverage engine is operated to compare coverage limits associated with the insurance policy to the total current value of the insurance inventory to determine if the total current value is within a coverage limit of the insurance policy. A response is transmitted to the user based on the determination. | 06-30-2011 |
| 20110161118 | INSURANCE PROCESSING SYSTEMS AND METHODS USING MOBI - Systems, methods, apparatus, means and computer program code for operating a mobile device and an insurance processing system are provide which include receiving, from a mobile device, sensor data collected from at least a first sensor of the mobile device, determining, based at least in part on the sensor data, that an activity associated with an insured is not covered by a plurality of insurance coverage rules, and transmitting, to the mobile device, information indicating that an activity is not covered by a plurality of insurance coverage rules. | 06-30-2011 |
| 20110161119 | RISK ASSESSMENT AND CONTROL, INSURANCE PREMIUM DETERMINATIONS, AND OTHER APPLICATIONS USING BUSYNESS - A “busyness” metric is determined for various different objects, such as businesses, roads, vehicles, buildings, locations, transportation systems, communication systems, devices, equipment, and/or systems, using various sensing and/or other technologies. The busyness metric may be used for a broad range of applications, such as assessing and controlling insurance risk, determining insurance premiums, prioritizing tasks, travel, navigation, advertising, and other purposes. | 06-30-2011 |
| 20110161120 | Business Process Automation In A Health Plan Organization - The computer implemented method and system disclosed herein automates business processes of a health plan organization using a plurality of portals. The portals comprise a sales portal, a member portal, an employer portal, an administration portal, and a provider portal. Health plans are listed using the sales portal. A sales agent proposes at least one of the health plans to a consumer using the sales portal. The administration portal generates insurance quotes for the proposed health plans. The consumer enrolls for the proposed health plans using one of the member portal and the employer portal. The consumer is billed for the enrolled health plans based on the insurance quotes using the administration portal. The consumer pays a premium amount online for the enrolled health plans using the member portal or the employer portal. The administration portal then generates commissions for the sales agent for the enrolled health plans. | 06-30-2011 |
| 20110166892 | Systems and Methods for Electronic Health Management - The present invention provides systems and methods for managing patient healthcare from a variety of goal-oriented perspectives. Patients are enabled not only to store and maintain their complete medical, dental or other health records, but also to utilize the data of other patients to maximize the benefit and efficiency of a patient's overall healthcare. The present invention comprises a set of software tools that can be used by a consumer (patient or individual) to take charge of his or her own medical or health care. Systems and methods of the present invention enable a patient(s) to store, research and track healthcare provider information maintained in a dynamic healthcare database. Software tools encompassed within the scope of the present invention allow patients to access, analyze, and utilize stored medical provider data to manage their medical or health care in an unique, personalized and efficient manner that affords the greatest possible benefit to an individual or a patient. | 07-07-2011 |
| 20110166893 | METHOD AND SYSTEM FOR PROVIDING INSURANCE POLICIES VIA A DISTRIBUTED COMPUTING NETWORK - A virtual insurance producer Web site is provided at which a prospective insurance customer may request a bindable premium quotation for an insurance policy. The prospective customer may be asked to provide information relating to the insurability of an individual to be insured by the insurance policy and information relating to the coverage to be provided by the insurance policy. The premium is displayed to the prospective customer as a bindable quotation that binds the insurance company providing the policy and that may be purchased on-line immediately. The prospective customer may purchase the insurance policy according to the provided bindable premium quotation through the virtual insurance producer Web site. If the prospective customer elects to purchase the policy, the virtual insurance producer Web site may re-intermediate an insurance agent into the sales process and transmit the insurance policy to the customer in electronic form. | 07-07-2011 |
| 20110166894 | INSURANCE INCENTIVE PROGRAM FOR PROMOTING THE PURCHASE OR RELEASE OF AN AUTOMOBILE AFTER AN EXPIRATION OF A LEASE - A lessee of an item, such as an automobile, is encouraged to either purchase the automobile at the expiration of the lease, or to initiate a new lease for the same item. If the lessee undertakes a purchase or a new lease, a manufacturer of the item, or another party, provides insurance covering the item. The methods disclosed herein may be performed over a computer network, such as the Internet. | 07-07-2011 |
| 20110166895 | Risk Assessment Company - A Risk Assessment Company (RAC) maintains an up to date Risk Profile Data Base (RPDB) on its members based on their normal periodic updates to the RPDB. The Risk Assessment Company, therefore, can provide risk assessment results which can be utilized by a plurality of insurance carriers to determine an appropriate underwriting class for individual user subscribers who apply for insurance. The Risk Assessment Company can also provide a member with a risk assessment result report containing suggestions on how said person can better manage his or her risk exposure. | 07-07-2011 |
| 20110166896 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO A LIFE INSURANCE POLICY HAVING AN ACCELERATED DEATH BENEFIT - A method for processing data related to a life insurance product having a death benefit amount payable to a beneficiary upon death of an insured includes receiving data indicative of certification that the insured is chronically ill, and responsive to receipt of the data indicative of the certification, providing output signals having data indicative of instructions to pay an owner of the life insurance product periodic payments, during the lifetime of the insured, each of which periodic payments reduces the death benefit amount. | 07-07-2011 |
| 20110173030 | COMPUTER SYSTEM FOR APPLYING PROACTIVE REFERRAL MODEL TO LONG TERM DISABILITY CLAIMS - A computer system includes a data storage module. The data storage module receives, stores, and provides access to data related to long term disability claims. A proactive referral model component is coupled to the data storage module, and determines whether to refer a current claim to an investigation unit. The proactive referral model is based on at least two of the following variables: (a) a variable that indicates that the claimant's diagnosis has changed; (b) a variable that indicates that the current claim in question was brought under any-occupation coverage; (c) a variable that reflects a market segment for a policy under which the current claim in question was brought; (d) a variable that has a value based on a state in which the claimant resides; and (e) a variable that represents an amount of experience of a claims handler who handled the current claim in question. | 07-14-2011 |
| 20110178823 | DEFRAYING TAXES ON CONVERSION OF TRADITIONAL INDIVIDUAL RETIREMENT ACCOUNT TO A ROTH INDIVIDUAL RETIREMENT ACCOUNT - A method for defraying taxes on conversion of a traditional IRA to a Roth IRA is disclosed. The method includes selling the holdings of the traditional IRA, purchasing a bonus annuity with proceeds of the sale of the holdings, designating the bonus annuity as a Roth IRA, waiting for a period of time, withdrawing from the bonus annuity a first amount slated for paying taxes on the conversion, waiting for a period of time, withdrawing from the bonus annuity a second amount, paying at least a portion of taxes on the conversion with the first and second amounts, waiting for a period of time, withdrawing from the bonus annuity a third amount, and paying substantially a remainder of the taxes on the conversion with a remaining portion of the first, second and third amounts, wherein a sum of the first, second and third amounts equal the taxes on the conversion. | 07-21-2011 |
| 20110178824 | MANAGEMENT SYSTEM AND METHOD - A computer-implemented method for managing monetary resources includes establishing an account for depositing and maintaining monetary resources; establishing governing parameters; and utilizing monetary resources based on the governing parameters. | 07-21-2011 |
| 20110178825 | COLLABORATIVE INTELLIGENT TASK PROCESSOR FOR INSURANCE CLAIMS - An insurance claim processing system may include an insurance claim database, an event processor component, a task engine component and a collaborative intelligent task processor. The insurance claim database may be configured to store and provide access to data in a data record that is related to an insurance claim. The event processor component may be executable with a computer to iteratively monitor the data in the data record and identify events. The task engine component may be executable with a computer in response to one of the identified events to generate tasks indicative of information that needs to be acquired based on the contents of the data record. The collaborative intelligent task processor may be executable with a computer to analyze a task generated by the task engine component and select an action plan that is responsive to the task. The action plan may include a first procedure that enables the collaborative intelligent task processor to acquire information related to the insurance claim, and a second procedure that enables the collaborative intelligent task processor to process the information to yield a result responsive to the task. | 07-21-2011 |
| 20110178826 | System and Method for Providing an Insurance Premium for Price Protection - Systems and methods for providing an insurance premium in association with an insurance strike price for a commodity are disclosed. By paying the insurance premium a consumer may obtain price protection for a commodity purchase. In particular, in one embodiment a consumer may obtain the right to be reimbursed for any amount paid over the insurance strike price for the commodity. | 07-21-2011 |
| 20110184766 | Systems and methods for prospecting and rounding business insurance customers - Systems and methods are disclosed herein for identifying potential insurance prospects. The potential customers or prospects are identified by determining prospect underwriting affinity scores, prospect affinity scores, and prospect context scores with predictive models. The scores are then combined into a combined prospect score, which is used to adjust insurance underwriting, workflow, and premium determination processes for the prospects. | 07-28-2011 |
| 20110184767 | Systems and methods for providing a combination financial product - The present invention relates to systems and methods for administering combination annuity products and to combination annuity products themselves. Certain embodiments of the invention can be used in connection with variable universal life insurance and variable life insurance contracts. | 07-28-2011 |
| 20110191125 | SYSTEM AND METHOD FOR IDENTIFYING AND EVALUATING NANOMATERIAL-RELATED RISK - A system, method, and processor-readable medium are provided for quantitatively evaluating risk associated with nanotechnology. An insurance company computing system obtains nanomaterial-related data from a variety of sources, including nanomaterial sensors such as differential mobility analyzers located on-site at an insured facility. The insurance computing system uses the obtained data and a computerized model to compute a risk score that is used in evaluating the insurability of the facility or the operating entity. An insurance policy or modifications to an existing insurance premium are subsequently produced based on the computed risk score. | 08-04-2011 |
| 20110196705 | SYSTEM AND METHOD FOR TERMINATION OF PENSION PLAN THROUGH MUTUAL ANNUITIZATION - Disclosed herein is a system and method for terminating a pension plan through mutual annuitization. A mutual annuitization involves the formation of a new and dedicated mutual insurance company that issues group or individual annuity contracts to plan participants in a private pension plan. The plan sponsor would neither own any stock in the mutual insurance company, nor would it have voting or control rights or any right whatsoever to participate in the profits of the mutual insurance company. As a mutual insurance company, there are no shareholders as such. Instead mutuals have members, and it is the members who enjoy governance rights and participation rights in the company's profits, such as through policy dividend payments. In the mutual insurance company of the present invention, the pension plan participants are the mutual insurance company's sole members. The pension plan terminates following payment of a premium by the pension plan to the mutual insurance company for the issuance of the annuities, and the subsequent issuance of annuity contracts by the mutual insurance company to the plan participants. The premium is calculated based on a reduced cost of capital requirement over the life of the policy due to a reduction in the C4 component to zero after the first year of the program. The capital required to cover the C4 charge in the first year may be provided by a third party according to a surplus note or surplus maintenance agreement. | 08-11-2011 |
| 20110196706 | JUST-IN-TIME INSURER'S REMOVABLE GOODS EVALUATION AND REPLACEMENT SYSTEM - The present invention is directed to a system, and method for making and using the same, for an on-site evaluation of removable goods, condition, and value, and further, for providing replacement removable goods. The present invention provides an effective and uniform way to more objectively evaluate removable goods and/or provide replacement removable goods and/or remediation of the removable goods to the benefit of both an insurer and a customer. More specifically, the present invention relates to a removable goods evaluation system which includes removable goods evaluators equipped with a portable apparatus for evaluating removable goods which includes an objective evaluation approach using evaluation logic to determine a current monetary market value, or “as new” or pre-use value, which takes into account removable goods characteristics, and/or a depreciated value which takes into account loss factors such as wear, appearance, and other degradative considerations. Further, the system of the present invention can include removable goods providers and/or remediators which participate in the remediation and/or replacement of a selected replacement removable goods. The present invention is directed to an interconnected system which includes estimation logic, project management logic and delivery logic for managing an insurance claim from start to finish in a just in time fashion. | 08-11-2011 |
| 20110196707 | SYSTEM AND METHOD FOR IDENTIFYING AND ASSESSING COMPARATIVE NEGLIGENCE IN INSURANCE CLAIMS - The invention is a method and system useful in determining the degree of comparative negligence of an insured person involved in an accident as compared to the comparable negligence of other parties involved in the accident, in particular the insurance claimant. The method and system of the invention include, at a minimum, the steps of gathering preliminary information concerning accident type, applying preliminary rules to the preliminary information to determine accident type, gathering additional information specific to the accident type, and applying accident-type-specific rules to the additional information to determine the degree comparative negligence of said insured person and/or the claimant. | 08-11-2011 |
| 20110196708 | System And Method For Financing A Rideshare System - A system and method for financing a rideshare system is provided. A rideshare transaction is arranged. Potential participants are identified for the rideshare transaction. Two or more of the potential participants are matched for inclusion in the rideshare transaction. Revenue is derived through an offering of insurance coverage for the arranged rideshare transaction. | 08-11-2011 |
| 20110196709 | System And Method For Setting A Rideshare Transaction Fee - A system and method for setting a rideshare transaction fee is provided. Data is maintained for rideshare transactions, each associated with a route. At least one rideshare transaction that travels along a particular route is identified. A number of drivers offering transportation on that particular route and a number of passengers seeking transportation on the particular route are determined. A transaction fee for the rideshare transaction along the particular route is set. The transaction fee is increased when there are more passengers seeking transportation than drivers offering transportation. The transaction fee is decreased when there are more drivers offering transportation than passengers seeking transportation. | 08-11-2011 |
| 20110196710 | AGRICULTURAL SERVICES SYSTEM THAT FACILITATES FARMER COMMUNICATIONS, CROP INSURANCE, COMMODITY CONTRACS AND CARBON CREDITS - A system for agricultural services for farmers and agribusiness (and for other types of users too) facilitates communications with farmers, and between farmers, provides crop insurance to farmers, helps creation and management of commodity contracts, assignment, verification and trading of green house credits, etc. The system comprises a plurality of mobile devices, wherein each of the plurality of mobile devices is employed by one of a plurality of farmers, and a server. The server is communicatively coupled to the plurality of mobile devices and it collects a farmer information from each of the plurality farmers, via an associated one of the plurality of mobile devices that the farmer employs. The farmers use a mobile device to communicate with the server as part of the agriculture related services, or to communicate with each other via the server. The server computes an insurance amount for each of the plurality of farmers based on the corresponding farmer's farmer information and based on an associated historical data (for that farmer, and across all farmers). | 08-11-2011 |
| 20110202372 | METHOD AND SYSTEM FOR ESTIMATING UNPAID CLAIMS - An apparatus for analyzing liabilities including a claims analyzer. The claims analyzer can be configured to create a preliminary model of employment history of at least one organization, create a pre-audit model of the at least one organization; and create a preliminary estimate of liability associated with the at least one organization based on the preliminary model of employment history and the pre-audit model. The preliminary estimate of liability is configured to reveal an unpaid liability associated with the at least one organization. | 08-18-2011 |
| 20110202373 | Computer-Implemented Systems And Methods For Parameter Risk Estimation For Operational Risk - Systems and methods are provided for determining a loss mitigation reserve requirement based on a risk measure estimation and a confidence interval associated with the risk measure estimation. Distribution parameters of a frequency model and distribution parameters of a severity model are determined, and a covariance matrix representing the determined parameters of the distribution of the frequency model and the determined parameters of distribution of the severity model is generated. One or more analytical derivatives of a cumulative distribution function of the frequency model, one or more analytical derivatives of a cumulative distribution function of the severity model, and a parameter covariance matrix are calculated. A confidence interval is computed for the risk measure estimation based on a vector of derivatives of a cumulative distribution function. | 08-18-2011 |
| 20110202374 | SYSTEM AND METHOD FOR PROCESSING WORK PRODUCTS FOR VEHICLES VIA THE WORLD WIDE WEB - A method and system for receiving data relating to an insurance claim for a damaged vehicle and transmitting a valuation report for the damaged vehicle over the world wide web. The system includes a client computer and a web server that are coupled through an electronic communication network such as the internet. The web server contains a web site that contains a plurality of web pages. Each web page allows an operator to enter the insurance claim data. The data can be processed into a valuation report by a separate valuation server. The valuation report can be transmitted to the client computer through the web server. A claims adjuster can access the web server by merely entering a uniform resource locator (“URL”) into a web browser. The adjuster does not have to dial directly into the valuation server. | 08-18-2011 |
| 20110202375 | HEALTHCARE PROVIDER, ADMINISTRATOR AND METHOD FOR EFFECTUATING A MEDICATION THERAPY MANAGEMENT, ADHERENCE AND PHARMACOSURVEILLANCE PROGRAM - A method is provided that includes initiating adjudication of a primary claim in response to a purchase transaction at a primary payer for a client at a point of sale of a healthcare provider, and adjudicating one or more services of a program of the administrator to which the client is enrolled and/or one or more secondary benefits following the adjudication of the primary claim. The purchase transaction is applicable to the respective program and the respective secondary benefit, and the program includes one or more services. The method also includes providing the one or more services and/or secondary benefits to the client in response to adjudicating the one or more services and/or secondary benefits. | 08-18-2011 |
| 20110208544 | Method for linking insurance policies - An insurance program that provides improved health care and longevity by emphasizing health improvement and maintenance. After a predetermined waiting period from the time health insurance is purchased, during which the health status of the insured is maintained or improved, the insured may link the health insurance policy with one or more other types of insurance policies, such as; life, disability, nursing home, etc. Throughout the life of the policy, portions of the premiums may be deposited in an escrow account, provided that the health of the insured is maintained or improved, which may be utilized to pay or help pay for the linked insurance coverage and may also be utilized for retirement benefits. | 08-25-2011 |
| 20110208545 | Portable Device Distraction Reduction System - A portable device enters a safety mode of operation in response to velocity of the device exceeding a threshold. In some embodiments, a portable device determines its position at a plurality of times to determine the velocity of the portable device. The determined velocity is compared to a defined threshold velocity to trigger the safety mode of operation. | 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 |
| 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 |
| 20110208548 | SYSTEMS AND METHODS FOR DATA INSURANCE - An agreement is created between a first entity and a second entity under which the second entity agrees to provide data protection services for use by a third entity. A backup copy of the third entity's data is created and maintained at a location controlled by the second entity. If the third entity suffers a data loss, a replacement copy of the data is generated from the backup copy. The first entity provides compensation for the second entity's efforts to restore the third entity's lost data. If the second entity is unable to restore the data, the third entity is compensated for its data loss. | 08-25-2011 |
| 20110208549 | SYSTEMS AND METHODS FOR DETERMINING COST OF INSURANCE RATES - According to some embodiments, a current net amount at risk associated with a life insurance policy is determined. The life insurance policy may, for example, have been previously issued to a consumer for a given face death benefit amount. At least one applicable cost of insurance rate may then be automatically selected based at least in part on the determined net amount at risk. The applicable cost of insurance rate can then be applied to the current net amount at risk for the policy. For example, a first cost of insurance rate may be applied to a first portion of the current net amount at risk, and the applicable cost of insurance rate may be applied to a second portion of the current net amount at risk. | 08-25-2011 |
| 20110208550 | REVERSE PAYMENT TRANSACTION SYSTEM AND METHOD - A reverse payment transaction system and method in which the consumer, rather than disclosing his financial details, acquires a unique reference code associated with a bill registered by the merchant in a payment processor database. The consumer then acquits the payment through a trusted channel of choice. The method comprising the steps of providing a payment identifier associated with the purchase to the consumer, receiving at a point-of-sale the payment identifier from the consumer, providing the payment identifier from the point-of-sale to a payment processor, receiving the invoice at the point-of-sale from the payment processor, receiving payment from the consumer at the point-of sale, indicating to the payment processor that payment of the invoice was made, generating on the payment processor a receipt and providing the receipt to the point-of-sale. | 08-25-2011 |
| 20110213626 | SYSTEM AND METHOD FOR EFFICIENT CLAIM ASSIGNMENT - A system includes a data storage device configured to receive and store policy information associated with an insurance policy, and a first data structure associating each of a plurality of program identifiers with a respective claim handling identifier, a computer processor configured to execute program instructions and retrieve the policy information from the data storage device, and a memory, coupled to the computer processor, configured to store program instructions for execution by the computer processor. | 09-01-2011 |
| 20110213627 | METHOD AND SYSTEM FOR INSURING AGAINST INVESTMENT LOSS - Participants purchase into a given system for a given period of time. Those with investment gains, by definition, are without loss and need no compensation from the system. Those with investment losses are reimbursed by the system according to previously agreed upon terms. Total loss of a given system's participants is calculated, with that figure compared to the previously agreed upon amount of funds available for loss compensation (total revenue generated by participant premiums minus previously agreed upon detracted percentage for firm or a sum set forward by the company that is independent of a given system's generated revenue). | 09-01-2011 |
| 20110213628 | SYSTEMS AND METHODS FOR PROVIDING A SAFETY SCORE ASSOCIATED WITH A USER LOCATION - Pursuant to some embodiments, insurance systems, methods and devices are provided which include a data storage device for storing, updating and providing access to loss risk score data. In some embodiments, a request for information associated with a user's location identified by user location data may be received over a communications network. A computer processing system may then be operated to generate a safety score associated with said use location data, the safety score being based on a plurality of loss risk factors associated with the user location data. At least one element of an insurance policy associated with the user may be modified in accordance with the safety score. A response, including the safety score, may then be transmitted to the user over the communications network. | 09-01-2011 |
| 20110218825 | THREE-DIMENSIONAL INTERACTIVE VEHICLE DAMAGE CLAIM INTERFACE - A three-dimensional vehicle scene including an image can be rendered within an interactive user interface. The image can be generated from a model and can be rotatable by user selections of user selectable rotation controls. Vehicle panels can be shown and hidden within the interactive user interface responsive to positionings of an interface pointer. While one of the vehicle panels is shown, user-configurable damage fields can be included in the user interface to describe damage to the vehicle. Input of the damage fields can be used to indicate damage for insurance claim purposes and can be used to update damage indicia on the interface. Damage indicia can be overlaid on top of the image. A damaged vehicle can be shown in the interface by combining (in real-time and at runtime) the image of the undamaged vehicle and the damage indicia, which overlay the image. | 09-08-2011 |
| 20110218826 | SYSTEM AND METHOD OF ASSIGNING RESIDENTIAL HOME PRICE VOLATILITY - A system and method for assigning loss of residential home value, due to systemic risks, through the creation and distribution of a financial instrument such as Home Value Assurance™ (“HVA™”). HVA™ is a process by which a capital market investor takes risk of a down-turn in national or regional real estate markets through a fully-funded index-linked note, while simultaneously providing contractual protection to consumers and institutions against drops in home prices due to the systemic pressures that drive home price index levels. The product may be sold to those who are exposed to the risk of a systemic downturn in residential home values, i.e. a singular home owner, an institution owning a portfolio of loans secured by liens on residential real property, etc. | 09-08-2011 |
| 20110218827 | SYSTEM AND METHOD FOR UTILIZING INTERRELATED COMPUTERIZED PREDICTIVE MODELS - The invention relates to a system for handling insurance requests, such as new coverage applications, renewal applications, and insurance quote requests. The system includes at least two computerized predictive models whose outputs each serve as inputs to the other. A business logic module is included in the system to process insurance requests with the predictive models to determine one or more sets of recommended policy parameters for the user and to output the determination to the user via a user interface. In various embodiments, the predictive models also output workflow components (such as underwriting workflow components) and price components (such as premium prices) corresponding to output suggested sets of coverage parameters. | 09-08-2011 |
| 20110218828 | SPATIAL DATABASE SYSTEM FOR GENERATION OF WEATHER EVENT AND RISK REPORTS - The present invention is a tool including a spatial database and a data warehouse used to track portfolio sites that are affected by weather events, such as hurricanes, earthquakes, wildfires, hail, tornados, or manmade events. A spatial database provides rich spatial geometry features using earth longitude and latitude as a 2-D reference system in spatial system. A insurer portfolio site, which is defined by longitude and latitude data, includes portions that are represented as a point. A weather event is represented as polygon in the spatial database. Based on user configured threshold values, it may be determined when a point falls inside, or on a boundary, of a polygon to identify a site that is affected by that weather event and corresponding reports may be generated, including maps identifying the affected sites and total insured value calculations for the affected sites, in order to gauge risk. | 09-08-2011 |
| 20110218829 | COMPUTER BASED METHOD FOR PREVENTING FINANCIAL LOSS DUE TO DISABILITY FOR PARTICIPANTS - A system and method for preventing financial loss due to disability of participants in a retirement plan according to an insurance contract. One or more computers are programmed within a network to collate data from one or more databases according to the terms of an insurance contract. The insurance contract pays benefits into the retirement plan trust upon the disability of a plan participant. The benefits are treated as income or gain under the plan and are allocated to the participant's account. Benefits are distributable only upon attainment of the participant's normal retirement age. The administration of a retirement plan is carried out according to a computer based method and within a computer based system. | 09-08-2011 |
| 20110231211 | METHODS AND APPARATUS FOR ISSUING A GIFT ANNUITY - The teachings disclosed herein can be directed to an intermediary coordinating the administration of a 54Freedom gift annuity arrangement between a donor and both a charity and insurance company. The charity receives the gift and the annuity contract is between the donor and the insurance company. This arrangement provides flexibility in the annuity contract, a new financial product for financial specialists to market, a more certain financial annuity arrangement post-mortem for the donor's estate, and a better incentivized financial party to which the donor can consult. The method can include consultation by the intermediary, e.g. a financial specialist, with the donor to determine a suitability of an annuity contract for the donor. The method can further include coordination by the intermediary of a purchase of the annuity contract by the donor with an insurance company as opposed to with the charity, which receives the gift. | 09-22-2011 |
| 20110238451 | SYSTEM AND METHOD FOR ENHANCING AND AUTHENTICATING AN INSURANCE ELGIBILITY TRANSACTION - The disclosure presents a system, method, and computer readable medium for execution on a computer processor, for authenticating and enhancing an insurance eligibility transaction, such as a 270/271 healthcare system transaction. In a particular embodiment, an insurance eligibility transaction request, such as a 270 transaction, is received/intercepted by the system prior to being received by the payor and data from one or more sources, such as a credit bureau database containing credit file data, is used to enhance, verify and correct the accuracy of data fields particular to the insurance eligibility transaction. The payor's database(s) can also be enhanced accordingly. The system also has capability to, among other things, identify fraud-related issues, charity qualification, and patient payment estimation as part of the transaction. | 09-29-2011 |
| 20110238452 | APPARATUSES, METHODS, AND SYSTEMS FOR PROVIDING A RISK SCORING ENGINE USER INTERFACE - The present disclosure describes an approach to constructing and implementing risk rating products that provides a number of advantages. Instead of hard-coding attributes of a risk rating scheme, which requires the assistance of a trained programming specialist for any modifications, adjustments, or new products, the present invention provides a set of modular tools that assist non-specialists in on-the-fly generation and implementation of risk rating products. The modularity of this approach facilitates the modification and/or updating of a system component without affecting the operation of other components. Described herein are embodiments of system tools configured to read a risk rating scheme data-structure and generate a user interface whereby a user may enter information characteristic of an insurable risk and receive risk assessments, evaluations, and/or financial metrics associated with a candidate insurable risk. | 09-29-2011 |
| 20110238453 | METHOD AND SYSTEM FOR PROCESSING DATA RELATED TO A LIFE INSURANCE POLICY HAVING AN ACCELERATED BENEFIT - Disclosed is a novel insurance product that provides an accelerated death benefit to the insured individual. The insurance product contains a lifeaccess accelerated benefit feature that allows the insured individual to file a claim and receive benefits under a life insurance product if the insured individual becomes chronically or terminally ill. | 09-29-2011 |
| 20110246243 | Computer Control Of Non-Debt Funding System For Home Finance - Machine for controlling a system changing electrical signals to separately value components temporally decomposed from residential property, the computer apparatus including: a computer system, arranged for receiving information into a memory, the data representing the residential property, the computer system further comprising: logic means controlling the computer system to change the data to produce modified signals representing a separate valuation of each of a plurality of components temporally decomposed from the residential property, the components including a residential estate for years interest and a residential remainder interest; and an output device connected to convert the modified signals into documentation including the respective valuation of each of the components. | 10-06-2011 |
| 20110246244 | COMPUTER NETWORK FOR GENERATING PROPOSED INSURANCE CLAIM SETTLEMENTS AND SUBMITTING THEM TO INSURANCE CARRIERS - A computer network for generating a proposed insurance claim settlement and submitting it to an insurance carrier, including: (a) a computer system that receives insurance injury information from an operator; (b) a computer system that receives accident information from the operator; (c) a computerized injury evaluation system that then computes: (i) a proposed claim settlement based upon the injury information and the accident information, and (ii) a likelihood of claim settlement based upon the identity of a selected insurance carrier; (d) a computer system that presents the proposed claim settlement and the likelihood of claim settlement to the operator; and (e) a computer system that sends the proposed claim settlement from the computerized injury evaluation system to the selected insurance carrier after receiving an approval from the operator. | 10-06-2011 |
| 20110246245 | Return of Excess Contribution System ("RECS") dividend distribution software application - In accordance with the present invention, there is a standalone application that provides a low cost dividends modeling and administration tool for entities who pool premiums and return a portion of the excess back to the members in the form of dividends or premium credits. This application is designed to meet the clients' dividends distribution needs at a low cost with minimal ramp-up efforts, regardless of the insurance administration system they already have in place. | 10-06-2011 |
| 20110251858 | INSURANCE ALERT SYSTEM AND METHOD - An insurance alert system comprises an alert module executable by a processor, the alert module configured to automatically interface with a plurality of different insurance providers for an insurance broker. The alert module is configured to obtain and aggregate alert data from the plurality of different insurance providers corresponding to customers of the insurance broker, the alert data corresponding to insurance policies of the customers with the respective insurance providers. | 10-13-2011 |
| 20110251859 | Method and Apparatus Pertaining to Facilitating Administration of a Fixed Annuity Having a Long-Term Care Rider - Administering a fixed annuity having a long-term care (LTC) rider includes calculating, at a time of an insured party entering a claim period for LTC benefits and as a function of a value of a fixed annuity for an annuitant, an available insurance amount for an LTC benefit. This fixed-annuity value can comprise a present value of the fixed annuity at the time the insured party enters the claim period. These teachings will also accommodate calculating the total LTC benefits by summing the value of the fixed annuity with the value of the fixed annuity as multiplied by a multiplier. LTC benefits can be paid by apportioning a first part of the payment against the fixed annuity itself while apportioning a second part of the payment against an available insurance amount. Following depletion of the annuity, however, one can then apportion such payments only against the available insurance amount until exhausted. | 10-13-2011 |
| 20110251860 | POINT OF SERVICE THIRD PARTY FINANCIAL MANAGEMENT VEHICLE FOR THE HEALTHCARE INDUSTRY - A point of service third party adjudicated payment system and method which provides for the creation of an adjudicated settlement transaction at a point of service which designates the portion of the service to be paid by the third party payor and the portion to be paid by the customer. The system includes a point of service terminal which accepts a payment system access card for payment for a purchase of a service and/or product by a customer, where at least part of the purchase is reimbursable by a third party payor. The point of service terminal creates a purchase transaction which is adjudicated by an adjudication engine substantially in real-time to determine a first portion of the purchase which is to be paid by the third party payor and a second portion of the purchase which is to be paid by the customer. | 10-13-2011 |
| 20110258004 | Reconciliation , Automation and Tagging of Healthcare Information - A transaction platform that automatically reconciles and tags administrative healthcare information including transactions (claims, remittances, payments) related to a patient encounter, and makes the transactional information accessible to the provider via a portal. The reconciliation and tagging associates components of the transaction in a unique and identifiable way, and presents the associated information about the encounter in a manner that the provider can view the revenue cycle from the first transaction related to any given encounter to the final transaction related to the encounter and every payment made associated with the encounter. Payers also can view these transactions and the associated payments. | 10-20-2011 |
| 20110264470 | Rule-Based Financial Products - Stored-value cards are governed by a set of rules that limit purchases to approved replacement items and/or recurring living expenses based on losses actually incurred by the insured within certain categories and according to time-based, insurer-specified spending limits. These limits can be altered in response to changed circumstances or the needs (or behavior) of the insured. A system for implementing various aspects of this technique includes an event-detection module for detecting a purchase event initiated by an individual associated with the financial account. A rules engine applies a rule set against the purchase event to determine if the potential purchase complies with the rule set. The rule set includes both a category-based rule and a time-based rule, such that a maximum amount may be spent on purchases during a particular time period (e.g., a month) within a particular category (e.g., food, housing, transportation, medical care, etc.). The system further includes a messaging module for approving the purchase if it complies with the rule set. | 10-27-2011 |
| 20110264471 | CERTIFIED IT SERVICES IN-A-BOX - A system, in a cloud computing environment (“CCE”) includes a data processor. One or more cloud computing auditing components are configured to monitor the CCE in accordance with a predefined insurance level agreement (“ILA”) and to create a log of one or more CCE events indicated by the ILA. A neutral data warehouse is configured to store the log. A reporting module generates one or more reports for a party indicated by the ILA from the log in the neutral data warehouse in accordance with the ILA. | 10-27-2011 |
| 20110264472 | Deductible shield - The Deductible Shield auto insurance deductible discount certificate program policy will cover a customers automobile deductible fee issued by their insurance provider for a year in case of an accident, no matter how many incidents said customer would have within the pre-paid yearly timeframe. If a customer has an automobile incident during the yearly term of agreement with The Deductible Shield, the customer will be given a list of participating licensed auto body repair shops in their area where they can go and have their vehicle repaired according to the terms provided by their original automobile insurance provider. After the original automobile insurance provider agrees to make the necessary repairs, The Deductible Shield customer will then provide the automobile body repair shop their proof of their The Deductible Shield account number and therefore the participating automobile body repair shop will waive the original automobile insurance providers automobile deductible fee. | 10-27-2011 |
| 20110264473 | SYSTEM AND METHOD FOR PROVIDING RISK MANAGEMENT FOR VARIABLE ANNUITY CONTRACTS - A computer system includes an input device. The input device is configured to receive input data for initiating a variable annuity account issued by an insurance company. The input data includes identifying information for the account holder and the amount to be invested in the account. The variable annuity includes a guarantee feature. The computer system also includes a processor, a program memory and a storage device. The processor is operative with program instructions stored in the program memory to allocate the amount invested between two different investment funds. One of the funds includes an equity asset or an equity index asset. The other fund includes a hedging component that is selected to be negatively correlated in terms of asset value changes with the equity asset or equity index asset. | 10-27-2011 |
| 20110270634 | System and method for determining a premium for insurance for a security - A method for determining a premium for insuring a security comprising the steps of determining an insurance risk premium based upon a security to be insured, determining an expense and profit load, and combining the insurance risk premium and the expense and profit load to determine a total gross premium. A system for determining a premium for insuring a security comprises a computer system capable of having entered information related to a security to be insured, the computer system having a program for calculating an insurance risk premium based upon a security to be insured, for calculating an expense and profit load, and for combining the insurance risk premium and the expense and profit load to determine a total gross premium. | 11-03-2011 |
| 20110270635 | SYSTEM AND METHOD FOR INSURANCE UNDERWRITING AND RATING - An apparatus and method for underwriting and/or rating an insurance policy, and for generating information for underwriting and/or rating an insurance policy, are provided. The system and method may include identifying a vehicle, determining a value of at least one vehicle history data variable or a group of variables, and underwriting and/or rating the policy based on the value of the at least one vehicle history data variable or a group of variables. The system and method may also include generating a score based on the value of the at least one vehicle history data variable or group of variables. | 11-03-2011 |
| 20110270636 | System and Method for Insurance Underwriting and Rating - An apparatus and method for underwriting and/or rating an insurance policy, and for generating information for underwriting and/or rating an insurance policy, are provided. The system and method may include identifying a vehicle, determining a value of at least one vehicle history data variable or a group of variables, and underwriting and/or rating the policy based on the value of the at least one vehicle history data variable or a group of variables. The system and method may also include generating a score based on the value of the at least one vehicle history data variable or group of variables. | 11-03-2011 |
| 20110270637 | METHOD AND SYSTEM FOR PROCESSING DATA FOR A DEFERRED ANNUITY WITH AVAILABLE BENEFIT PAYMENTS RELATED TO AN INCREASING WITHDRAWAL PERCENT - A computer implemented data processing system and method processes data relating to a deferred annuity contract during the accumulation phase for a relevant life. The system is configured to determine an amount of an available benefit payment, available on a periodic basis for withdrawal without reduction of a payment base value, the available benefit payment amount being based on a withdrawal percent value and one of a payment base value and a contract value. The withdrawal percent value increases automatically after a first of the benefit payments. | 11-03-2011 |
| 20110276352 | SYSTEM AND METHOD FOR INSURANCE VENDOR SELF-AUDITS - A computerized system and computer-implemented method for enabling insurance vendor self-audits that receives referral data from a vendor, samples the referrals, assigns audit questions to each referral within the sample of referrals, presents the audit questions to the vendor and receives answers from the vendor, scores the answers based on rules, and reports the audit scores. | 11-10-2011 |
| 20110282695 | METHODS AND SYSTEMS FOR FRAUD DETECTION - System and methods for detecting healthcare claim fraud and abuse are provided. In one embodiment, the system includes a combination of supervised method and a unsupervised method as well as with a responsiveness analysis. | 11-17-2011 |
| 20110282696 | METHOD AND SYSTEM FOR PROCESSING DATA RELATED TO A DEFERRED ANNUITY HAVING A MINIMUM CONTRACT VALUE - A computer-implemented process for processing data related to an investment product having a guarantee of withdrawals available on a periodic basis includes receiving by a processor data indicative of a request for a withdrawal from an account of the investment product, the amount of the withdrawal, aggregated with amounts of any other withdrawals during a current time period, being no more than a maximum amount available for withdrawal during the time period in accordance with the guarantee. The processor determines whether the current account value is at or below a minimum account value, and, responsive to determining that the current account value is at or below the minimum account value, provides an output signal having data indicative that the current account value is not to be changed as a result of payment of the withdrawal. | 11-17-2011 |
| 20110282697 | SYSTEMS AND METHODS FOR DYNAMICALLY ASSESSING AND MITIGATING RISK OF AN INSURED ENTITY - Embodiments of the present invention delineate systems and methods for dynamically assessing and mitigating risk of an insured entity. Additional embodiments of the present invention delineate systems and methods for providing a user of a mobile device with information relevant to a position of a mobile device, wherein such information may describe one of a risk and an opportunity within a predetermined distance of a location for the mobile device. | 11-17-2011 |
| 20110282698 | System For Marketing Using Text Messaging - announcement broadcast by a media source. A keyword is associated with the media source. Instructions are included in the announcement to send an initial text message including the keyword, to a text messaging number, to receive a quote for the product. The initial text message including the keyword is then sent from a wireless telecommunication device in response to the announcement having been heard by the user of the device. In response, the quote is sent to the to the telecommunication device. | 11-17-2011 |
| 20110282699 | System and Method for Tracking, Monitoring and Reporting Extinguishment of a Title Insurance Policy - A system for monitoring a title insurance policy including a processor and a memory in communication with the processor is disclosed. The system includes computer readable logic stored on the memory and executable on the processor. The computer readable logic configured to receive a title record including both owner identification information and property identification information, query a title record database to determine if the received title record has experienced an extinguishment event selected from the group consisting of: a loan modification; a foreclosure; a sale; an arms-length ownership change; and a change to a real-estate owned (REO) property, set an inactive indicator associated with the title insurance policy if an extinguishment event is determined to be associated with the owner identification and property identification information of the title record, set, in the absence of an inactive indicator, an active indicator associated with the title insurance policy if an extinguishment event is not determined to be associated with the owner identification and property identification information of the title record, and generate, if the active indicator is set, a monitoring flag associated with the received title record associated with the title insurance policy of interest | 11-17-2011 |
| 20110288891 | ON-DEMAND THIRD PARTY ASSET RENTAL PLATFORM - An on-demand third party asset rental platform is provided. In some embodiments, on-demand third party asset rental platform includes a self-service platform that enables a third-party renter to electronically submit a conditional rental offer (CRO) for an asset to a plurality of third-party owners of that asset. In some embodiments, on-demand third party asset rental platform includes receiving a request for an asset (e.g., a vehicle or another type of asset) rental; and in response to the request for an asset rental, communicating a plurality of conditional rental offers to a plurality of asset owners, wherein each of the asset owners specifies the asset owner's rental terms. In some embodiments, an asynchronous protocol for CRO distribution is provided. | 11-24-2011 |
| 20110295623 | SYSTEM AND METHOD FOR WORKERS COMPENSATION DATA PROCESSING AND TRACKING - The present invention relates to a workers compensation related insurance complaint management, processing and reporting system. According to some embodiments, an insurance complaint is received at a conversion system for processing. The received information may be converted to a specified format to populate an interactive web form. The web form may be augmented by various third party data sources and information may be additionally pre-filled through the conversion process. Automated complaint management reminders are generated by the system. | 12-01-2011 |
| 20110295624 | Insurance Policy Data Analysis and Decision Support System and Method - A method for determining a fire risk score includes extracting data from real estate values, map data, FIRS data, and building data that includes an address, an age, a size, an indication whether or not sprinklers are present, and an indication whether one or more smoke detectors are remotely monitored; assigning weights to the extracted building data; identifying one or more fire stations near the building; obtaining or determining a driving time from the one or more fire stations to the building; performing a statistical regression analysis to: at least the driving time from the one or more fire stations to the building, the age of the building and the size of the building to determine an expected loss to the building in the event of a fire, and calculating a fire risk score for the building to assist an insurance company assess a risk of insuring the building. | 12-01-2011 |
| 20110295625 | INTELLECTUAL PROPERTY TRADING EXCHANGE - A system and method for operating an exchange for the trading of intellectual property rights through the exchange are disclosed. The method includes: storing in a computerized storage device in communication with a microprocessor information describing an intellectual property portfolio and using the microprocessor to determine whether to list on the exchange unitized license rights relating to the portfolio; storing in the storage device information describing a listing on the exchange of the unitized license rights, the listing including initial pricing information; storing in the storage device information describing an insurance policy guaranteeing a minimum value of the unitized license rights; storing in the storage device information describing a change in the pricing information relating to the unitized license rights; | 12-01-2011 |
| 20110301983 | System and Method for Quoting, Selling, Distributing and Tracking Insurance Products - The system relates to an automated method for selling a variety of insurance products to a single individual user. In one aspect of the system, a first database is used for storing demographic information about the user, a second database is used for mapping property types to available insurance products, and the system reuses demographic information stored and retrieved from the first database to provide insurance quotes for a plurality of insurance products. | 12-08-2011 |
| 20110301984 | SYSTEM AND METHOD FOR GENERATING A CUSTOMIZED PROPOSAL IN THE DEVELOPMENT OF INSURANCE PLANS - A method for generating a customized proposal in the development of insurance plans for a customer is provided. Customer data is stored within a database in a computer system. This database has stored insurance plan products. A description of insurance plan options available to the customer is displayed on a display device based upon the stored customer data and user selected plan options obtained from an input device. A customized proposal is generated based upon a selection made from the presented insurance plan options. The customized proposal includes a description of an insurance plan, at least a portion of the customer data, and estimated costs for the insurance plan. In addition, a computer system and a computer program product readable by a computer system having computer-executable instructions that when executed cause a processor of a computer system to perform this method are provided. | 12-08-2011 |
| 20110307277 | COMPUTER IMPLEMENTED RISK AND INSURANCE NEEDS ASSESSMENT SYSTEM AND METHODS - Disclosed herein are systems and methods for assessing and recommending a life insurance package to a client. A life insurance package may comprise the amount of life insurance coverage and the monthly cost needed to obtain that amount of coverage. In an exemplary embodiment, two or more life insurance packages, including what each life insurance package covers, are presented to the user. In an exemplary embodiment, default assumptions are made for questions that are difficult for the user to answer but may be fairly accurately estimated by the system. | 12-15-2011 |
| 20110307278 | Managing insurance information using versioned and non-versioned data - Managing insurance information includes obtaining account information associated with an insurance account, selectively indicating a first portion of the account information that includes versioned information and a second portion of the account information that includes non-versioned information, obtaining policy information of an insurance policy associated with the insurance account, including copying at least some of the versioned information as a first portion of the insurance policy, and establishing a link between at least some of the non-versioned information and a second portion of the insurance policy. The second portion of the insurance policy that is linked with the non-versioned information is automatically updated to reflect changes to the non-versioned information. | 12-15-2011 |
| 20110313793 | Fantasy Sports Insurance - A method of providing insurance to a fantasy sports participant includes receiving a request from the participant for an insurance policy covering an insured risk for an insured amount and providing an insurance policy to the participant covering the insured risk for the insured amount, in exchange for a premium. The participant owns a fantasy team and is in a fantasy league. The insured risk is at least one player on the fantasy team not playing for at least a portion of a fantasy season of the fantasy league. An amount of the premium is dependent on underwriting of the insured risk and the insured amount. | 12-22-2011 |
| 20110313794 | Insurance Coverage Validation - A method of evaluating insurance coverage under a policy of insurance, including receiving first insurance claim information associated with an insurance claim, outputting a representative portion of the insurance policy, receiving second insurance claim information in response to the output representative portion of the insurance policy and generating an insurance coverage record based on the second insurance claim information and the insurance policy. The first insurance claim information includes a claimant identifier and a policy identifier. The policy identifier corresponds to a portion of an insurance policy. The representative portion of the insurance policy being selected by a computer processing device in response to the receipt of the first insurance claim information. The second insurance claim information being associated with the insurance claim. The insurance coverage record identifies whether there exists an issue needed to be resolved for the validation of insurance coverage and identifies if any issues exist. | 12-22-2011 |
| 20110313795 | SYSTEM AND METHOD FOR ELECTRONIC POLICYHOLDER REVIEW USING DYNAMIC INTERVIEWS - A policyholder report may be obtained by an insurer from an insured through a series of questions presented by an automated, electronic system. The insured may access the system through a portal, such as a graphical user interface, which may ask the insured a dynamic series of account and/or risk-based questions at or near the expiration of an insurance policy term, and permit the insured to submit verification and supporting information through the portal. Based on the insured's responses to the questions and the information provided, the insurer may complete a review and/or audit, and determine an adjustment to the premium. Additionally, the system may permit the insured and the insurer to review the audit during all stages of completion, and may allow the insured to opt out of the electronic process at any time, or to dispute the results of the audit through the portal. | 12-22-2011 |
| 20110313796 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO LONGEVITY INSURANCE - The present invention provides a life insurance product known as longevity insurance. Longevity insurance mitigates longevity risk, the risk that an individual will outlive his or her assets. More specifically, the purchase of longevity insurance guarantees an individual a predetermined, periodic income payment for the life of the purchaser. The guaranteed stream of monthly income commences at a later date, which may be utilized to supplement an existing income level or provide income in the event that the individual outlives his or her accumulated assets. | 12-22-2011 |
| 20110320222 | Systems and methods for valuation of tangible items - Computer-based tangible property item valuation systems and methods are disclosed. In one general aspect, these include business logic responsive to a machine-readable inventory listing comprising a plurality of machine-readable entries that each include at least a description of an item to be valued. A database stores valuation information for at least a plurality of the item entries, and logic is provided for assembling a valuation listing that includes valuation information retrieved from the database for at least a plurality of the item entries. | 12-29-2011 |
| 20110320223 | SYSTEM AND METHOD FOR ANALYSIS OF INSURANCE CLAIMS - A computer system for analyzing insurance claim data is configured to receive data relating to a current insurance claim from a client device; query a database for data relating to insurance claims similar to the current claim; receive from the database data relating to insurance claims responsive to the query; analyze the received data; generate a display of the analyzed received data and communicate the generated display to the client device for display on the client device. The display may include a value of recoveries within the time window as a proportion of initial demands for settled similar claims and a value of recoveries within the time window as a proportion of initial demands for arbitrated similar claims. | 12-29-2011 |
| 20110320224 | Systems and Methods for Customizing Product Selections Based on Member Parameters and Providing the Selections to Members for Purchase - The present disclosure relates to systems and methods for identifying at least one health plan option for an individual or employee, where the health plan option(s) identified have been selected based on the unique characteristics and profile of the individual or the unique characteristics and profile of the employee and format selections of the employer. The health plan option(s) identified may also be based on criteria provided by the individual or the employer, such as for instance, the amount of deductible and/or premium the individual is willing to pay, or for example, the health insurers the employer has selected to provide employee group coverage. | 12-29-2011 |
| 20110320225 | METHOD AND APPARATUS FOR AUTOMATIC HEALTHPLAN DATA RETRIEVAL AND RECONCILIATION USING A PROCESSING DEVICE - A method and apparatus for automatic healthplan data retrieval and reconciliation using a processing device is disclosed. The method may include retrieving accounting data, human resources data and health insurance data, comparing the accounting data, the human resources data and the health insurance data, identifying discrepancies between the accounting data, the human resources data and the health insurance data, and outputting the identified discrepancies to a user. The accounting data, human resources data and health insurance data pertain to individual employees' healthplans, and the identified discrepancies are related to enrollment, coverage and payment of healthplans. | 12-29-2011 |
| 20110320226 | SYSTEMS AND METHODS FOR FACILITATING SETTLEMENT OF INSURANCE CLAIMS - Systems, apparatus, methods and articles of manufacture provide for facilitating settlement of insurance claims. According to some embodiments, methods include facilitating settlement with respect to benefits owed by a carrier to a claimant (e.g., based on an injured worker's claim for benefits under a workers' compensation policy) and with respect to a subrogation interest of the carrier in any recovery by the claimant from a third party (e.g., accused of causing the injury). | 12-29-2011 |
| 20120004933 | System And Method For The Collection And Monitoring Of Vehicle Data - A method for brokering variable rate insurance premiums from an insurance carrier includes collecting driving information relating to a vehicle, generating a report based on the driving information, providing the driving report to the insurance carrier, receiving a revised premium based on the driving report and transmitting the revised premium to a customer. | 01-05-2012 |
| 20120004934 | COMPUTER SYSTEM AND COMPUTERIZED METHOD FOR PROCESSING ACCOUNT DATA - The present invention is embodied in an online-like transaction processing method and system for processing account information contained in batch process files, the method including: reading at least one batch file containing a plurality of records, each of the plurality of records being related to an associated one of a plurality of accounts; identifying which of the plurality of records relate to same ones of the plurality of accounts; identifying one of the accounts; and, processing all of the records identified as relating to the one of the accounts together and independent of processing any of the records relating to any other of the plurality of accounts. | 01-05-2012 |
| 20120004935 | AUTOMATIC INSURANCE ADJUSTMENTS USING REAL WORLD AWARENESS - An electronic product code information service (EPCIS) interface is provided that allows accessing applications residing on a variety of systems to receive EPC-related data. In setting up an insurance policy, the EPC-related data may be used to determine objects covered by the insurance policy and to valuate the covered objects. An insurance premium may be generated for the insurance policy based on this valuation. In addition, changes to the covered objects may be detected based on the EPC-related data and may be used to automatically adjust the insured value and/or insurance premium. | 01-05-2012 |
| 20120010906 | System And Method For The Collection And Monitoring Of Vehicle Data - A method for providing a customer with a competitive insurance quote from an insurance carrier includes collecting driving information relating to a customer for a time period, generating a driving report for the time period, providing the driving report to at least two potential insurance carriers, requesting insurance bids from the potential insurance carriers, and sending at least one of the insurance bids to the customer. | 01-12-2012 |
| 20120010907 | SYSTEM, METHOD, AND COMPUTER PROGRAM PRODUCT FOR DETERMINING WORKERS COMPENSATION CLAIMS - An Average Weekly Wage calculator application is provided to implement rules-based technology to assist with the adjudication of Workers' Compensation (WC) claims. The AWW calculator application can be included as part of various embodiments of a method for processing a workers' compensation claim, a system for processing a workers' compensation claim, and a non-transitory, tangible computer-readable storage medium bearing instructions for processing a workers' compensation claim. The AWW calculator can be tailored to include jurisdictionally-specific logic to define the required Payment Periods and calculate the Average Weekly Wage in a particular jurisdiction. | 01-12-2012 |
| 20120010908 | SYSTEM, METHOD, AND COMPUTER PROGRAM PRODUCT FOR DETERMINING WORKERS COMPENSATION CLAIMS - An Average Weekly Wage calculator application is provided to implement rules-based technology to assist with the adjudication of Workers' Compensation (WC) claims. The AWW calculator application can be included as part of various embodiments of a method for processing a workers' compensation claim, a system for processing a workers' compensation claim, and a non-transitory, tangible computer-readable storage medium bearing instructions for processing a workers' compensation claim. The AWW calculator can be tailored to include jurisdictionally-specific logic to define the required Payment Periods and calculate the Average Weekly Wage in a particular jurisdiction. | 01-12-2012 |
| 20120016692 | SYSTEM AND METHOD FOR ANALYZING EXISTING AND POTENTIAL LIFE INSURANCE COVERAGE - A method, system, and computer program product for providing an analysis of potential life insurance coverage, includes receiving information regarding a current life insurance policy from a user. User information, such as demographic information and a health status are received. At least part of the user information is transmitted to a plurality of life insurance carriers via an API. Quotes are received for a plurality of potential life insurance policies from the plurality of life insurance carriers. The quotes are analyzed in comparison with the information regarding the current life insurance policy, and aspects of the comparison are displayed to the user. | 01-19-2012 |
| 20120016693 | SYSTEMS AND METHODS FOR COLLECTING INSURANCE-RELATED DATA - Systems and methods are disclosed herein for collecting and processing auto insurance claim-related data. Initial data is collected from a customer or a third party appraiser via a user interface. The initial data is used to retrieve relevant compliance guideline and policy information, which is used to modify and/or populate fields in the user interface. Collected and/or retrieved information is then stored and/or used to adjust an insurance claim workflow process. | 01-19-2012 |
| 20120016694 | METHODS AND SYSTEMS FOR PROVIDING VEHICLE INSURANCE - According to certain embodiments of the present invention, a method is provided to determine (at a server) an initial first insurance rate for Provider A and a first insurance rate for Provider B. Both the initial first insurance rate for Provider A and the first insurance rate for Provider B correspond to a first insurance type. The initial first insurance rate for Provider A is adjusted A according to a first adjustment rule to form an adjusted first insurance rate for Provider A. A lower of the adjusted first insurance rate for Provider A or the first insurance rate for Provider B is selected. The adjusted first insurance rate for Provider A may be greater than the initial first insurance rate for Provider A and less than the first insurance rate for Provider B. An application fee for the adjusted first insurance rate for Provider A may be greater than an application fee for the initial first insurance rate for Provider A. | 01-19-2012 |
| 20120016695 | SYSTEM AND METHOD FOR AN AUTOMATED VALIDATION SYSTEM - System and method are disclosed herein for an automated validation system for validating whether a property of a policyholder receiving at least one insurance benefit is currently receiving remote monitoring services, as claimed by the policyholder. The system comprises an application server, a trusted third party server, and a business logic computer. The application server requests the trusted third party server to validate whether the property of the policyholder is presently receiving remote monitoring services from a service provider. A business logic computer can adjust the policyholder's insurance policy based on the received validation results. | 01-19-2012 |
| 20120022894 | SYSTEMS AND METHODS FOR ADMINISTERING EXTENDED ABSENCE INSURANCE - A computer receives rating information relating to proposed issuance of an insurance policy endorsement. The rating information relates to a proposed insured that employs a number of employees. The computer processes the rating information to generate a premium amount to be charged for the insurance policy endorsement. The endorsement is then issued. The endorsement may provide reimbursement to the insured for losses incurred by the insured arising from absence from work by one or more of the employees. | 01-26-2012 |
| 20120022895 | Annuity Maintenance Messaging Protocol - A method of initiating and processing an annuity transaction request according to a messaging protocol that uses entirely electronic forms of communication is provided. Upon receiving an annuity transaction request at a distributor portal associated with an annuity distribution entity, from an individual associated with the annuity, the distributor portal collects information relevant to the annuity transaction request, such as details about the annuity contract and the particular type of transaction request, and transmits the transaction request to a carrier of the annuity. The receiving, collecting, processing and transmitting is conducted entirely by the distributor portal, which facilities the exchange of electronic communications between the different parties involved. | 01-26-2012 |
| 20120022896 | INSURANCE QUOTING APPLICATION FOR HANDHELD DEVICE - A method of providing location-based insurance rate quotes and a system for implementing that method. The method comprises determining a property address proximate a mobile electronic device based on global positioning system signals received by the mobile electronic device, prompting a user of the mobile electronic device to input a name, requesting a determination of insurable property affiliated with the property address and the name, requesting an insurance rate quote for the insurable property, and receiving and displaying the insurance rate quote on the mobile electronic device. | 01-26-2012 |
| 20120022897 | APPARATUS AND METHOD OF WORKERS' COMPENSATION COST MANAGEMENT AND QUALITY CONTROL - Improved apparatus and methods, via an internet website, developed for the efficient implementation of workers' compensation cost containment practices for multi-unit employers, more particularly relating to indemnity (lost wages) and medical costs of workers' compensation claims in each unit. The methods analyze information about the user's current workers' compensation injury handling best practices and provide quantified results, customized recommendations and tools to reduce costs and improve best practices quality control. | 01-26-2012 |
| 20120022898 | SYSTEM AND METHOD FOR OBTAINING COMPARATIVE QUOTES - A method and system are disclosed for providing insurance quotes to a user from a plurality of insurance carriers. The method and system provide a quick quote based upon minimal information entered by a user. A system reduces the amount of information that is necessary for the user to obtain a preliminary quote thereby providing feedback to the user and encouraging the user to complete the interview process. The user may select a carrier and then continue to enter additional information necessary for providing a binding quote. | 01-26-2012 |
| 20120022899 | Program for Alternative Funding of Employee and Retiree Benefits - An insurance program for funding benefits by maintaining assets in the insurance program that includes an employer or employee owned trust account and at least one life insurance contract or non-cancelable accident and health insurance contract obtained directly or indirectly from a captive insurance company. The life insurance contract or non-cancelable accident and health insurance contract is purchased with assets from the trust account and the captive insurance company is at least partially owned by the employer. When paying or reimbursing benefits, the employer or the trust may pay the benefit and if the employer pays the benefit, the trust may reimburse the employer. | 01-26-2012 |
| 20120029945 | System and Method for Estimating Loss Propensity of an Insured Vehicle and Providing Driving Information - A system and method for estimating loss propensity of a vehicle and providing driving information are provided. A loss propensity estimation server receives information from a telematics device installed in a vehicle, determines at least one loss cost area through which vehicle has traveled, and calculates a numeric loss cost factor based upon the at least one loss cost area relative to the amount of risk indicated by the vehicle's garaging loss cost. The numeric loss cost factor can be transmitted to an insurer for subsequent use by the insurer in underwriting or pricing a future insurance policy. A driving information database in the loss propensity estimation server stores driving information obtained from the telematics device installed in the vehicle, which can subsequently be transmitted to an insurer. | 02-02-2012 |
| 20120029946 | SYSTEM AND METHOD OF ADMINISTERING, TRACKING AND MANAGING OF CLAIMS PROCESSING - A system and method of administering, tracking and managing of claims processing. | 02-02-2012 |
| 20120029947 | METHOD FOR OFFERING A PROTECTION POLICY FOR A MOBILE DEVICE - One embodiment includes a method for offering an protection policy for a mobile device, the method comprising the steps of providing an application, conducting a test of the mobile device, calculating the risk of protecting the mobile device, and offering an protection policy. The application is configured to operate on the mobile device and to test at least one function of the mobile device. The test is conducted by the application and verifies at least one function of the mobile device through the application. The risk of protecting the mobile device is based upon at least one result of the test. The protection policy for the mobile device is based upon the calculated risk, has a cost, and is offered for purchase to a user of the mobile device an. | 02-02-2012 |
| 20120029948 | Method And System For Determining Rate Of Insurance - A method and system for determining a rate of insurance for management liability coverage which determines a base premium, a limit/retention factor, shared limit credits, and other rating considerations. The limit/retention factor, shared limit credits, and rating considerations are applied to the base premium to ascertain a resultant premium. Another aspect of the disclosure provides a method for determining a shared limit credit when insured clients purchase multiple insurance coverages in a single policy or package of policies and subject to common limit of liability. | 02-02-2012 |
| 20120029949 | Method And System For Determining Rate Of Insurance - A method and system for determining a rate of insurance for management liability coverage which determines a base premium, a limit/retention factor, shared limit credits, and other rating considerations. The limit/retention factor, shared limit credits, and rating considerations are applied to the base premium to ascertain a resultant premium. Another aspect of the disclosure provides a method for determining a shared limit credit when insured clients purchase multiple insurance coverages in a single policy or package of policies and subject to common limit of liability. | 02-02-2012 |
| 20120029950 | Systems And Methods For Health Insurance Claim Processing - A method of processing health insurance claims includes receiving, within a claim receiver, a claim submission from a client, the claim submission identifying a policy of the client and details of the health insurance claim. The claim receiver converts, within the claim receiver, the claim submission into a claim charge to facilitate automated processing of the health insurance claim. The claim charge is validated against one or more validation rules to the identify zero, one, or more claim validation exceptions. The validation exceptions are resolved and the claim submission is settled if the validated claim charge and any remaining validation exceptions conform to settlement control data. | 02-02-2012 |
| 20120029951 | METHOD AND SYSTEM FOR VALIDATION OF CLAIMS AGAINST POLICY WITH CONTEXTUALIZED SEMANTIC INTEROPERABILITY - A method and system is provided for validating claim submissions against a claim policy that can perform a comparative analysis by comparing structured or unstructured claim submissions to semantically structured policies to direct and optimize processing of the claim submission. A method and system is also provided for enabling semantic interoperability across different proprietary electronic transaction records. Semantic queries and semantic analysis can be performed on a collection of electronic transaction records originating from different proprietary systems. | 02-02-2012 |
| 20120029952 | METHOD AND COMPUTER PROGRAM PRODUCT FOR PROCESSING INSURANCE CLAIMS ACCORDING TO A PLURALITY OF RULES - A method and a computer program product are provided for processing an insurance claim. In particular, an example method may comprise receiving policy information associated with a particular insurance policy. The policy information may comprise a plurality of rules that define one or more benefits under the insurance policy. The example method may further comprise organizing the plurality of rules into a predefined tabular format. Furthermore, the example method may comprise providing a claims processing engine with the organized plurality of rules and thereafter processing the insurance claim in accordance with the plurality of rules. | 02-02-2012 |
| 20120029953 | SYSTEM FOR MANAGING A STABLE VALUE PROTECTED INVESTMENT PLAN - Method and system to track, reconcile and administer the values of life insurance policies in separate accounts, including Stable Value Protected funds. Accordingly, targeted returns are translated into unit values on a daily basis for each fund. Additionally the system tracks restrictions (e.g., timing, amount of withdrawal and amount of reallocations) on a premium-by-premium basis, and tracks the book value, market value, duration and targeted return on a client-by-client basis. The system calculates and tracks the payments and credits applicable to a withdrawal or reallocation request, in addition to the liquidation schedules for each fund based on the payment amounts and credits of specific funds. Additionally, daily unit values are calculated given a periodic targeted return (i.e., a quarterly targeted return). | 02-02-2012 |
| 20120035964 | COMPUTER IMPLEMENTED INSURANCE SELECTION SYSTEMS AND METHODS - Disclosed herein are selection systems and methods for selecting a disability insurance package from a plurality of disability insurance packages, and for recommending the selected disability insurance package to a client. A selection system can include a query unit, a scoring unit and a recommendation unit. The query unit can present two or more prompts related to disability insurance, each prompt being associated with two or more response choices. A client can select a response choice for each prompt, and the query unit can receive the selected response choices. The scoring unit can associate point values with each of the selected response choices and can calculate a response score by combining the point values. The recommendation unit can select a disability insurance package corresponding the response score resulting from the user's responses to the prompts. Other embodiments of selection systems are also disclosed herein. | 02-09-2012 |
| 20120041790 | Insurance Transaction System and Method - The present invention is a system and method of creating insurance with a switching device that limits the liability of the insurer. | 02-16-2012 |
| 20120041791 | SYSTEMS AND METHODS FOR DE-IDENTIFICATION OF PERSONAL DATA - According to some embodiments, supplemental data may be retrieved from a supplemental data source. It may be automatically detected that a first personal insurance information value in the supplemental data source is correlated with a first personal insurance information value in the original insurance claim records source. A second personal insurance information value that was previously used to replace the first personal insurance information value in the original insurance claim records source may then be retrieved, and the first personal insurance information value in the supplemental data source may be automatically replaced with that same second personal insurance information value to provide referential integrity. | 02-16-2012 |
| 20120046973 | Unemployment Insurance Marketing System - Embodiments of the invention include systems, methods, and computer-program products that provide for a unique unemployment insurance marketing system. In one embodiment of the invention, the unemployment insurance marketing system determines selection criteria for the unemployment insurance product. The system then receives data associated with a user, the data received from a financial institution. The system compares the selection criteria with the user data to determine whether the user qualifies to receive an offer. If the user qualifies to receive an offer, the system offers the unemployment insurance to the user. In another embodiment of the invention, the offer is customized to the user's expenses. For example, the offer may be customized based on user's expenses in an online bill payment system. | 02-23-2012 |
| 20120046974 | Unemployment Insurance Underwriting System - Embodiments of the invention include systems, methods, and computer-program products that provide for a unique unemployment insurance underwriting system. In one embodiment of the invention, the unemployment insurance underwriting system receives a request to enroll in the unemployment insurance from a user. The system then receives data associated with the user from a financial institution. The system then determines the benefits to be paid to the user based, in some cases, on the data received from the financial institution. The system then determines whether the user qualifies to enroll in the unemployment insurance based on the benefits and the user data. In an embodiment of the invention, the unemployment insurance provides benefits for monthly expenses to users that have become involuntarily unemployed. | 02-23-2012 |
| 20120046975 | Rapid Insurance Market Segmentation and Savings Test - A computer method and system for quickly determining the competitive costs of a plurality of insurance companies for a consumer. The present invention provides the user with the means to input informational elements relating to their insurance profile. The insurance profile is then matched to a market segment with a plurality of insurance companies. The plurality of insurance companies within the market segment provides the needs most suitable for the matched insurance profile. An analysis of each insurance company's pricing is made in order to match a consumer insurance profile with an insurance company. | 02-23-2012 |
| 20120046976 | METHOD FOR REIMBURSEMENT FROM PRE-TAX SPENDING ACCOUNTS - A payment system for spending accounts is provided. The payment system includes a qualified vendor system, such as a point of sale system at a doctor's office, that generates purchase data and point of sale data, such as a co-pay amount, a credit card number, and a point of sale device identifier. An account management system receives the purchase data and point of sale data and generates authorized purchase data, such as by determining whether payment of co-pay can be automatically authorized based on pre-qualification of the doctor's office as an authorized source. | 02-23-2012 |
| 20120059675 | Method for the Utilization of Privately Placed Insurance Contracts as a Cohesive Operational Process for Structurally Efficient Investing, Reified as a Tax Deferred Fund - A method performed by a computer of arranging a privately placed variable annuity, including negotiating with at least one life insurance company for a standardized annuity contract; evaluating the standardized annuity contract and a plurality of investments by a plurality of specialists; performing at least one of legal analysis, regulatory analysis, due diligence, and compliance analysis with respect to the plurality of investments; using the computer to provide efficient scalability of the product, and made concrete by embodiment as a privately placed, tax deferred fund (TDF), and the selling by at least one broker of an interest in the TDF to a qualified prospect (Investor Annuitant) who thereby gains exposure to the privately placed variable annuity based on the standardized annuity contract and the plurality of investments. | 03-08-2012 |
| 20120059676 | CLAIMING SYSTEM AND METHOD - A claims and repair process including collecting accident information at birth of an accident, electronic communication to a remote site, and posting information for selecting repair and supplier parties, such as by a bid process. Any of a PDA, a mapping system, or a data collection system installed on the vehicle collects accident information at the accident site, on a tow truck, or at a facility. A PDA with a digital camera may be provided for collecting digital images. Wireless communications may be used to transfer accident information for expedited processing. A claims estimate may be made by a claims adjuster or claims wizard. An aggregate database may be employed by the claims wizard to facilitate damage assessment. The claims wizard may work interactively with a PDA device for improved data collection. Tow trucks may be dispatched to transport rental, damaged and repaired vehicles to reduce insured's involvement. | 03-08-2012 |
| 20120059677 | METHODS AND SYSTEMS FOR AUTOMATED, PREDICTIVE MODELING OF THE OUTCOME OF BENEFITS CLAIMS - A system for automated, predictive modeling of the outcome of a benefits claim includes a profile generator, an evaluation component, and a case management application. The profile generator executes on a computing device and retrieves a claimant profile associated with an adjudicated claim. The evaluation component executes on the computing device and generates a prediction of an outcome of a claim brought by a potential claimant of a government benefit, responsive to the retrieved claimant profile. The evaluation component generates a recommendation to file the claim for the government benefit, responsive to the generated prediction. The case management application executes on the computing device, receives the generated prediction of the outcome of the claim and the generated recommendation and displays at least one of the generated prediction and the generated recommendation. | 03-08-2012 |
| 20120059678 | AUTOMATION OF AUDITING CLAIMS - Described are computer-based methods and apparatuses, including computer program products, for automation of auditing claims. Data indicative of a vehicle make and model is received, the data comprising one or more make fields and one or more model fields. The one or more model fields are prepared for translation. The one or more make fields are prepared for translation by applying one or more rules from the plurality of rules. Each field of the one or more make fields is associated with one or more make model entries from a plurality of predetermined make model entries. Each field of the one or more model fields is associated with one or more make model entries from the plurality of predetermined make model entries. The data is automatically translated into one or more vehicle identifiers based on the associated make model entries. | 03-08-2012 |
| 20120066002 | METHODS OF INITIATING CRITICAL ILLNESS INSURANCE - This invention provides a method of initiating a critical illness insurance policy, comprising: receiving from or on behalf of a person interested in both critical illness insurance and banking a biological sample (i) an agreement to enroll in a critical illness insurance policy, (ii) a biological sample, and (iii) one or more payments or an agreement to make one or more payments, and testing, having tested, or requesting testing of, the biological sample, thereby initiating the critical illness insurance policy. | 03-15-2012 |
| 20120066003 | AUTOMOBILE SALES TRAINING AND PROMOTION SYSTEM - The sales of automobiles are promoted by providing to a customer a portable media player including a user interface permitting the customer to selectively play one or more walkaround instruction files so that the customer may engage in one or more guided walkaround examinations of vehicles without the presence of a salesperson. The user interface further permits the customer to send a wireless signal requesting salesperson assistance. In response to such a signal, the salesperson engages in face-to-face interaction with the customer. The training of sales personnel may be enhanced by the same or similar portable media player as is provided to the customer, allowing the sales personnel to selectively play one or more sales training files. The media player may signal a base computer of the completion of selected training files, allowing automobile dealership management to track sales training. | 03-15-2012 |
| 20120066004 | METHOD AND SYSTEM FOR PERSONAL INSURANCE COMPARISON AND ADVICE - Personally unidentifiable information (“PUI”) is received from a user at a computer device. One or more records from a database of records that match some or all of the received PUI is determined by the computing device. Insurance advice is provided to the user based on the determined one or more records by the computing device. | 03-15-2012 |
| 20120066005 | SYSTEMS AND METHODS FOR GRID-BASED INSURANCE RATING - A method for rating insurance products using a programmed computer system comprising receiving a coordinate pair including a longitude and a latitude of a location; determining a target coordinate grid block bounded by latitude and longitude lines, wherein the target coordinate grid block encompasses the coordinate pair, querying a database for a target set of existing data associated with the target coordinate grid block, wherein the existing data was associated with the target coordinate grid block prior to receiving the coordinate pair, and calculating a pure premium based at least in part on analyzing the data in the target set. | 03-15-2012 |
| 20120066006 | METHOD FOR CONVERTING GENERAL ACCOUNT LIFE INSURANCE TO SEPARATE ACCOUNT LIFE INSURANCE - A method is disclosed for converting a third-party owned life insurance policy from being guaranteed by an insurance carrier's general account to a life insurance policy guaranteed by the insurance carrier's separate account. An insurance carrier receives a request from a policy owner to convert the account from being backed by the general account to being backed by a separate account. The insurance carrier transfers cash or assets in an amount equal to the policy value of the life insurance policy from the general account to the separate account. The insurance carrier issues an endorsement to the policy owner amending the policy. In a preferred embodiment, the owner of the third-party life insurance policy is a bank. | 03-15-2012 |
| 20120066007 | System and Method for Tracking and Sharing Driving Metrics with a Plurality of Insurance Carriers - A method for determining an insurance premium cost to insure a vehicle. A wireless communication link exists between a vehicle telematics system of the vehicle and a control center remote from the vehicle. The control center has a data center including a database server and a protocol gateway exchanging data with the server, and a web portal connected to the data center. Driver metrics data associated with the vehicle and/or the driver are communicated by a vehicle telematics system to the data center and are analyzed to create a driver profile. The driver profile is shared with at least one insurance carrier who can assign a rating to the profile and, thereby, determines an insurance premium cost to insure the vehicle, which is sent to an owner or a driver of the vehicle. | 03-15-2012 |
| 20120066008 | Method and System for Processing and Optimizing Travel Insurance Transactions - A method and system for processing communications between travel service providers and travel insurers where travel service providers use different messaging formats. A travel service provider transmits itinerary data to a travel insurer in one messaging format. The travel insurer may then convert the itinerary data into a format compatible with the travel insurer's system and determine an optimal policy choice based on the itinerary data. The travel insurer may then transmit this choice to the travel service provider in the travel service provider's preferred messaging format, and the travel service provider offers the product to the consumer through the travel service provider's interface. | 03-15-2012 |
| 20120066009 | SYSTEM FOR SEARCHING AND SOLVING FOR INSURANCE PRODUCTS - A system for evaluating and scoring software products in which illustration engines relating to insurance products are run based on a common set of inputs. The illustration engines output a set of output metrics which are common to all illustration engines. The output metrics of products selected for comparison or evaluation are mathematically combined with each other and with the corresponding metrics of from all other illustration engines to determine a score which can be used to compare quickly and accurately the selected product against all other products in the database. The score may be determined by a weighted average in which the weights assigned to output metrics are adjustable at the user's discretion. | 03-15-2012 |
| 20120066010 | VEHICLE REPAIR SYSTEM - A vehicle repair system facilitates communication between multiple parties involved in the repair of a vehicle. A status engine monitors the status of a vehicle repair and provides status information to a customer so the customer can stay up-to-date on the current status. A store engine provides a marketplace where vehicle repair products can be sold. A jobs engine provides a jobs board where job openings can be posted. | 03-15-2012 |
| 20120066011 | DRIVING ASSISTANCE METHOD AND DEVICE - The present invention measures the frequency of occurrence of behaviors of a particular behavior for each time within a predetermined driving unit for each type of driving behaviors and causes the measured frequency of occurrence on a display unit as a driving evaluation index aimed at attaining a zero number each time the particular behavior takes place. Also, for each type of the driving behaviors, based on the frequency of occurrence of the particular behavior, which is a proportion of the number of occurrence of the particular behavior for each type relative to a predetermined driving time, which is the predetermined driving unit, the mean time between incidents of the particular behavior is calculated and the calculated mean time between the incidents is used as the driving evaluation index. | 03-15-2012 |
| 20120066012 | SYSTEM AND METHOD FOR ASSESSING A CONDITION OF AN INSURED PROPERTY - A system and method for assessing a condition of property for insurance purposes includes a sensor for acquiring a spectral image. In a preferred embodiment, the spectral image is post-processed to generate at least one spectral radiance plot, the plot used as input to a radiative transfer computer model. The output of the model establishes a spectral signature for the property. Over a period of time, spectral signatures can be compared to generate a spectral difference, the difference attributed to a change in the condition of the property, such as a fire or flood. In response to the change, an insurance company initiates an insurance-related action such as processing a claim. | 03-15-2012 |
| 20120072239 | SYSTEM AND METHOD FOR PROVIDING A HOME HISTORY REPORT - A system for creating a report includes a server configured (i) to retrieve public information from publicly available data sources and (ii) to retrieve private information from a private date source, each of which is based upon input from a user; an interface to an retrieve insurance quote based upon the input, wherein the server is further configured to generate a report comprising the public information and private information and the insurance quote. | 03-22-2012 |
| 20120072240 | SYSTEM AND METHOD FOR PROVIDING GROUP DIVIDENDS - Systems and methods for providing dividends to customers are disclosed. The system includes a database for storing data and a business logic processor for determining a dividend to provide to a customer. The stored data includes eligibility criteria for membership in one of a plurality of group dividend plans, data about customers assigned to the plans, and premium payments associated with the customers. The business logic processor receives eligibility data related to a customer's eligibility for assignment to a group dividend plan. The business logic processor uses the received data to identify a dividend group plan that a customer is eligible to join and assigns the customer to the identified plan. Finally, the business logic processor calculates a dividend to provide to the customer based on the assigned plan. | 03-22-2012 |
| 20120072241 | SYSTEM AND METHOD FOR ENCOURAGING SAFETY PERFORMANCE - Systems and methods are disclosed herein for sharing of information related to insurance customers' participation in a group dividend plan. The system includes a database and a business logic processor in communication with the database. The database stores data regarding a plurality of insurance group dividend plans, including, for each plan, data about a group of customers assigned to the plan and safety data associated with each of the assigned customers. The business logic processor can obtain safety data associated with customers in the group. The business logic processor can provide the obtained safety data associated with one customer to a different customer via a social networking application or other interactive graphical user interface. The business logic processor can also determine a dividend to provide to each of a group of customers based at least partially on the safety data. | 03-22-2012 |
| 20120072242 | SYSTEM AND METHOD FOR ADMINISTRATION OF NEW BUSINESS SUBMISSIONS - A computer system includes a web server component and a rules engine component in communication with the web server component. The rules engine component receives input rating information that is relevant to insurance coverage rating decisions. The rules engine component applies rating rules to the input rating information to generate premium quotations for a proposed insurance policy. The web server component downloads a quotation display page to a client computer. The quotation display page includes two different quotation sections positioned side-by-side. Each quotation section provides a different premium quotation, with the premium quotations based on mutually different sets of input rating information. | 03-22-2012 |
| 20120072243 | MONITORING CUSTOMER-SELECTED VEHICLE PARAMETERS - Vehicle insurance customers select parameters for monitoring using one or more telematics devices. The parameters may comprise an operating characteristic associated with at least one vehicle associated with a personal insurance product. Selection and measurement of parameters may result in lower insurance premiums. In one embodiment, an apparatus causes, based on a user selection of at least one of a plurality of menu-selectable options, a remotely programmable memory of at least one monitoring device to store an indication of the monitoring parameters represented by the user selection. | 03-22-2012 |
| 20120072244 | MONITORING CUSTOMER-SELECTED VEHICLE PARAMETERS - Business insurance customers select parameters for monitoring in vehicle fleets using one or more telematics devices. The parameters may comprise an operating characteristic associated with fleet vehicles associated with a business insurance product. Selection and measurement of parameters may result in lower insurance premiums. In one embodiment, an apparatus causes, based on a user selection of at least one of a plurality of menu-selectable options, a remotely programmable memory of at least one monitoring device to store an indication of the monitoring parameters represented by the user selection. | 03-22-2012 |
| 20120072245 | LIFE INSURANCE PRODUCTS UNDER A SINGLE APPROVED FORM - A system and method for generating life insurance products under a single approved form. In one aspect, a system and method are provided for determining a premium schedule by selecting a death benefit; targeting a projected balance of an account associated with the product; designating at least one premium band; generating, in response to a deferral determination for at least one premium-based charge for at least one premium band, factors for allocating charges associated with the product; and calculating the premium schedule. In another aspect, a system and method are provided for determining a death benefit, and in another aspect, a system and method are provided for determining a projected balance of an account associated with a life insurance product. | 03-22-2012 |
| 20120072246 | Efficient Market For Financial Products - A data processing system is disclosed that provides an efficient market for financial products in which statistics regarding a plurality of stored data records containing financial product underwriting standards are calculated, stored in a data storage device, then made available to a data processing system participant at a price which is reduced for fees obtained from transactions associated with the data processing system participant in accordance with a predetermined netbacking schedule stored in a netbacking database, and/or based on the data processing system participant providing one or more financial product data records. | 03-22-2012 |
| 20120072247 | Risk Modeling System - A system including a general-purpose decision support and decision making predictive analytics engine that is able to find patterns in many types of digitally represented data. Given data that represents a random collection of points, the system finds these internal patterns employing an inductive principle called structural risk minimization that separates the points with the maximum margin. Internal patterns in the initial data are inductively determined by employing structural risk minimization to separate the points with a maximum margin. A model based on the internal patterns in the data is then generated, and the model is used with new data to generate predictions by evaluating the new data for similarities to the model. The model is implemented to facilitate decision making processes. Special features are provided to validate incoming data, preprocess the data, and monitor the data to improve the integrity of modeling results. Results are delivered to users by a reporting capability that facilitates the decision making processes that are inherent to a business enterprise. | 03-22-2012 |
| 20120072248 | System and method for managing investment risk in satellite operator companies - In order to mitigate risk of satellite investment loss, a satellite loss event or failure event for a satellite that will be operated by a satellite operator company is identified. Financial investors in the satellite operator company are identified. Actuarial data corresponding to prior satellite loss events or failure events substantially corresponding to the satellite loss event or failure event are identified. An investment loss mitigation insurance policy based at least in part on the identified actuarial data is developed. The investment loss mitigation insurance policy is offered to the identified financial investors. Premiums are received from financial investors that subscribe to the investment loss mitigation insurance policy, and the investment loss mitigation insurance policy is placed with an underwriting pool in exchange for at least a portion of the received premiums. | 03-22-2012 |
| 20120078666 | SYSTEMS AND METHODS FOR INSURING CONTINGENT LIABILITIES - Disclosed herein are insurance systems and methods to provide insurance for contingent liabilities. An insurance system can customize an insurance product for a company to cover a contingent liability, wherein the cost of the insurance product considers various factors, including, for example, likelihood of the contingency associated with the contingent liability, the estimated value of the obligation potentially arising from the contingent liability, and the estimated timeframe until the contingency is resolved. Purchasing the insurance product can enable the company to more accurately reflect its financial position in a balance statement and, thus, to more appropriately disburse funds to shareholders. Other embodiments of the insurance systems and methods are also disclosed. | 03-29-2012 |
| 20120084102 | Systems and Methods for Electronic Insurance Policy Delivery - A system and method in which data regarding an insurance policy to be presented to a consumer for review and execution is stored in one or more databases. The consumer is presented with one or more electronic messages indicating that the insurance policy is available for review and inquiring as to whether the consumer agrees to review and execute the policy in electronic form. After receiving an electronic indication from the consumer that he agrees to review and execute the policy in electronic form, the policy is presented to the consumer in electronic form. After receiving an electronic indication from the consumer of agreement to review and execute the insurance policy in electronic form, the consumer is electronically presented with one or more options for enhancing the insurance coverage without performing any additional underwriting for the policy. | 04-05-2012 |
| 20120084103 | System and Method for Estimating Loss Costs and Propensity of an Insured Vehicle and Providing Driving Information - A system for estimating loss costs for a vehicle is provided. A server is provided in communication with a network, and electronically obtains location information over a period of time from a telematics device installed in a vehicle and transmitted to the server over the network. At least one driving territory is identified, through which the vehicle is driven. At least one garaging loss cost associated with the vehicle is identified, and the system calculates at least one level of exposure for the vehicle based upon the at least one driving territory through which the vehicle is driven. The at least one garaging loss cost and the at least one level of exposure are processed to calculate a driving loss cost for the vehicle, which can be transmitted to a third party in communication with the server over the network for subsequent use by the third party. | 04-05-2012 |
| 20120084104 | SYSTEM AND METHOD FOR SELLING INSURANCE USING RAPID DECISION TERM - An insurance company sells a life insurance policy having a coverage period. The policy provides a total benefit amount which includes an all-cause benefit amount and an accidental death only benefit amount. The policy is initially underwritten on a limited basis and the ratio of the all-cause benefit to the accidental death benefit is low. The insured has the option of providing material to enable comprehensive underwriting and to enable risk classification. If the risk classification improves the policy benefits, the mix of coverage is adjusted to include a higher ratio of the all-cause benefit amount to the accidental death only benefit amount. If the insured does not provide any additional information or materials, or if the materials provided do not result in an underwritten risk classification that enables the policy provisions to be improved, the mix of coverage remains unchanged. | 04-05-2012 |
| 20120089422 | GRAB-N-GO Emergency Portfolio for Critical Documents/Photos - The GRAB-N-GO Emergency Portfolio for Critical Documents/Photos is a highly visible, comprehensive, organized and portable emergency portfolio containing your most critical documents and photos backed-up by a USB flash drive. | 04-12-2012 |
| 20120089423 | TRAFFIC INFORMATION SYSTEM - A method of evaluating the driving behavior in a vehicle. The method includes determining values of a plurality of parameters of the operation of a first vehicle in a first road segment, determining values of the plurality of parameters for one or more second vehicles in a second road segment having similar properties to those of the first road segment, comparing the determined values of the first vehicle and the one or more second vehicles and providing an evaluation of the driving behavior of the first vehicle, responsive to the comparison. | 04-12-2012 |
| 20120095782 | SYSTEM AND METHOD FOR MANAGING DERIVATIVE MARKET INSURANCE TRANSACTIONS - Risk characteristic information is received concerning a property that is to be insured by an insurance company. The risk characteristic indicates sensitivities of the property to commodity prices. Commodity futures information is also received. The commodity futures information indicates futures contract prices for at least one commodity. An insurance pricing model is stored. The insurance pricing model operates to base pricing of insurance policies at least in part on the commodity futures information. A premium quotation for insuring the property is generated based at least in part on the insurance pricing model and the commodity futures information. | 04-19-2012 |
| 20120095783 | SYSTEMS AND METHODS FOR HOME INVENTORY AND INSURANCE - A method of operating a home inventory and insurance system includes providing a processor, providing a home inventory database coupled to the processor, and providing an insurance database coupled to the processor. The method also includes receiving data related to an item purchased by a user, determining, using the processor and the insurance database, a policy cap for an insurance policy associated with the user, and determining, using the processor and the insurance database, that adding the item to the insurance policy will result in a value of items covered by the insurance policy exceeding the policy cap by a predetermined amount. The method further includes providing, using the processor, an insurance quote for an updated insurance policy having a new policy cap greater than or equal to the policy cap plus the predetermined amount. | 04-19-2012 |
| 20120095784 | MEDICATION INSURANCE SYSTEMS AND METHODS - A computer-readable medium storing computer readable instructions for: (1) receiving a request to fill a prescription for a prescribed medication; (2) determining whether it would be possible to legally replace the prescribed medication if the prescribed medication were to become subject to an event selected from a group consisting of loss, theft, and damage; and (3) in response to determining that it would be possible to legally replace the prescribed medication if the prescribed medication were to become subject to an event selected from a group consisting of loss, theft, and damage, facilitating the offering of a medication insurance plan covering the prescribed medication. The medication insurance plan may, for example, insure the prescribed medication against loss, theft, and/or damage. | 04-19-2012 |
| 20120095785 | METHOD OF MANAGING AN INSURANCE SCHEME AND ASYSTEM THEREFOR - A method and system for managing an insurance scheme includes receiving claim data from an insured person, the claim data including information pertaining to the occurrence of an insured event and the amount of a claim to an insurer. The claim data is analysed to determine a total amount payable to the insured person. An amount to be paid to the insured person from a life insurance fund of the insured person is calculated and an amount to be paid to the insured person from the insurer is calculated wherein the amount paid from the life fund and the amount paid from the insurer equal the total amount payable. | 04-19-2012 |
| 20120095786 | Business Process Automation In A Health Plan Organization - The computer implemented method and system disclosed herein automates business processes of a health plan organization using a plurality of portals. The portals comprise a sales portal, a member portal, an employer portal, an administration portal, and a provider portal. Health plans are listed using the sales portal. A sales agent proposes at least one of the health plans to a consumer using the sales portal. The administration portal generates insurance quotes for the proposed health plans. The consumer enrolls for the proposed health plans using one of the member portal and the employer portal. The consumer is billed for the enrolled health plans based on the insurance quotes using the administration portal. The consumer pays a premium amount online for the enrolled health plans using the member portal or the employer portal. The administration portal then generates commissions for the sales agent for the enrolled health plans. | 04-19-2012 |
| 20120095787 | INTELLIGENT ROUTER FOR MEDICAL PAYMENTS - One or more servers ( | 04-19-2012 |
| 20120095788 | METHOD AND SYSTEM FOR FULFILLING ANCILLARY NEEDS RESULTING FROM PROPERTY AND OTHER SIMILAR LOSSES - A method to fulfill ancillary needs acquired as a result of property and other similar losses includes the steps of receiving insurance claims data input by claimants, storing and analyzing the insurance claims data, aggregating ancillary services and transmitting them to the claimants, and enabling claimants to communicate directly with ancillary services providers. Ancillary needs may include emergency auto rental, emergency housing, or loss prevention services. In addition, a system to fulfill ancillary needs includes a web server generating a site that allows claimants to input insurance claims data, a data warehouse for storing the insurance claims data, the application server including a claim data analyzing component for identifying claimants and verifying insurance coverage and an ancillary services component for aggregating ancillary services and transmitting them to claimants, and wherein the servers enable claimants to communicate directly with ancillary services providers. | 04-19-2012 |
| 20120095789 | SYSTEM AND METHOD FOR PROCESSING PAYROLL RELATED INSURANCE PREMIUMS - A computer process for determining an insurance premium comprises: validating username/passwords; receiving payroll data asynchronously or scheduled in real time; extracting payroll data required for premium determination; detecting the presence or absence of fraud related to the payroll data; applying state jurisdictional inclusion and exclusion rules applicable to workers' compensation premiums; transferring premium to a billing system for debiting the customer account. The structural elements to the system are: a payroll system configured with an accounting/bookkeeping software where regular payroll data resides; a utility that permits reading payroll accounts residing in the accounting/bookkeeping software; an Internet connection having a browser; a filter to allow extraction of payroll data exclusive of other payroll deductions; a rules engine customized to a particular remote payroll system that includes a mechanism to separate different occupations and a billing system. | 04-19-2012 |
| 20120101850 | METHODS FOR OFFERING AND/OR PROVIDING ATTORNEYS' FEES INSURANCE - The present invention provides an attorneys' fees policy method, comprising importing case leads and disseminating the leads to a sales representative, receiving application data of the insured party into an attorneys' fees insurance database and uploading the application, an attorneys' fee contract and a related formal legal complaint, requesting underwriting approval of the attorneys' fee policy application, placing the attorneys' fee policy into active status if underwriting is approved, and receiving data on the approved attorneys' fee policy and initiating a policy issuance process. | 04-26-2012 |
| 20120101851 | SYSTEMS FOR OFFERING AND/OR PROVIDING ATTORNEYS' FEES INSURANCE - The present invention provides an attorneys' fees policy system, comprising means for importing case leads and disseminating the leads to a sales representative, means for receiving application data of the insured party into an attorneys' fees insurance database and uploading the application, an attorneys' fee contract and a related formal legal complaint, means for requesting underwriting approval of the attorneys' fee policy application, means for placing the attorneys' fee policy into active status if underwriting is approved, and means for receiving data on the approved attorneys' fee policy and initiating a policy issuance process. | 04-26-2012 |
| 20120101852 | SYSTEM AND METHOD FOR DETERMINING INSURANCE ADJUSTMENTS BASED ON A LIFE EVENT - A system and method are disclosed herein for determining an insurance policy adjustment based on information indicative of life events. The system includes a server, a database, and a business logic computer. The database receives from a user an indication of an occurrence of a life event experienced by the user. The database stores insurance parameter data associated with the user. The business logic computer communicates with the server and database. The business logic computer can receive the user indication via the server and poses questions to send to the user based on the indicated life event. The business logic computer can send the questions to the user via the server. After receiving the user's answers to the questions, the business logic computer determines an insurance policy adjustment based on the answers and the indicated life event. | 04-26-2012 |
| 20120101853 | SYSTEM FOR PROVIDING SECONDARY CREDIT PROTECTION FOR LIFE AND ANNUITY POLICIES, TRACKING UNPAID CLAIMS - A method for providing insurance in a distributed computing network having a server and a plurality of clients including the steps of determining a corporate bond price associated with a corporate bond of a holding company in the server, determining an interpolated swap rate for the bond based on the corporate bond price and premium in the server, determining a present weighted value of premiums associated with the corporate bond in the server, determining an overcollateralization ratio of the holding company in the server, determining implied asset volatility for the corporate bond in the server, determining an implied put price for the corporate bond and a CDS premium for the insurance company in the server, and offering a secondary credit protection product for users associated with the clients. | 04-26-2012 |
| 20120101854 | Program for Alternative Funding of Employee and Retiree Benefits - An insurance program for funding benefits by maintaining assets in the insurance program that includes an employer or employee owned trust account and at least one life insurance contract obtained directly or indirectly from a captive insurance company. The life insurance contract is purchased with assets from the trust account and the captive insurance company is a least partially owned by the employer. When paying or reimbursing benefits, the employer or the trust may pay the benefit and if the employer pays the benefit, the trust may reimburse the employer. | 04-26-2012 |
| 20120101855 | MONITORING CLIENT-SELECTED VEHICLE PARAMETERS IN ACCORDANCE WITH CLIENT PREFERENCES - Business insurance clients select parameters and/or preferences for monitoring in vehicle fleets using one or more telematics devices. The parameters and/or preferences may comprise an operating characteristic associated with fleet vehicles associated with a business insurance product. Selection and measurement of parameters and/or preferences may result in lower insurance premiums. In one embodiment, an apparatus causes, based on a user selection of at least one of a plurality of menu-selectable options, a remotely programmable memory of at least one monitoring device to store an indication of the monitoring parameters and/or preferences represented by the user selection. | 04-26-2012 |
| 20120101856 | METHOD AND SYSTEM FOR PROCESSING OF DATA RELATED TO INSURANCE - This invention relates generally to a computer system and method for integrating insurance policy underwriting. In one aspect it integrates the older legacy insurance policy generating systems to on line systems where users access the system through browsers. The computer system to perform the process of underwriting, rating, quoting, binding, and booking an insurance policy includes browsers, data bases, processors and a dispatcher that parses the information to select an insurance process. Suitable software programs review messages received from users to determine if certain messages are less than a prescribed limit. If a message is greater than the limit, then the message is parsed into a header information and one or more data fields whereby the header information is provided to a legacy processor and to policy generation software for further creation of policy related information and documentation. | 04-26-2012 |
| 20120101857 | SYSTEM AND METHOD FOR PROCESSING AND ADMINISTERING IMMEDIATE AND DEFERRED GUARANTEED INCOME PAYMENTS - A system is provided for administering immediate and deferred payments in any of a plurality of different payout schemes selected by a purchaser to accommodate varying retirement income needs. The system can be configured to administer an immediate income annuity where payments start within a predetermined time period year and the system can also administer a deferred payout annuity through a single dual natured payout contract. Additional options available for administration by the system include options to permit the contract owner to change the annuity commencement date and the ability to commute future period certain periodic payments into a single lump sum payment. | 04-26-2012 |
| 20120109690 | SYSTEM AND METHOD FOR RAPID EXCHANGE OF ACCIDENT SCENE DATA - A system and method are disclosed for rapidly exchange accident related information. Data locator codes representing people and respective vehicles the people are insured to drive are generated and stored by central server. Software is installed on mobile devices that interface with the central server, and the software is configured with at least one of the data locator codes. A notification regarding an accident event involving two parties is received via the software. The central server receives accident information, which may include a data locator code the other driver, as well as images, voice messages or text information representing the accident. The central server uses the information to contact respective insurers of the parties, processes the data, and the parties can depart the scene without a need for police or other emergency care personnel. | 05-03-2012 |
| 20120109691 | CHECK FRAUD PROTECTION SYSTEMS AND METHODS - Check fraud protection method in which customer is automatically enrolled in check fraud protection service without separately subscribing to the service. In the event of fraudulent activity, customer requests compensation from financial institution and retains the exclusive right of recovery from financial institution. If customer is not fully compensated by financial institution, the difference is paid to customer by service provider or an insurer thereof, and new checks for a new checking account are provided to customer free of charge. A custody indicator may also be used to determine chain of custody data that can be used to track the source of fraudulent activity if the fraud was perpetrated by someone involved in the check printing or delivery process, and for this purpose, a check order or individual checks may have respective indicators such as sequential serial numbers. | 05-03-2012 |
| 20120109692 | MONITORING CUSTOMER-SELECTED VEHICLE PARAMETERS IN ACCORDANCE WITH CUSTOMER PREFERENCES - Vehicle insurance customers select parameters and/or preferences for monitoring using one or more telematics devices. The parameters and/or preferences may comprise an operating characteristic associated with at least one vehicle associated with a personal insurance product. Selection and measurement of parameters and/or preferences may result in lower insurance premiums. In one embodiment, an apparatus causes, based on a user selection of at least one of a plurality of menu-selectable options, a remotely programmable memory of at least one monitoring device to store an indication of the monitoring parameters and/or preferences represented by the user selection. | 05-03-2012 |
| 20120109693 | RECEIPT INSURANCE SYSTEMS AND METHODS - Receipt insurance systems and methods provide protection to consumers against losses which may result from failure to possess a physical receipt or proof of purchase for retail purchase transactions. In one embodiment, a third party receipt insurer insures or guarantees consumers or purchasers of benefits associated with having possession of a receipt or other proof of purchase for a retail purchase without the need for possession of a physical or paper receipt. A receipt insurance agreement between a receipt insurance provider and a consumer protects the consumer against a loss of consumer rights or personal property insurance rights resulting from a lost receipt by electronically storing for retrieval, if necessary, an electronic record of all of the receipt information. | 05-03-2012 |
| 20120116819 | TRAFFIC COLLISION INCIDENT VISUALIZATION WITH LOCATION CONTEXT - A mapping data of a location associated with a traffic collision incident can be presented within an automobile incident application interface executing within a computing device. A visualization of the incident can be performed within the interface. The visualization can be a computer generated graphic re-creation of the incident having a starting location and a collision location associated with an object model. The object model can be a graphical representation of a vehicle. A user input can be received during the visualization. The user input can include manipulating the position of an object model presented upon the mapping data. The manipulation can be a translation, rotation, and/or scaling operation. The object model can be associated with visualization data which can link the object model with a heading and/or a track. The appropriate heading and track of the object model can be visually presented within the interface. | 05-10-2012 |
| 20120116820 | SYSTEM AND METHOD FOR ACTIVE INSURANCE UNDERWRITING USING INTELLIGENT IP-ADDRESSABLE DEVICES - A system and method are disclosed herein for maintaining an inventory of assets located at an insured property covered under an insurance policy based on data received from IP-addressable devices located at the property. The system includes an inventory database for storing inventory information about assets located at an insured property, a communication interface for receiving registration and operational data associated with an IP-addressable device, and a business logic computer. The business logic computer creates a data structure for storing inventory information about assets located at the insured property in the inventory database for each insured property. The business logic computer determines, for the insured property, the inventory information about the insured property's assets based on registration and operational data received from its IP-addressable devices located at the property. The business logic computer stores the insured property's inventory information in its associated data structure in the inventory database. | 05-10-2012 |
| 20120116821 | SYSTEM AND METHOD FOR CORRELATING A SELLER'S INSURANCE CLAIM WITH A BUYER'S COMPLAINT - A method and a system for maintaining a record of a shipping insurance elected by a seller eligible to purchase the shipping insurance for an item to be shipped to a buyer are described. A claim and complaint module receives a complaint from the buyer and a claim from the seller. A claim processing module processes the claim from the seller based on the corresponding complaint from the buyer. | 05-10-2012 |
| 20120116822 | SYSTEM AND METHOD FOR DYNAMIC PRICING OF AN INSURANCE POLICY - A storage device stores a profile of a seller of an electronic marketplace. An insurance pricing generator module computes a shipping insurance rate for the seller based on the profile of the seller. The shipping insurance rate for the seller is computed based on the insurance coverage selected by the seller. The profile of the seller has an electronic marketplace profile of the seller and an insurance profile of the seller. A record of the shipping insurance elected by a seller eligible to purchase the shipping insurance at the shipping insurance rate for an item to be shipped to a buyer is maintained. A claim and complaint module receives a complaint from the buyer and a claim from the seller. A claim processing module processes the claim from the seller based on the corresponding complaint from the buyer. | 05-10-2012 |
| 20120116823 | SYSTEM AND METHOD FOR PROVIDING SHIPPING INSURANCE AS A SERVICE - A shipping insurance service application has an electronic marketplace platform interface, a shipping insurance module, and an insurance provider module. The electronic marketplace platform interface communicates with at least one electronic marketplace application. The shipping insurance module provides a shipping insurance policy to a seller of the corresponding electronic marketplace application and processes a claim from the seller of the corresponding electronic marketplace application based on the shipping insurance policy. The carrier module obtains the shipping insurance policy from an insurance provider among a plurality of insurance providers. | 05-10-2012 |
| 20120116824 | SYSTEM AND METHOD FOR ADMINISTERING TELEMATICS BASED REINSURANCE POOLS - A data processing system includes a processor that is configured for determining a percentage share to assign a share of relative risk in an insurance pool between an insurer, a first safety vendor and at least one other safety vendor. The processor is further configured to allocate portions of the insurance pool among the insurer and the safety vendors according to the determined shares assigned to the insurer and the safety vendors, to aggregate by the insurer loss information related to the insurance pool, and transmit the loss information to the safety vendors. Also, the processor is configured to allocate portions of a claim liability or a received premium associated with the insurance pool among the insurer and the safety vendors according to the determined shares assigned to the insurer and the safety vendors. The data processing system also includes a memory for storing the determined shares assigned to the insurer and the safety vendors. | 05-10-2012 |
| 20120123806 | SYSTEMS AND METHODS FOR PROVIDING A SAFETY SCORE ASSOCIATED WITH A USER LOCATION - Pursuant to some embodiments, insurance systems, methods and devices are provided which include a data storage device for storing, updating and providing access to loss risk score data. In some embodiments, a request for information associated with a user's location identified by user location data may be received over a communications network. A computer processing system may then be operated to generate a safety score associated with said use location data, the safety score being based on a plurality of loss risk factors associated with the user location data. A response, including the safety score, may then be transmitted to the user over the communications network. | 05-17-2012 |
| 20120123807 | SYSTEMS, METHODS, AND APPARATUS FOR ENTERPRISE BILLING AND ACCOUNTS RECEIVABLE - Systems, apparatus, methods and articles of manufacture provide for an integrated operations management system for revenue management and/or billing and accounts receivable (e.g., in an insurance or other financial context). In some embodiments, an operations management system provides for determining a complexity rating for an account (e.g., a loss sensitive insurance account). In some embodiments, the complexity rating may be based on respective answers (e.g., provided by an end user) to one or more survey questions. In some embodiments, the complexity rating may be used for determining a billing priority rating for an account. | 05-17-2012 |
| 20120123808 | Systems and Methods for Insurance Verification - Systems and methods for verifying insurance coverage are provided. A method may include registering data for one or more users, the data including information designating one or more insurance providers for the users. The method may further include transmitting, via a communications network, an insurance verification request to the designated insurance providers, the insurance verification indicating one or more insurance requirements for the user. The communications network may be the internet. A response to the insurance verification request from the designated insurance providers may be received via the communications network. The response may indicate whether insurance associated with the user complies with the one or more insurance requirements. One or more notifications regarding whether the insurance associated with the user complies with the one or more insurance requirements may be transmitted. The insurance verification request may be retransmitted so as to re-verify the user complies with the insurance requirements. | 05-17-2012 |
| 20120123809 | System and Method for Processing Data Related to Insurance Coverage for a Plurality of Risks - A computer system for processing of data associated with insurance coverage includes a data storage device storing data indicative of: an insured; an aggregate benefit amount, the aggregate benefit amount being a maximum benefit amount payable under the insurance coverage; a first category of health risks; a second category of health risks; a first benefit allocation corresponding to the first category of health risks; and a second benefit allocation corresponding to the second category of health risks; the benefit allocations being fractions of and totaling the aggregate benefit amount. A processor of the system is configured to, responsive to the receipt of data indicative of a claim, determine eligibility for a benefit, and responsive to determining that the insured is eligible, provide output data indicative of a benefit amount, the benefit amount for each of the categories of health risks having a maximum equal to the corresponding benefit allocation. | 05-17-2012 |
| 20120123810 | Using Commercial Share of Wallet to Manage Vendors - Commercial size of spending wallet (“CSoSW”) is the total business spend of a business including cash but excluding bartered items. Commercial share of wallet (“CSoW”) is the portion of the spending wallet that is captured by a particular financial company. A modeling approach utilizes various data sources to provide outputs that describe a company's spend capacity. Government agencies, procurement departments, and others that patronize small businesses can use CSoW/CSoSW to determine businesses that should be awarded contracts and businesses that should be denied. CSoW/CSoSW may also be used to manage approved vendor lists. | 05-17-2012 |
| 20120130750 | AUTOMATED INSURER INSURED INTERACTIONS - A computerized immediate settlement insurance claim payment system comprising insurance policy issuing functionality for issuing an insurance policy to an insured, and associating the policy with an insurance card to be presented by the insured in association with a card reader to cover the cost of an insurance event, the policy including a chargeback provision allowing the insurer to charge back payments made to the insured via an identified credit card of the insured; automatic insurance claim verification functionality operative to verify the right of the insured to receive payment from the insurer by verifying at least one of the value of the payment, the type and location of the recipient; insurance claim documentation requesting functionality operative to request from the insured documentation of the insured event; and chargeback functionality operative to charge back, in the absence of documentation, at least part of the payment via the identified credit card. | 05-24-2012 |
| 20120130751 | SYSTEMS AND METHODS FOR FACILITATING THE REPORTING OF AN INJURY CLAIM TO AN INSURANCE COMPANY - In accordance with one or more embodiments, a method of operating an insurance claim management system provides for receiving, in a claim reporting system, information related to a report of a injury claim, the information being provided by an insurance medical liaison located at a location at which the injured worker's injury has been evaluated. The information may also be indicative of an evaluation, by the insurance medical liaison, of at least one of a work-related injury and an injured worker. The method further provides for establishing a record in the claim reporting system for the claim based at least in part on the information received from the insurance medical liaison. | 05-24-2012 |
| 20120130752 | SYSTEM AND METHOD FOR MANAGING ELECTRONIC ACCOUNTS IN RESPONSE TO DISABILITY DATA - A computer system includes a data storage device that stores a database. The database contains data relating to insurance policies that cover insured individuals. The computer system also includes an input device that is configured to receive data that indicates an employment status for the individuals. A processor is programmed to receive the data that indicates employment status and to adjust data that represents at least one attribute of the insurance policies in response to the employment status data. | 05-24-2012 |
| 20120130753 | GPS Pathfinder Cell Phone and Method - A device and system for use in emergency management operations before and after a disaster. The system can also be readily customized for use in other markets and scenarios that are outside of disaster response. The device incorporates a GPS and/or a radio and/or cell phones with very simplified, pre-programmed instructions which are uploaded automatically in the device's memory via wireless technology prior to the unit's first use at a disaster site. Radios on the units can enable the searchers to audibly communicate with each other without cell towers. The system can be employed by cleanup teams, insurance adjusters, and any number of pre- or post-teams both focused on short and long term recovery operations. The system can also export data gathered in the field, as well as integrate this data with other pre-existing software via software APIs contained within the system and cell phone software. | 05-24-2012 |
| 20120130754 | Novel Method and Apparatus For Repricing a Reimbursement Claim Against a Contract - A method for repricing a reimbursement claim under at least one contract is provided herein. The method may include a combination of steps such as: converting each contract into a series of contractual terms; converting a claim into a series of claim lines, containing claim codes, unit numbers and corresponding charges for the claim codes; comparing claim codes and contractual terms and identifying matches therebetween; determining any priority conditions associated to the matching contractual terms, and eliminate any matching contractual terms that are excluded by the priority conditions; calculating the reimbursement amount for the claim by determining the reimbursement charges for the non-excluded matching contractual terms; and determining and making any adjustments depending upon any discount terms for the entire reimbursement amount. | 05-24-2012 |
| 20120130755 | Risk mitigation in a virtual world - Embodiments include an apparatus, device, system, computer-program product, and method. In an embodiment, a system includes a computer-simulated environment wherein a participant is able to take part. The system also includes a risk management element of the computer-simulated environment, and a computer storage medium operable to save a record of the arrangement. | 05-24-2012 |
| 20120136681 | Program for Alternative Funding of Employee and Retiree Benefits - An insurance program for funding benefits by maintaining assets in the insurance program that includes an employer or employee owned trust account and at least one life insurance contract or non-cancelable accident and health insurance contract obtained directly or indirectly from a captive insurance company. The life insurance contract or non-cancelable accident and health insurance contract is purchased with assets from the trust account and the captive insurance company is at least partially owned by the employer. When paying or reimbursing benefits, the employer or the trust may pay the benefit and if the employer pays the benefit, the trust may reimburse the employer. | 05-31-2012 |
| 20120143629 | OUTCOMES BASED SERVICE PROVIDER NETWORKS - Disclosed herein are technologies that may be used to determine the composition of service provider networks. Service providers may be compared based on a number of metrics related to the services they provide. As an example, medical service providers may be compared based on factors such as how quickly patients in their care recover from injuries, and how satisfied patients are with the care they receive. A service provider network may be defined as including only service providers with metrics that meet a given threshold. In the context of workers' compensation insurance, the disclosed technologies may be used to direct injured workers to medical service providers that provide superior care, thereby achieving better outcomes for injured workers. | 06-07-2012 |
| 20120143630 | THIRD PARTY VERIFICATION OF INSURABLE INCIDENT CLAIM SUBMISSION - Incident data for an insurance claim associated with an incident can be received by an incident application executing within a computing device. The incident can be an insurable event associated with an insurance policy of an insurance carrier. The incident data can be simultaneously conveyed to an independent third party entity as a serialized data format and as an insurance claim to the insurance carrier. The third party entity can automatically verify the incident data and generate a verification report. The verification report can be associated with the incident claim. The verification report can be communicated to the insurance carrier which can be utilized to determine the validity of the insurance claim. | 06-07-2012 |
| 20120143631 | APPARATUSES, METHODS, AND SYSTEMS FOR BUILDING A RISK EVALUATION PRODUCT - The present disclosure describes an approach to constructing and implementing risk rating products that provides a number of advantages. Instead of hard-coding attributes of a risk rating scheme, which requires the assistance of a trained programming specialist for any modifications, adjustments, or new products, the present invention provides a set of modular tools that assist non-specialists in on-the-fly generation and implementation of risk rating products. The modularity of this approach facilitates the modification and/or updating of a system component without affecting the operation of other components. Described herein are embodiments of a risk rater data-structure, which comprises an abstracted representation of a risk rating scheme that may be loaded into and/or interpreted by other system components to generate a user interface for processing risk information and generating insurance quotes. | 06-07-2012 |
| 20120143632 | METHODS AND APPARATUS FOR CALCULATING OPTIMAL SOCIAL SECURITY ELECTION DECISIONS - In some embodiments, a non-transitory processor-readable medium stores code representing instructions to cause a processor to receive, from a user, an input of at least one value associated with financial information of a married couple, and calculate, using the at least one value, an average indexed monthly earnings (AIME) value and a primary insurance amount (PIA) value for each individual from the married couple. The code represents instructions to cause the processor to calculate, using the AIME value or the PIA value for each individual from the married couple, a set of Social Security election outcomes using each election strategy from a set of election strategies for each age combination from a set of age combinations for the married couple. The code further represents instructions to cause the processor to present the set of Social Security election outcomes to the user. | 06-07-2012 |
| 20120143633 | SYSTEM AND METHOD FOR FORECASTING FREQUENCIES ASSOCIATED TO FUTURE LOSS AND FOR RELATED AUTOMATED OPERATION OF LOSS RESOLVING UNITS - Proposed is a system and method for forecasting frequencies associated to future loss and loss distributions for individual risks of a plurality of operating units ( | 06-07-2012 |
| 20120143634 | Systems, Methods, and Computer Program Products for Processing Insurance Claims - Systems, methods, and computer program products for processing a claimant's insurance claim provide the architectural components to facilitate a common philosophy and infrastructure for processing claims in a consistent manner. A highly cohesive infrastructure can be provided that allows for legacy systems to participate in a service-oriented manner. | 06-07-2012 |
| 20120143635 | COMMISSION AND MARKETING SYSTEM AND METHOD - Embodiments of the invention relate generally to systems and methods for using historical purchase records to predict future purchases, and, more particularly, to systems, and methods for using such records to determine items that are likely to be purchased as replacements for items claimed as lost on an insurance claim. Purchase likelihood data based on insurance claims and purchases made by claimants is generated based on received loss claims and purchase records. The purchase likelihood data relates a type of loss to certain replacement items. | 06-07-2012 |
| 20120143636 | FINAL SALE MERCHANDISE CARD - A system and method that involves a merchant, a merchandise cardholder, and a beneficiary that allows a customer to select one or more beneficiaries that are to own any unused proxy sale merchandise, associating the one or more default beneficiaries with the customer merchandise account, wherein the one or more default beneficiaries differs from the customer, the customer merchandise account having a remaining balance of merchandise owned by the customer and automatically converting an amount of the customer owned proxy sold merchandise based on a conversion date, to ownership by the beneficiary; and transferring ownership of the proxy sold merchandise to the selected one or more beneficiaries. | 06-07-2012 |
| 20120143637 | SYSTEMS AND METHODS FOR TRACKING HEALTH-RELATED SPENDING FOR VALIDATION OF DISABILITY BENEFITS CLAIMS - A method for tracking health-related spending for validation of disability benefits claims includes receiving, by a Medicare Secondary Payer statute-compliance company, from an authorization server, an identification of an approved transaction initiated by a recipient of insurance settlement funds to acquire at least one of a healthcare-related service and a healthcare-related good by a provider, the recipient authorized to receive the at least one of the healthcare-related service and the healthcare-related good from the provider. The method includes tracking, by the Medicare Secondary Payer statute-compliance company, healthcare-related expenditures by the recipient. The method includes generating, by the Medicare Secondary Payer statute-compliance company, a statement of approved transactions. The method includes transmitting, by the Medicare Secondary Payer statute-compliance company, to a disability benefit provider, the statement of approved transactions. | 06-07-2012 |
| 20120150567 | FINANCIAL SYSTEMS AND METHODS FOR PROVIDING A CREDIT FACILITY TO INDIVIDUALS TO COVER PRE-AUTHORIZED CHARGES - An apparatus for providing a credit facility to fund or cover preauthorized charges may include a processor and a non-transitory memory storing instructions. The instructions, responsive to execution, configure the processor to cause the apparatus at least to perform receiving information indicative of a user selection of at least one future payment commitment of the user, receiving an indication of user selected parameters corresponding to a coverage option entitling the user to receive a financial benefit to at least partially cover the at least one future payment commitment of the user in response to an occurrence of a qualifying event, determining a payment to be paid on behalf of the user to maintain the coverage option, and, in response to receiving an indication of the occurrence of the qualifying event, causing provision of the financial benefit to at least partially cover the at least one future payment commitment. | 06-14-2012 |
| 20120150568 | Automated Online Sales Risk Management - The present invention contemplates a risk management system for facilitating an e-commerce transaction wherein the participants to the transaction engage in commerce using different currencies. An automated sales risk management system facilitates a transaction by providing a price of a transaction which incorporates aggregated costs related to the transaction into a price made available to the participants. A currency risk management system can receive an amount relating to a deliverable involved in a transaction and determines an aggregated cost of the transaction. Aggregated cost can include a cost of credit, a cost for exchange of currency, a cost of insurance, processing fees, or other associated costs. Insurance can be monitored and a determination can be made regarding whether a participant has adequate insurance to cover a proposed transaction. The present invention also provides for risk associated with online transactions to be categorized and transferred. | 06-14-2012 |
| 20120150569 | LIFE SETTLEMENT TRANSACTION SYSTEM AND METHOD INVOLVING APPORTIONED DEATH BENEFIT - A method and system for structuring a life settlement with a paid-up policy transaction. An existing insurance policy holder exchanges an existing insurance policy for a paid-up insurance policy or life insurance group certificate purchased by a buyer on a secondary market. The policy could also exchange their policy for being named as a beneficiary of a second insurance policy purchased by a buyer on a secondary market. | 06-14-2012 |
| 20120150570 | RISK ASSESSMENT/MEASUREMENT SYSTEM AND RISK-BASED DECISION ANALYSIS TOOL - The present invention relates to a method and system for more accurately and reliably assessing/measuring risk, and is applicable to all areas of risk management including market, credit, operational and business/strategic risk. An additional aspect of the invention contemplates transforming the resulting risk metrics into risk-based economic capital and/or into decision variables, which can be used to make informed risk-based decisions. | 06-14-2012 |
| 20120150571 | Systems and Methods for Providing a Combination Financial Product - The present invention relates to systems and methods for administering combination annuity products and to combination annuity products themselves. Certain embodiments of the invention can be used in connection with variable universal life insurance and variable life insurance contracts. | 06-14-2012 |
| 20120158434 | SYSTEM AND METHOD FOR PROVIDING CUSTOMIZED BUSINESS INSURANCE RECOMMENDATIONS - A display device may display to a user questions related to insurance products. The user may be a business owner, and the questions may solicit information that may be used to determine which of the insurance products are applicable to the user's business. Input data may be received from a user that is responsive to the questions. The input data may indicate, for example, the type of industry of the business, the number of employees in the business, the business's annual revenue, and/or goals of the user with respect to the insurance products. A determination may be made as to which of the insurance products are applicable to the business. The user may then obtain additional information related to the applicable products, initiate the purchase of one of the applicable products, and/or enter into a binding agreement for the purchase of one of the applicable product. | 06-21-2012 |
| 20120158435 | SYSTEM AND METHOD FOR DEFINED CONTRIBUTION DEFAULT BENCHMARK - A system and method for generating an integrated family of benchmarks representing portfolio allocations for a participant is described. At least two assets for a portfolio are identified. A current market rate for at least one of the assets and an expected inflation for a predetermined time period are determined via a computing device. The computing device determines a portfolio allocation to each asset based on the current market rate and the expected inflation so as to define a process for obtaining inflation-protected income for a predetermined number of years and then non-inflation protected income for subsequent years. The identified assets and the portfolio allocations are published via a network. | 06-21-2012 |
| 20120158436 | MONITORING SYSTEM FOR DETERMINING AND COMMUNICATING A COST OF INSURANCE - Means are provided for recording, storing, calculating, communicating and reviewing one or more operational aspects of a machine. Insurance costs are based, in part, on activities of the machine operator. A discount may be provided in exchange for recording the operational aspects and providing the recorded information to the insurer. The party may review information and decide whether to provide it to the insurer. The means for reviewing may present comparative information. Information that causes insurance costs to vary may be highlighted. Provided data may be used to verify insurance application information, generate actuarial information or determine insurance rates. Operating data may be reviewed on display medium so a party can observe how his operating behavior compares to that of other operators of similar machines and may be manipulated so a party can understand how changes in operating behavior can affect his insurance rates. | 06-21-2012 |
| 20120158437 | LIFT MONITORING SYSTEM AND METHOD - Systems and methods are discussed for providing a sensor enhanced employee safety evaluation system. Systems that monitor and assess employee lifting behavior are employed at the workplace of an insured entity. Data from the lift monitoring systems are processed to obtain a safety evaluation. Based on the safety evaluation, the insurance provider can adjust the terms of the insurance policy to accurately reflect the risks associated with the insured entity. Feedback based on the safety evaluation is also provided to the insured entity and the employees of the insured entity to promote improvements in safe behavior. | 06-21-2012 |
| 20120158438 | System And Method For Providing Healthcare-Related Services - A system and method for providing healthcare-related services according to which the healthcare-related services include, but are not limited to, health insurance benefit activation services and/or healthcare-related education services. | 06-21-2012 |
| 20120158439 | SYSTEM AND METHOD FOR INCREASING CAPACITY IN AN INSURANCE SYSTEM - The invention relates, in various aspects to systems, methods, and computer readable media suited for implementing a commonly administered, quota share-based multi-insurer primary insurance system. | 06-21-2012 |
| 20120158440 | MORTGAGE FORECLOSURE INSURANCE PRODUCT AND METHOD OF HEDGING INSURER RISK IN A MORTGAGE FORECLOSURE INSURANCE PRODUCT - A method, non-transitory machine-readable medium, and financial product provide borrower foreclosure insurance for insured interests in real property, each classified in a rate category. A processor is controlled to calculate a premium for at least some of the real property interests with a rule utilizing the data indicative of the rate category and storing the calculation. The processor receives data indicative of a cost of a hedge vehicle respectively associated with each real property interest. A hedge vehicle is selected based on an index for real property in a preselected geographical area. A monetary level to hedge is selected, and a hedge vehicle or vehicles are selected. A number of hedge contracts of at least one type to achieve hedging of the monetary level is calculated on the processor. | 06-21-2012 |
| 20120166227 | SYSTEMS AND METHODS FOR PREVENTING FRAUD - A system for preventing fraud is disclosed as is a method of performing the same. Information is received by the system and a database is created containing personal information of deceased individuals. The system then interacts with a billing system to prevent the information of a deceased individual present in the database from being used to submit a false claim. | 06-28-2012 |
| 20120166228 | COMPUTER-IMPLEMENTED SYSTEMS AND METHODS FOR PROVIDING AUTOMOBILE INSURANCE QUOTATIONS - The invention provides a computer-implemented method of providing an insurance quotation to a prospect by associating the prospect with a profitability segment prior to providing the insurance quotation. The method further includes receiving identity information associated with the prospect and accessing at least one database using the identity information to generate a profitability score for the prospect. If the profitability score for the prospect meets a profitability threshold, then one or more second databases may be accessed to retrieve incident data and prior insurance data for the prospect and generating an insurance quotation based on the incident data and the prior insurance data retrieved from the one or more second databases. If the probability score for the prospect fails to meet the profitability threshold, then a process other than if the profitability score for the prospect meets the profitability threshold is executed. | 06-28-2012 |
| 20120166229 | SYSTEMS AND METHODS FOR CLIENT-RELATED RISK ZONES - Systems, apparatus, methods, and articles of manufacture that provide for outputting and utilization of risk zone information are provided. In some embodiments, risk zone information may be utilized to select, price, and/or manage an insurance policy. | 06-28-2012 |
| 20120173289 | SYSTEM AND METHOD FOR DETECTING AND IDENTIFYING PATTERNS IN INSURANCE CLAIMS - The invention relates generally to a system and method for detecting patterns of behavior in reported insurance claims. More particularly, the invention resolves insurance claim data with other demographic, activity and other related data about individuals and entities to detect specific subsets of entities and individuals and their insurance claims behaviors. | 07-05-2012 |
| 20120173290 | SYSTEMS AND METHODS FOR CUSTOMER-RELATED RISK ZONES - Systems, apparatus, methods, and articles of manufacture that provide for outputting and utilization of risk zone information are provided. In some embodiments, risk zone information may be utilized to select, price, and/or manage an insurance policy. | 07-05-2012 |
| 20120173291 | Automated Claim Submission, Collection And Appeal For Denials - The present invention is comprised of an automated claim submission, collection and appeal for denials for providing automated medical claims processing to a medical or surgery center or other form of medical facility. The present invention is further comprised of a database software system to record, store and process large volumes of data. The present invention is further comprised of modules that automatically perform the processing task include claims preparations and automatically filing appeals for claims denials. | 07-05-2012 |
| 20120179493 | Simple Metering Automatic Real Time Insurance (SMARTI) - A metering system used to monitor usage and characteristic attributes through remote links and data transmission whereas an activation occurs and information is transmitted streaming to a processor whereas said information is then transmitted from said processor to a relay station whereas said relay station transmits said information to a control base processor whereas said control base processor evaluates and performs calculations to further relay processed information allowing for efficient usage and attribute characteristic determination and increased efficiency and accountability. | 07-12-2012 |
| 20120179494 | ACCOUNT OPENING FLOW CONFIGURATION COMPUTER SYSTEM AND PROCESS FOR IMPLEMENTING SAME - An account opening computer system is configured to provide a flexible front end user interface, separating and decoupling the computer implemented user journey from computer implemented business process(es). The flexible front end user interface includes a plurality of portlets and a component-based object-oriented flow configuration to configure and/or navigate the flow of display screens. Various embodiments are described, including a computer implemented method of account opening using a flow configuration. | 07-12-2012 |
| 20120179495 | METHOD AND SYSTEM FOR INSURING AGAINST INVESTMENT LOSS - The present invention relates to a web-based computer system, a web-based computer software for use in connection with the web-based computer system, and a method of use thereof for the transfer of information between a moderator and a plurality of recipients in a face-to-face environment. In the system, a presentation such as a series of sequential questions are programmed into the interface for use in a face-to-face setting. A moderator tasked with transferring information to listeners in proximity uses a large display such as a plasma television connected to the internet to display questions, data, or group answers. | 07-12-2012 |
| 20120179496 | AUTOMATED TASK PROCESSOR FOR INSURANCE CLAIMS - An insurance claim processing system may include an insurance claim database and an automated task processor. The insurance claim database may be configured to store and provide access to data in a data record that is related to an insurance claim. The automated task processor may be executable with a computer to identify an insurance claim processing task from the insurance claim database, and obtain insurance claim data related to the identified insurance claim processing task. The automated task processor may also select an action plan from an action plan database based on the obtained insurance claim data. The automated task processor may also identify a set of one or more automated procedures included in the action plan, and cause execution of the identified set of procedures included in the action plan. | 07-12-2012 |
| 20120185282 | Method of Managing a Driver Rewards Programme and a System Therefor - A method and system of managing Fog an insurance scheme includes receiving driver data including information relating to the compliance of a driver in at least one programme area related to motor vehicle driver behaviours and storing the data in a database. Wellness programme data is also received indicating the compliance of the driver with a wellness programme and stored in the database and the driver data and wellness programme data are used to determine a reward for the driver. | 07-19-2012 |
| 20120185283 | SYSTEM FOR FACILITATING LIFE SETTLEMENT TRANSACTIONS - A system and method for buying and selling life insurance policies includes an online database for storing information concerning in-force policies as needed for evaluation by a potential buyer. Owners of policies, either directly or through agents, who might be willing to sell their policies, register with the online website with critical financial and medical underwriting information relating to their policies, as needed for evaluation by a potential buyer. In the online database such information is organized and categorized as to parameters of various medical and financial information, to be reviewed online in an orderly manner by investors and potential buyers of policies. A membership preferably is required for a potential buyer to have access to the online information. In a preferred implementation of the system, an auction is held online to obtain essentially the best price for each policy. | 07-19-2012 |
| 20120191481 | TELEMATICS SMART PINGING SYSTEMS AND METHODS - Monitoring systems and methods are configured to determine a pattern of vehicle usage or to verify personal data about a vehicle insurance applicant, without unreasonable expense to an insurance provider or the applicant. A monitoring system can track movements of a handheld mobile communication device, and can include a personal data unit, a communication unit, and an analysis unit. The personal data unit can receive personal data about the insurance applicant, including an identifier of a mobile communication device used by the insurance applicant. The communication unit can receive location data describing various locations of the mobile communication device. The analysis unit can analyze the location data to determine a level of risk for insuring the entity, based at least partially on movements of the mobile communication device indicated by the location data. | 07-26-2012 |
| 20120191482 | Computerized Method, Apparatus and System for Issuing Surety Bonds - A method, system and apparatus for obtaining a bond is disclosed. The invention employs a computer system that has a work station in communication with a server to provide information on a contractor that is required by a surety over the computer system. The server is provided with owner/obligee information concerning a bond over the network A surety is selected to provide the bond and the identity of the surety is presented over said computer network. The type of bond sought is identified. Approval of the bond is requested over the computer network and a decision on the bond request is obtained over the network. The approval decision includes an authorization code that is presented at a bid letting along with the contractor's bid. The authorization code permits an owner/obligee to view an approved bond through the computer network. | 07-26-2012 |
| 20120191483 | System And Method For Electronic Auditing - A system for performing insurance policy audits electronically. The system optimizes service selection by tailoring an audit to an insured's business category and state(s) in which the insured does business. Initially, the insured is sent a letter and password to enter the system website. Once online, the insured is prompted to answer questions to complete the audit in a self-driven manner. Insureds can save work in progress and return to the audit later. The interactive process drives the methodology for insureds to complete the audit online, resulting in a more accurate audit at a lower average cost. | 07-26-2012 |
| 20120191484 | A Method and System for Providing a Service Associated With Sale of a Product - A method and system for providing a service associated with sale of a product from a merchant to a customer at a point of sale terminal connected to a network. The method comprising the steps of offering to provide the service associated with sale of the product to said customer during purchase of said product at the point of sale terminal, providing one of a plurality of identification numbers held in a database connected to the network at the point of sale terminal in association with the offered service and providing said provided identification number to said customer, and subsequently providing customer access over the network to permit said customer to enter purchase related details into the database to be associated with the provided identification number, thereby minimising time required at the point of sale terminal. | 07-26-2012 |
| 20120191485 | POINT OF SERVICE THIRD PARTY FINANCIAL MANAGEMENT VEHICLE FOR THE HEALTHCARE INDUSTRY - A method for point of service third party adjudicated payment, which includes providing payment system access information to a point of service provider, receiving from the point of service provider purchase transaction data and the payment system access information, adjudicating the transaction substantially in real-time to determine the portion payable by the customer and the portion payable by a third party, sending an adjudicated settlement transaction to the point of service provider substantially in real-time, and initiating a request to transfer funds substantially in real-time in accordance with the adjudicated settlement transaction to an account of the service provider. | 07-26-2012 |
| 20120191486 | COMPLAINT TRACKING, IMAGING AND PROCESSING SYSTEM - The present invention relates to an insurance complaint document management and processing system that interfaces with a state Department of Insurance. According to some embodiments, an insurance complaint document is received at a document conversion system. The received document may be converted to a document image may be automatically matched to insurance policy information. It may then be arranged to provide the document image and the insurance policy information for resolution. | 07-26-2012 |
| 20120191487 | SYSTEM AND METHOD OF HEALTHCARE ADMINISTRATION FOR A GERIATRIC POPULATION - A method of establishing a referral network for the enrollment of individuals in a geriatric healthcare insurance plan comprising identifying an age-eligible population; developing and implementing recruiting strategies to establish a relationship with the age-eligible population; and generating potential members from the age-eligible population for enrollment in a geriatric healthcare insurance plan as senior class members; and engaging senior class members to become ambassadors that represent the geriatric healthcare insurance plan to other potential members. Retention strategies such as a points program and a referral resource network are provided to retain senior class members. The referral resource network is a network of senior class members that are available to offer services to other senior class members, including valuable special skills or knowledge or necessary services. The referral resource network may be accessible to senior class members through a global electronic network, such as the Internet. | 07-26-2012 |
| 20120197666 | METHOD AND APPARATUS FOR PROVIDING UNEMPLOYMENT INSURANCE - An apparatus for unemployment insurance may include a processor and a non-transitory memory storing instructions. The instructions, responsive to execution, configure the processor to cause the apparatus at least to perform receiving information indicative of a user selection of an unemployment insurance coverage option defining policy parameters corresponding to a policy entitling the user to receive a financial benefit for a predefined period of time in response to an occurrence of a qualifying involuntary unemployment event and determining a premium fee to be paid on behalf of the user to maintain the policy. The premium fee may be determined based at least in part on the user selected coverage option. The instructions may further configure the processor to cause the apparatus to perform determining an allocation for funds associated with the premium fee between a cost of insurance and a smart cash reserve, and, in response to receiving an indication of the occurrence of the qualifying involuntary unemployment event, causing provision of the financial benefit to user. The smart cash reserve may hold funds of the policy to cover initial payout on any claim against the policy until depletion of the smart cash reserve before payout is covered by insurance. | 08-02-2012 |
| 20120197667 | SYSTEMS AND METHODS FOR PURCHASING INSURANCE - Systems and methods related to an online website wherein businesses seeking insurance can obtain quotations and be connected to a plurality of insurance providers are described herein. In some embodiments, the businesses are authenticated and verified by providing such details as, e.g., employer identification number (EIN) or tax identification number (TIN), and being registered with the system prior to requesting quotations. In some embodiments, the system has an online collaboration system where a business can ask or post questions and receive answers from insurance providers or agents who match their search criteria. | 08-02-2012 |
| 20120197668 | SYSTEMS AND METHODS FOR PURCHASING INSURANCE - Systems and methods related to an online website wherein businesses seeking insurance can obtain quotations and be connected to a plurality of insurance providers are described herein. In some embodiments, the businesses are authenticated and verified by providing such details as, e.g., employer identification number (EIN) or tax identification number (TIN), and being registered with the system prior to requesting quotations. In some embodiments, the system has an online collaboration system where a business can ask or post questions and receive answers from insurance providers or agents who match their search criteria. | 08-02-2012 |
| 20120197669 | Determining Cost of Auto Insurance - A system for analyzing sensor data output from a mobile communications appliance to adjust insurance premiums for consumers includes an Internet-connected server; and software executing on the server from a non-transitory physical medium, the software providing a first function for collecting raw data from the mobile communications appliance, a second function for analyzing the raw data in light of results of previous data analyses, and a third function for adjusting a standing insurance premium rate associated with the mobile communications appliance. | 08-02-2012 |
| 20120203577 | MODULAR MULTI-COVERAGE INSURANCE PRODUCTS - The invention relates to methods and systems for creating and utilizing a modular multi-coverage insurance product. The modular multi-coverage insurance product includes a set of modular state-pre-approved insurance coverages corresponding to a plurality of insurable liabilities. | 08-09-2012 |
| 20120209629 | SYSTEMS AND METHODS FOR PROVIDING AN ASSET ALLOCATION WHOLE LIFE INSURANCE OPTION WITH A PREMIUM FUNDING VEHICLE - The present invention provides methods, computer media and systems for providing a hybrid life insurance and non-life insurance investment product for an individual. Embodiments of the methods, computer media and systems include obtaining an initial investment amount for an investment product comprising a life insurance investment component and a non-life insurance investment component and a face amount of the life insurance investment component, calculating a premium payment amount for the life insurance investment component, determining a payment schedule for the premium payment amount, allocating a portion of the initial investment amount to the life insurance investment component and allocating a portion of the initial investment amount to the non-life insurance investment component, and presenting, based at least in part on the allocations of the initial investment amount to the life insurance investment component and to the non-life insurance investment component, the premium payment amount and the payment schedule, the life insurance investment component and the non-life insurance investment component as a combined investment product for an individual in a singular transaction. | 08-16-2012 |
| 20120209630 | SYSTEM AND METHOD FOR TRUSTED MOBILE DEVICE PAYMENT - This invention is related to secure payments using data codes displayed on a mobile device, for example a QR code displayed on a cell-phone. The invention establishes a third party transaction service that protects the customer's proprietary payment information, for example, credit card numbers, while ensuring for a merchant that a payment token, for example, the QR code, will represent a valid payment. | 08-16-2012 |
| 20120209631 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO A LIFE INSURANCE POLICY HAVING A DEATH BENEFIT PAYABLE BASED ON AGE OF A LIVING INSURED - A computer system for processing of data related to a permanent life insurance policy includes a data storage device storing data indicative of a policy owner, an insured under the policy, and a death benefit amount, payable under the policy to a beneficiary upon death of the insured, and a processor in communication with the data storage device. A withdrawal benefit providing periodic payments to the owner, each payment reducing the amount of the death benefit until reaching a residual death benefit amount, is available on owner request, at a minimum age of the insured, on meeting a condition related to a likelihood of policy lapse prior to death of the insured. The processor is configured to determine whether premium payments in accordance with a schedule will cause the condition to be met. | 08-16-2012 |
| 20120209632 | TELEMATICS SMART PINGING SYSTEMS AND METHODS - Monitoring systems and methods are configured to determine a pattern of vehicle usage or to verify personal data about a vehicle insurance applicant, without unreasonable expense to an insurance provider or the applicant. A monitoring system can track movements of a handheld mobile communication device or rely on an application installed on said device, and can include a personal data unit, a communication unit, and an analysis unit. The personal data unit can receive personal data about the insurance applicant, including an identifier of a mobile communication device used by the insurance applicant. | 08-16-2012 |
| 20120209633 | METHOD OF PROVIDING INSURANCE INFORMATION - A method of providing insurance on one or more objects owned by the same or different owners and having object information related to the objects in a database maintained by a party for a purpose independent of providing insurance, including creating object insurance information from the object information in the database for one or more of the objects, electronically transferring the object insurance information on one or more of the objects to a carrier capable of providing insurance quotes and coverage, generating an insurance quote for one or more of the objects, the insurance quote being based at least in part on the object insurance information submitted, and presenting the quote to an owner of an object for acceptance. The method may include providing the owner with the quote electronically and including a link to bind coverage, with payments arranged automatically on a regular schedule. | 08-16-2012 |
| 20120209634 | VEHICLE MONITORING SYSTEM - A data logging device tracks the operation of a vehicle or driver actions. The device includes a storage device, which may be removable or portable, having a first memory portion that may be read from and may be written to in a vehicle and a second memory portion that may be read from and may be written to in the vehicle. The second memory portion may retain data attributes associated with the data stored in the first removable storage device. A processor reads data from an automotive bus that transfers data from vehicle sensors to other automotive components. The processor writes data to the first memory portion and the second memory portion that reflect a level of risk or safety. A communication device links the storage device to a network of computers. The communication device may be accessible through software that allows a user to access files. | 08-16-2012 |
| 20120209635 | SYSTEM, METHOD AND SOFTWARE APPLICATION FOR ACCESSING AND PROCESSING INFORMATION - The present invention relates generally to systems, methods and software applications for storing, retrieving, and displaying information. More particularly, the present invention relates to providing a comprehensive, interactive tool for storing, retrieving, and displaying agent identifying information and agent commission information. The method of the present invention comprises the steps of: receiving agent identifying information and agent commission information; analyzing and sorting the received agent identifying information and agent commission information; saving the agent identifying information and the agent commission information; providing an interactive display of the agent identifying information and the agent commission information; providing interactive access to a display of detailed agent identifying information; and providing interactive access to a display of detailed agent commission information. | 08-16-2012 |
| 20120215565 | SYSTEMS AND METHODS FOR GATHERING AND STORING PHYSICAL ATTRIBUTES ABOUT A PHYSICAL STRUCTURE - A system and method for determining insurance rates and loss costs for properties generally, and for physical structures specifically includes receiving a request for an inspection of real property, providing an interface configured to provide an inspector with one or more first prompts related to the inspection of real property, providing one or more second prompts in the interface as a result of received response to the one or more first prompts related to the inspection of real property, and generating an inspection report based on the received response to the first and second prompts. | 08-23-2012 |
| 20120215566 | INSURANCE PRODUCT, RATING SYSTEM AND METHOD - In the present invention, an insurance product, rating system and method generally relates to a rating and pricing system for quantifying the risk that the annual savings will not fall below specified levels associated with implementing and maintaining economic improvements. The product, system and method can be applied to various industries, including, power generation, petro-chemical, manufacturing and refining facilities. Various embodiments disclosed herein relate to systems and products for providing a computer implemented insurance product. | 08-23-2012 |
| 20120215567 | INSURANCE PRODUCT, RATING SYSTEM AND METHOD - In the present invention, an insurance product, rating system and method generally relates to a rating and pricing system for quantifying the risk that the annual savings will not fall below specified levels associated with implementing and maintaining economic improvements. The product, system and method can be applied to various industries, including, power generation, petro-chemical, manufacturing and refining facilities. Various embodiments disclosed herein relate to a system and method for insuring a minimum return on investment for an insured. | 08-23-2012 |
| 20120215568 | SYSTEM AND METHOD FOR PROCESSING WORK PRODUCTS FOR VEHICLES VIA THE WORLD WIDE WEB - A method and system for receiving data relating to an insurance claim for a damaged vehicle and transmitting a valuation report for the damaged vehicle over the world wide web. The system includes a client computer and a web server that are coupled through an electronic communication network such as the internet. The web server contains a web site that contains a plurality of web pages. Each web page allows an operator to enter the insurance claim data. The data can be processed into a valuation report by a separate valuation server. The valuation report can be transmitted to the client computer through the web server. A claims adjuster can access the web server by merely entering a uniform resource locator (“URL”) into a web browser. The adjuster does not have to dial directly into the valuation server. | 08-23-2012 |
| 20120221356 | PROCESS APPARATUS AND MUTUAL INSURANCE METHOD FOR USE IN THE PROCESS APPARATUS - A process apparatus and a mutual insurance method for use in the process apparatus are provided. The process apparatus stores the mutual data of a mutual insurance assembly. The mutual data comprises the time weight of a specific period, an insured unit and the standard amount benefit of each mutual member. The process apparatus retrieves a valid insured unit in the specific period from the insured units according to the accident message of an accident member. Then, the process apparatus calculates a benefit, which the accident member may obtain, according to the time weight, the valid insured unit and the standard amount benefit. Whereby, the process and security of the insurance are simplified and improved respectively. | 08-30-2012 |
| 20120221357 | SYSTEMS AND METHODS FOR INTELLIGENT UNDERWRITING BASED ON COMMUNITY OR SOCIAL NETWORK DATA - A system for underwriting using community and/or social networking based data is disclosed. In some embodiments, an automated insurance underwriting platform for rating and pricing insurance policies through the accessing and evaluating of community, social and business network based information is implemented. According to some embodiments, community or social network rating data may be analyzed and weighting factors may be applied to the community or social network rating data. An underwriting decision for the potential entity to be insured may then be transmitted based at least in part on the community or social network rating data. | 08-30-2012 |
| 20120221358 | System and Method For Flexible Insurance Rating Calculation - A product rate calculation system operating as a rating server (e.g., a process executing on a server computer system, or a process executing on the same computer system as a client process but serving information to the client process) advantageously provides a flexible insurance rating calculation system that can easily be modified and expanded, while still providing quick, and even real-time responsiveness to product rate requests. The product rate calculation system includes an interface to a product information database and a cache for storing product rate information for efficient reuse. The product rate information includes product rate expressions that are parsed and evaluated by an expression evaluation routine to determine a product rate. As part of the evaluation process, additional product rate information (such as look-up table data and numerical constants) as well as consumer information can be used. | 08-30-2012 |
| 20120221359 | Systems and methods to evaluate application data - The present disclosure introduces systems and methods to evaluate application data. A computer system to evaluate application data is described. In one embodiment, a data module may be used to receive application data and validate the application data against at least one secondary data source. A predictive modeling module may be used to model the application data by applying predictive analytics. Further, a confidence level module may be used to calculate a confidence level factor and at least one aggregate degree of confidence level to evaluate an application. Other embodiments are also described. | 08-30-2012 |
| 20120221360 | SYSTEM AND METHOD FOR DETERMINING A PREMIUM FOR INSURANCE FOR A SECURITY - A method for determining a premium for insuring a security comprising the steps of determining an insurance risk premium based upon a security to be insured, determining an expense and profit load, and combining the insurance risk premium and the expense and profit load to determine a total gross premium. A system for determining a premium for insuring a security comprises a computer system capable of having entered information related to a security to be insured, the computer system having a program for calculating an insurance risk premium based upon a security to be insured, for calculating an expense and profit load, and for combining the insurance risk premium and the expense and profit load to determine a total gross premium. | 08-30-2012 |
| 20120221361 | NETWORKING TERMINAL DEVICE FOR SUPPORTING BUSINESS IN A PUBLIC SPACE, AND SUPPORT SYSTEM FOR THE INSURANCE BUSINESS USING SAME - The present invention relates to a networking terminal device for use in a public space, which accesses a server in connection with a communication cable installed at the public space and includes a screen and an input unit. the networking terminal device includes: a scanning element for scanning a document and an identification card to generate an electronic file; an authentication element for authenticating a user; a real-time communication element accessing the server for transmitting a file, which is generated by the scanning element and/or the authentication element, to the server; and an application element for executing a supporting business selected according to a predetermined process, wherein the elements are embedded in a housing and operated according to the control of a control unit in the housing. | 08-30-2012 |
| 20120226509 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO DEATH BENEFIT AMOUNTS FOR LIFE INSURANCE POLICIES - A computer system for processing data relating to a life insurance policy issued by an insurance company to an owner includes a data storage device storing data relating to the life insurance policy, including data indicative of a face amount, a benefit account, an investment account and a death benefit factor, and a processor configured to access data indicative of the face amount, a value of the investment account, a value of the benefit account and a value of the death benefit factor; determine a first value based on a sum of the face amount and the value of the investment account; determine a second value based on the benefit account value, the investment account value and the value of the death benefit factor; and determine an amount of a death benefit of the life insurance policy to be the greater of the first value and the second value. | 09-06-2012 |
| 20120232932 | SYSTEM AND METHOD FOR OPTIMIZING CREDIT INSURANCE POLICIES - A system and method for optimizing insurance policies are disclosed. The system and method include a goal module that receives qualifying information for a customer's current credit insurance policy or policies and uses the qualifying information to determine one or more actual coverage amounts for which one or more debtors qualify under that customer's current insurance policy or policies, a compliance module that receives compliance information for the customer's current insurance policy or policies and uses the compliance information to identify any actions that need to be taken to prevent the one or more debtors that qualify for the actual coverage amount from falling out of compliance with the customer's current insurance policy or policies, and a marketplace module that aggregates market information for a plurality of insurers and identifies one or more other insurance policies that provide coverage for one or more debtors that do not qualify for an actual amount of coverage greater than or equal to a desired amount of coverage and/or that are out of compliance with the customer's current insurance policy or policies. | 09-13-2012 |
| 20120232933 | CORPORATE WELLNESS CERTIFICATION METHOD - A renewable preventative health care wellness certification that may be recognized as sufficient proof that an insured individual member of a health insurance policy has enrolled, studied, and proficiently become educated on course content regarding health and wellness to satisfy a standard exam score. The certification may be recognized by the insurance carrier and may qualify the insured individual for a reduction in the individual's health insurance premium rate. | 09-13-2012 |
| 20120232934 | AUTOMATED INSURANCE POLICY FORM GENERATION AND COMPLETION - Automated insurance policy form generation and completion includes electronically receiving one or more forms and receiving an indication that a particular form is an overflow form for a particular base form. The relationship between the overflow form and base form is recorded based on the received indication and the fields on the base form and overflow form are tagged according to a naming convention. The number of overflow forms to use is determined based on an amount of received data and by using the naming convention to determine a number of available fields on the base form and overflow forms. | 09-13-2012 |
| 20120232935 | APPARATUS AND METHOD FOR OPTIMIZING INSURANCE POLICIES - An apparatus and method for optimizing insurance policies are disclosed. The apparatus and method include a processing device that is configured to import the various terms and conditions from one or more insurer systems and to import accounts receivable information from one or more customer systems, the processing device being in electronic data communication with the one or more insurer systems and the one or more customer systems via a network connection; a compliance module that is configured to instruct the processing device to import the various terms and conditions from the one or more insurer systems, to import the accounts receivable information from the one or more customer systems, to identify overdue accounts receivable and time periods for which those accounts receivable have been overdue, and to compare the terms and conditions to the time periods to determine if the customer is not in compliance with any of one of the various terms and conditions, and to generate an alert when the customer is not in compliance with any one of the various terms and conditions; and a graphical user interface in electronic data communication with the processing device that is configured to generate a graphical display that includes the overdue accounts receivable identified by the processing device. | 09-13-2012 |
| 20120232936 | Reference Pricing of Health Care Deliverables - Embodiments of methods and systems for providing a payer with a platform for reference pricing of health care deliverables are disclosed. One method includes identifying a set of one or more health care deliverables to which reference pricing is to be applied, and setting a reference price for each health care deliverable of the set. For this embodiment, setting the reference price includes providing the payer with analysis of negotiated rates for the health care deliverable across at least one of geographies, demographics, and centers of excellence, and allowing the payer to set the reference price for each health care deliverable based on the provided analysis. The method further includes receiving a health care deliverable request from a user who is covered by the payer, retrieving the set reference price corresponding to the health care deliverable request, and providing the set reference price or out-of-pocket cost to the user. | 09-13-2012 |
| 20120232937 | REAL-TIME IMAGE ANALYSIS FOR MEDICAL SAVINGS PLANS - In general terms, embodiments of the present invention relate to methods, apparatuses, and computer program products for providing health or flexible spending account information in association with products identified in an augmented reality environment. In some embodiments, a method is provided that includes: (a) receiving information associated with an image, where the image was captured by a mobile device; (b) determining, based at least partially on the information associated with the image, that the image shows a product that qualifies for purchase under a medical savings plan; and (c) presenting, via the mobile device, information that indicates that the product qualifies for purchase under the medical savings plan. | 09-13-2012 |
| 20120232938 | INSURANCE PRODUCT, RATING SYSTEM AND METHOD - In the present invention, an insurance product, rating system and method generally relates to a rating and pricing system for quantifying the risk that the annual savings will not fall below specified levels associated with implementing and maintaining economic improvements. The product, system and method can be applied to various industries, including, power generation, petro-chemical, manufacturing and refining facilities. Various embodiments disclosed herein relate to a method for pricing an insurance policy for insuring a minimum level of return on investment. | 09-13-2012 |
| 20120232939 | Method for Rendering Layer Images and Providing Information - A User Interactive Insurance Risk Analysis Application that is web-based which combines user imported insurance portfolios and geospatial technology with output from user defined actions and simulations providing an analysis tool for dynamic management of catastrophic exposures. The user may configure every aspect of the risk analysis application and use a variety of tools and features to create actions and receive risk information of all layers used for analysis. Precise risk information is given to the user due to the many services and modules which make up the risk analysis application, including a loss calculation service and dynamic, multi-dimensional configurable risk data display. The user receives estimated loss values and may configure which pieces of data analysis the user would like to see and how that data is presented without having to drilldown through all the data in the insurance portfolio. | 09-13-2012 |
| 20120232940 | System and Method for Standardized and Automated Appeals Process - A system and method for automating and standardizing an appeals process, facilitating both business-to-business (i.e., insurance companies to providers) and business-to-consumer (i.e., insurance companies to patients) relationships, and educating users on the healthcare industry and patient rights. The system and method provides automated and standardized electronic communication for any business with a regulated or contractual appeals or grievance process. In one application, the system and method provide electronic communication between patients, providers, and insurance plans; convenient access to an “anytime” appeals process; and an efficient follow-up and appeals status tracking There are standardized forms for the appeal, and the provider appeal format is compatible with current billing forms. The system includes an on-line web site with the ability to manage “behind the scenes” the overall appeals process, including data collection, data management, correspondence generation, process status tracking, and individualized client accounts. | 09-13-2012 |
| 20120239436 | METHOD FOR DEFINING QUALIFIED DIRECT COST - An insurance product provides death benefits to employees of an employer. The product includes an irrevocable trust and a participating whole life insurance policy, wherein the participating whole life insurance policy is owned by the irrevocable trust. The product also includes a restricted property agreement, the terms of the agreement providing that contributions will be made to the trust sufficient to cover at least a base policy premium of the whole life insurance policy for a designated period of time, wherein the base policy premium of the whole life insurance policy constitutes a qualified direct cost. | 09-20-2012 |
| 20120239437 | Systems and Methods for Lending Based on Actuarial Calculations - The disclosed systems and methods relate generally to techniques for determining the expected cost of a loan repayment program over a given period of time. The systems and methods can calculate a fee for the loan repayment program based on repayment difficulty/non-repayment patterns, underlying economic conditions, and extrapolated enrollment and graduation data. | 09-20-2012 |
| 20120239438 | SYSTEM AND METHOD FOR PROVIDING IMMEDIATE, SHORT-TERM LIFE INSURANCE COVERAGE AND FACILITATING OFFERS OF LONGER-TERM INSURANCE - The computerized system disclosed herein implements an improved online marketplace for facilitating sales of insurance products from a plurality of insurance providers to customers of insurance. The system enables the customers to apply for insurance products from each of the carriers in a single step using a single, common application. Thereafter, the system performs an immediate, preliminary underwriting, and if appropriate offers the individual the option for immediate short-term coverage. The system then performs more comprehensive underwriting on behalf of a plurality of carriers, and if the underwriting is successful, provides the customer with an offer for long-term coverage to replace the short-term coverage. The customer can accept any provided offer to receive coverage. The system also enables carriers to define filters so that if customers enter the system with an affiliation with a particular character, they remain affiliated with the carrier until the filter is no longer satisfied. | 09-20-2012 |
| 20120239439 | INSURANCE CLAIM PAYMENT CARD SYSTEM - A system for the adjudication of insurance claims, such as automobile repair claims, by an insurance provider is provided. A claim submitted by a policyholder is received is received by the insurance provider. The claim is assigned to an insurance adjuster. The insurance provider receives a determination of a dollar value of the claim from the adjuster, and uses this information to determine how much money to disburse to the policyholder. The insurance provider then issues an account funded with the dollar value of the claim to the policyholder, accessible by the policyholder through a card. As the card is used, the insurance provider collects purchase information, such as information relating to the date, place, and amount of each purchase made on the account. The insurance provider may then collate the purchase information in a database and analyze the data for mathematically significant trends and relationships. | 09-20-2012 |
| 20120245963 | SYSTEM AND METHOD FOR DISTRIBUTING INSURANCE SOCIAL MEDIA RELATED INFORMATION - According to some embodiments, a system may detect an occurrence of a trigger event in connection with a first insurance agent of a plurality of insurance agents. For example, the system might detect that a person has added a friend on Facebook, changed his or her status, or that he or she is currently visiting a local coffee shop. Responsive to said detection, some embodiments may automatically post information to at least one social network server in connection with the first insurance agent. For example, an offer to meet at a particular location and/or a discount or other benefit associated with an insurance product might be posted or otherwise provided via one or more social networks. | 09-27-2012 |
| 20120245964 | Flight Accident Insurance - A system for providing flight accident insurance at low price and fixed coverage comprises means for limiting the number of policies that can be sold on any given flight to not more than a predetermined number. The predetermined number may be 20. The system comprises an input device for receiving information from a traveler and an output device for providing an insurance quote to said traveler. | 09-27-2012 |
| 20120245965 | Endowment with Institutionally Owned Life Insurance - A method of converting a series of donations by a donor to an institution so the institution is able to maintain premium payments on an institutionally-owned life insurance policy. | 09-27-2012 |
| 20120253852 | RESTRICTED-USE ACCOUNT PAYMENT ADMINISTRATION APPARATUSES, METHODS AND SYSTEMS - The RESTRICTED-USE ACCOUNT PAYMENT ADMINISTRATION APPARATUSES, METHODS AND SYSTEMS (hereinafter “RUAP”) transform purchase item information inputs or purchase receipt inputs via RUAP components into restricted-use account payment settlement outputs. A method is disclosed, including: receiving a restricted-use account reimbursement request including receipt information related to a purchase transaction from a user; obtaining purchase item information from the receipt information included in the restricted-use account reimbursement request; identifying a restricted-use account of the user; determining a purchase item is eligible for the restricted-account usage; determining a reimbursement amount associated with the purchase item form the purchase item information; generating a reimbursement authorization request message including the purchase item information and the reimbursement amount; transmitting the reimbursement authorization request message to a restricted-account issuer for approval; and transacting the reimbursement amount from the restricted-use account to a user financial account upon the restricted-account issuer approval. | 10-04-2012 |
| 20120253853 | Institutional Endowment Using Donor Originated Life Insurance - A method of converting a series of donations by a donor to an institution so the institution is able to maintain premium payments on a donor-owned life insurance policy. | 10-04-2012 |
| 20120253854 | METHOD AND SYSTEM FOR FILING A COMPLAINT RELATED TO NETWORK-BASED TRANSACTIONS - A method and system that allows a user to file a complaint related to a transaction completed over a network-based transaction facility. For example, a method can include the following operations conducted via a server: receiving a complaint from a first party, communicating information about the complaint to a second party, enabling an exchange of information regarding the complaint, and determining whether a criterion required for approval of the request for compensation has been satisfied. | 10-04-2012 |
| 20120259662 | Predicting Provider Negotiated Rates - Embodiments of methods and systems for predicting provider negotiated rates are disclosed. One method includes obtaining claims data and provider data, grouping the claims data into priceable units, computing prices for each of the priceable units based on the claims data and the provider data, and estimating provider negotiated rates based on the priceable units and the computed prices for the priceable units. | 10-11-2012 |
| 20120259663 | LIFE INSURANCE OPTION - A method of providing deferred life insurance through a life insurance option. The deferred life insurance becomes effective later in the life of an insured after the option matures. The insured pays at least one payment during a first period for the deferred life insurance policy option. The deferred life insurance policy is inactive during the first period, and becomes effective at the beginning of the second period when the option matures. The insured pays at least one payment during a second period, which follows the first period, for the deferred life insurance policy, assuming the insured lives this long. The insured is entitled to a benefit based on the deferred term life insurance policy only in the event of death of the insured occurs during the second period. | 10-11-2012 |
| 20120259664 | COMPUTER PROGRAM, COMPUTER SYSTEM, AND COMPUTER-IMPLEMENTED METHOD FOR INCOME-PRODUCING PROPERTY INVESTMENTS - A computer program, computer system, and computer-implemented method for income-producing property investments. The computer program is stored on a computer-readable medium for directing operation of a computer system to assist with the purchase and management of an income-producing property investment. The computer program includes a code segment for receiving data related to the income-producing property; a code segment for receiving data related to a plurality of life insurance policies; and a code segment for identifying, at least partially based on the data related to the income-producing property, and the data related to the life insurance policies, life insurance policies that may be purchased and associated with the income-producing property to enhance an investment metric of the income-producing property. | 10-11-2012 |
| 20120259665 | SYSTEMS AND METHODS ASSOCIATED WITH INSURANCE FOR ELECTRIC VEHICLES - Pursuant to some embodiments, insurance systems, methods and devices are provided in which electric vehicle information, including electric vehicle charging information, may be received over a communications network. The electric vehicle charging information may be automatically associated with automobile insurance premium information. An integrated presentation of the electric vehicle charging information and the automobile insurance premium information may then be transmitted, over the communications network, for presentation to an owner of the electric vehicle. | 10-11-2012 |
| 20120259666 | INCENTIVIZED ADOPTION OF TIME-DEPENDENT INSURANCE BENEFITS - System(s) and method(s) to incentivize adoption of time-dependent customized insurance benefit(s) are provided. A provider of insurance benefit(s) incentivizes adoption of the insurance benefit(s) in exchange for knowledge of operation characteristics of an insured entity. Knowledge is cumulative and collected from the insured entity and environment in which the entity operates. Incentivation is accomplished at least in part through generation of incentive offer(s) based on available knowledge, which is associated with an operator of the insured entity rather than with the entity itself. The operator can regulate the scope of exchanged knowledge, and received incentive offer(s) and related content. Incentive offer(s) can be directed to provision of insurance benefit coverage that is adequate to current or nearly current operation condition(s); discounted real-time or nearly real-time insurance benefits; or subsidized service(s). Offered incentives can be afforded at least in part through monetization of available knowledge via commercialization thereof or targeted advertisement. | 10-11-2012 |
| 20120265558 | UNEMPLOYMENT INDICATOR PREDICTION - A method for determining unemployment insurance payment dollars and/or the unemployment rate at some point in the future includes receiving various data and performing a calculation based on such received data. In one embodiment, the unemployment insurance payment dollars can be determined in two quarters in the future by receiving data of percent change in personal consumption expenditures, receiving data of change in non-residential investment, and receiving data of median rent, and then, calculating such future total unemployment insurance payment dollars based on the percent change in personal consumption expenditures data, the change in non-residential investment data, and the median rent data. | 10-18-2012 |
| 20120265559 | System and Method for Integrating Project Delivery Risk Management - A system and method for managing risk on a project may include storing project information that reflects contract risk allocation provisions and project contingencies. The project may further be insured by a coordinated set of insurance policies. The project information may further include project definitions and terms of the insurance policies. A project participant may be enabled to submit a claim for coverage under the project contingencies or insurance policies that is related to at least one project definition. At least one other project participant may be enabled to submit a response to the submitted claim. Access to the submitted claim and to at least one submitted response to may be provided to a project manager. The project manager may be enabled to submit a decision about the submitted claim. The project participants may be notified of the decision about the submitted claim by the project manager. | 10-18-2012 |
| 20120265560 | SYSTEM AND METHOD FOR APPORTIONING RISK AS BETWEEN PROJECT CONTINGENCIES AND INSURANCE AND AS AMONG PARTICIPATING INSURANCE CARRIERS - A system and method for allocating risk of an insurance policy being issued by a lead insurance carrier for a project may include collecting project information associated with the project being covered by the insurance policy of the lead insurance carrier. The project information may include project provisions, contract contingencies, and insurance terms. Another potential carrier may be offered a percentage of the premium and coverage risk associated with the insurance policy. The project information may be made accessible for viewing by the potential other carrier to consider in connection with taking a percentage of the insurance policy. Information associated with the potential other carrier may be associated with the project information in response to the lead insurance carrier accepting an offer by the potential other carrier for a percentage of the insurance policy. The percentage of the insurance policy risk and premium may be communicated to the other carrier. | 10-18-2012 |
| 20120271657 | OVERLAYING IMAGES IN AUTOMATED INSURANCE POLICY FORM GENERATION - Overlaying images in automated insurance policy form generation includes electronically converting a first form in a first format to a second format to and in response to receiving a Web page request, electronically communicating the second form to be displayed within the Web browser instead of electronically communicating the first form in the first format to be displayed within the Web browser. In the case where the first format is Adobe® portable document format (PDF) and the second format is Joint Picture Expert Group (JPEG) format, this enables the user of the browser to overlay images on the forms within the Web page interface of the browser, while it appears to the user they are overlaying images on the original PDF versions of the forms. The final integrated PDF form is then generated from the data indicating the location of the overlay image on the underlying JPEG form. This process may also apply to insurance policy forms wherein the overlay image is a state specific stamp to be placed on the underlying form. | 10-25-2012 |
| 20120271658 | METHOD FOR A CLOUD-BASED INTEGRATED RISK PLACEMENT PLATFORM - A cloud-based analysis and trading system that can enable virtual management of both placement and pricing of risk between a reinsurer and cedant, or between any other parties. The system can also manage existing contracts and policies. Cloud software can offer risk optimization, entity rating, trading exchanges, billing and payments services, automated recovery, and statutory filing interfaces. Virtual private clouds can be provisioned around specified criteria, such as lines of business, major rating classes, and groups of claims. | 10-25-2012 |
| 20120271659 | COMMERCIAL INSURANCE SCORING SYSTEM AND METHOD - A quantitative system and method that employs data sources external to an insurance company to generate a statistical model that may be used to more accurately and consistently predict commercial insurance profitability (the “predictive statistical model”). The system and method are able to predict individual commercial insurance policyholder profitability on a prospective basis regardless of the internal data and business practices of a particular insurance company | 10-25-2012 |
| 20120271660 | CLOUD SERVICE FACILITATOR APPARATUSES, METHODS AND SYSTEMS - The CLOUD SERVICE FACILITATOR APPARATUSES, METHODS AND SYSTEMS (“CSF”) transforms user purchase requests, refund requests, and product/service replacement requests via CSF components into transaction records, refunds, and replacement products/services outputs. The CSF may receive a consumer purchase request for a cloud service from a merchant. In response to the request, the CSF may generate a unique record key for the purchase and may transmit the unique record key to the merchant. The CSF may further receive additional transaction information and the unique record key from the merchant. In response to the received information and the unique key, the CSF may provide additional service to the merchant or the consumer. | 10-25-2012 |
| 20120271661 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO LIFE INSURANCE POLICIES ISSUED PRIOR TO UNDERWRITING - A computer system for administering applications for life insurance has a processor and a memory storage device in communication with the processor. The processor is configured to receive data indicative of an application and an initial premium payment from a proposed insured for life insurance; based on the received data, determine whether the proposed insured is uninsurable; responsive to a determination that the proposed insured is not uninsurable, generate an output signal having data indicative of a decision to respond to the application by issuing a policy and commencing a comprehensive underwriting process; receive data indicative of a result of the comprehensive underwriting process; based on the result of the comprehensive underwriting process, determine a rating of the proposed insured; and, based on the rating, provide an output signal indicative of a same or changed premium for the policy. | 10-25-2012 |
| 20120271662 | METHODS AND SYSTEMS FOR PROVIDING LONGEVITY INSURANCE WITH OR WITHOUT AN ASSET BASED PREMIUM - The present invention provides methods and systems for providing longevity insurance by obtaining information useful for issuing a longevity insurance contract for an individual, and determining a premium or an income payment for the individual that are computed based at least in part on an individual's age at a predetermined date that income payments are deferred to. The longevity insurance contract generally provides deferred income payments for a period of time, such as for the life of the individual, beginning at a predetermined date that is after an individual's anticipated retirement, or at a predetermined date that is after the individual's life expectancy, or on or after a specified birthday of the individual. | 10-25-2012 |
| 20120271663 | SYSTEM AND METHOD FOR INCREASING CAPACITY IN AN INSURANCE SYSTEM THROUGH CAPITAL MARKET PARTICIPATION IN CELL COMPANY BASED ALTERNATIVE RISK TRANSFER STRUCTURE - The invention relates, in various aspects to systems, methods, and computer readable media suited for implementing a commonly administered, quota share-based multi-insurer primary insurance system. Among other embodiments, at least one insurance entity is associated with a funding entity, and portions of a claim liability or a received premium associated with at least one insurance policy are allocated among at least two insurance entities and the funding entity according to the stored quota share rates associated with the at least one insurance policy. Other embodiments are disclosed and encompassed herein. | 10-25-2012 |
| 20120271664 | ACCOUNT LEVEL PARTICIPATION FOR UNDERWRITING COMPONENTS - An account management system has been developed that enables customer or client-related information to be stored, viewed and manipulated in a manner that reflects the relationship among different customers. The account management system includes an account data structure that defines accounts and relates customers to accounts so that the accounts include a group of related customers. In addition, a method of managing an underwriting account for an insurance policy has been developed. In particular, a method comprises the steps of establishing a plurality of participants, assigning each participant of the plurality of participants to an account, establishing business rules at an account level, and providing an underwriting decision for an account based upon the business rules. | 10-25-2012 |
| 20120278107 | SYSTEMS AND METHODS FOR MANAGING INSURANCE ACCOUNT DOCUMENTS - A Personal Health Application (PHA) management system stores templates that are used to generate customized PHA documents. The PHA management system receives a request for a PHA document, where the request includes information that describes a new insurance policy or modification of a policy that an insurance consumer is requesting, that indicates the state or other area in which the insurance consumer lives, that indicates the reason that the consumer is requesting the new policy or modification, and/or other information. The PHA management system generates a PHA document based on a stored template and the information included in the request, and the generated PHA document may be provided to the insurance consumer. | 11-01-2012 |
| 20120278108 | SYSTEMS AND METHODS FOR IMPROVING ACCURACY OF INSURANCE QUOTES - A method for improving the accuracy of a quote generated by an insurance business to a consumer for an insurance product is provided. The method determines personal identifying data of the consumer, matches the determined identifying data with one of the personal identifiers listed in an index file. The method identifies a plurality of insurance claims associated with the matched personal identifier, determines which of the identified insurance claims are chargeable based on a claim criteria provided by the insurance business, and returns a claim score to the insurance business indicative of a number of claims determined to be chargeable. The method further identifies a plurality of personal injury insurance claims associated with the matched personal identifier, determines which of the identified personal injury insurance claims are pertinent based on claim criteria provided by the insurance business, and returns an alert to the insurance business identifying pertinent personal injury claims. | 11-01-2012 |
| 20120278109 | INSURANCE PRODUCT, RATING SYSTEM AND METHOD - In the present invention, an insurance product, rating system and method generally relates to a rating and pricing system for quantifying the risk that the annual savings will not fall below specified levels associated with implementing and maintaining economic improvements. The product, system and method can be applied to various industries, including, power generation, petro-chemical, manufacturing and refining facilities. Various embodiments disclosed herein relate to systems and products for providing a computer implemented insurance product. | 11-01-2012 |
| 20120278110 | INSURANCE PRODUCT, RATING SYSTEM AND METHOD - In the present invention, an insurance product, rating system and method generally relates to a rating and pricing system for quantifying the risk that the annual savings will not fall below specified levels associated with implementing and maintaining economic improvements. The product, system and method can be applied to various industries, including, power generation, petro-chemical, manufacturing and refining facilities. Various embodiments disclosed herein relate to systems and methods for determining optimal risk acceptance values associated with implementing an economic improvement plan for a facility. | 11-01-2012 |
| 20120278111 | INSURANCE PRODUCT, RATING SYSTEM AND METHOD - In the present invention, an insurance product, rating system and method generally relates to a rating and pricing system for quantifying the risk that the annual savings will not fall below specified levels associated with implementing and maintaining economic improvements. The product, system and method can be applied to various industries, including, power generation, petro-chemical, manufacturing and refining facilities. Various embodiments disclosed herein relate to a system and method for establishing a rating system to determine the impact on an insured's credit risk. | 11-01-2012 |
| 20120278112 | TRANSFERRING INSURANCE POLICIES - A server may receive from a trading system information on an insurance policy, in which the information may include privacy related information. The server may compare the privacy related information to at least one predefined characteristic and determine that there is a match between the privacy related information and the characteristic. Based at least in part on there being a match, the server may filter-out the insurance policy such that the information on the insurance policy is not provided to a workstation in use by a participant. Alternatively, the server may determine that there is not a match between the privacy related information and the characteristic and provide the information, minus the privacy related information, to the workstation. | 11-01-2012 |
| 20120284058 | INSURANCE EXCHANGE - An insurance exchange for providing a neutral, unbiased and automated lead generating platform for interaction, relating to insurance products and services, between a set of users and a set of providers. The system integrates the processes involved in an insurance lifecycle including quote management, endorsement and claims assistance using a single unique code. The unique code captures minute details of the insurance product's lifecycle which can be tracked and retrieved for processing requisitions at any stage of the insurance lifecycle by the system. Moreover, the system gives a user the flexibility to use/enroll to the system at any time within the life of purchased Insurance product. Thus, the insurance exchange is a one-stop shop for a user for any insurance stream including life, non-life, takaful or micro to compare benefits and prices, choose and avail any insurance product or service and also to redress his grievances. | 11-08-2012 |
| 20120284059 | METHOD AND SYSTEM FOR DETERMINING THE IMPORTANCE OF INDIVIDUAL VARIABLES IN A STATISTICAL MODEL - A method and system for determining the importance of each of the variables that contribute to the overall score of a model for predicting the profitability of an insurance policy. For each variable in the model, an importance is calculated based on the calculated slope and deviance of the predictive variable. Since the score is developed using complex mathematical calculations combining large numbers of parameters with predictive variables, it is often difficult to interpret from the mathematical formula for example, why some policyholders receive low scores while other receive high scores. Such clear communication and interpretation of insurance profitability scores is critical if they are used by the various interested insurance parties including policyholders, agents, underwriters, and regulators. | 11-08-2012 |
| 20120284060 | SYSTEMS AND METHODS FOR PROCESSING INSURANCE INFORMATION - Systems and methods for processing insurance information may comprise a memory and a processor. The memory may store asset and life situation data, life events data, and insurance data. The processor may be coupled to the memory and may be configured to determine asset and life situation events based on the asset and life situation data, determine insured events based on the insurance data, determine detailed coverage information by mapping the insured events to the asset and life situation events, and provide the detailed coverage information. | 11-08-2012 |
| 20120284061 | INSURANCE WARRANTY PRODUCT, METHOD AND SYSTEM COMPENSATING FOR AN ERROR IN MEDICAL TREATMENT OR NEGATIVE HEALTH OUTCOME - An insurance warranty product provides monetary payment to an insured after experiencing an error in, or negative health outcome resulting from, medical treatment. The terms of the insurance warranty product define the benefit of monetary payment, and the errors in, or negative health outcome resulting from, medical treatment covered by the product may be pre-defined. Errors in medical treatment and negative health outcomes may also be analyzed according to industry standards, and the insured may receive the benefit based on the analysis. | 11-08-2012 |
| 20120290329 | SOCIAL NETWORK PLATFORM FOR UNDERWRITING - A social networking platform for peer-to-peer underwriting is disclosed. A user's social network acquaintances may be contacted or otherwise polled to determine their agreeability with serving as an underwriter for the user's desired financial services in order to reduce (or eliminate) the financial risk of providing the financial services to the user by the financial services provider. With a plurality of acquaintances willing to underwrite, the financial risk may be substantially dispersed among numerous acquaintances while the user is granted their desired financial services (or a reduced rate for the financial services). | 11-15-2012 |
| 20120290330 | SYSTEM AND METHOD FOR WEB-BASED INDUSTRIAL CLASSIFICATION - Systems and methods are disclosed herein for determining an insurance evaluation based on an industrial classification. The system includes a content processor, a computerized predictive model, and a business logic processor. The content processor retrieves content from a website related to an entity seeking an insurance policy and extracts data from the website content. The computerized predictive model accepts the data extracted from the website content from the content processor, processes the extracted data, and outputs data indicative of at least one industrial classification associated with the entity. The business logic processor determines an insurance evaluation of the entity based on its industrial classification(s). | 11-15-2012 |
| 20120290331 | METHODS AND SYSTEMS FOR PROVIDING DEFERRED ANNUITIES WITH AN INCOME RESET FEATURE - Methods and corresponding systems are provided for providing and administering deferred annuities with an annuity reset feature that provide periodic income payments to an annuitant for a term beginning at a start date. The methods include the step or steps of: receiving annuity information for an annuitant; determining at a first date one of a purchase price and an amount of at least one income payment due to the annuitant at the start date. The purchase price or the amount of at least one income payment due the annuitant includes a fee for the annuity reset feature that resets at least one variable of the annuity at a reset date later than the first date if the at least one variable of the annuity at the reset date is more beneficial to the annuitant than at least the first date; and offering the annuity with the reset feature to the annuitant. | 11-15-2012 |
| 20120290332 | SYSTEM AND METHOD FOR ONLINE AGENCY - The present disclosure describes novel systems and methods for a customer to receive information and/or purchase a product or service while interacting with multiple vendors through a single contact/agency. The customer is able to communicate with the agency through a variety of communication modes. The agency adapts the customer's input as necessary to meet the requirements of the vendors and the agency returns information to the customer so that the customer can conveniently interact with the multiple vendors. The systems and methods allow for the customer to stop and restart the process at various points using any of the communication modes. The agency has the ability to present the customer with prospecting, sales, service, upgrades, cross-sells, and other pre- and post-purchase services at the single point-of-contact agency. | 11-15-2012 |
| 20120290333 | SYSTEM AND METHOD FOR REPAIR CALCULATION, REPLACEMENT CALCULATION, AND INSURANCE ADJUSTMENT - Disclosed is a novel system and method that provides real time information to an insurance adjuster. The system obtains information related to an insured item which has an outstanding claim. Information includes the cost to repair a specific item, the salvage value of the item, and the cost to replace the item. The system then compares the information related to the insured item from an economic perspective to determine whether it should be repaired or replaced. Since the system is objective, it reduces the reliance on subjective human factors such as collusion and lack of expertise. As a result, the system reduces the number of fraudulent and inaccurate transactions related to the specific item. | 11-15-2012 |
| 20120290334 | System and Method for Producing a Flexible Geographical Grid - A variable resolution grid provides a mechanism for focusing specific concentrations of risk exposure on a geographical grid to determine projected loss caused by a particular catastrophe. The geographic grid provides a stable base map by using latitudes and longitudes to define the grid points and cells. Each cell is assigned a geographic identifier or geocode that identifies the location of the cell and its associated resolution. The resolution of the grid may be varied depending in part, on the resolution of any available of hazard data. | 11-15-2012 |
| 20120290335 | METHOD AND SYSTEM FOR PROCESSING OF DATA RELATED TO UNDERWRITING OF INSURANCE - This invention relates generally to a computer system and method for integrating insurance policy underwriting. In one aspect it integrates the older legacy insurance policy generating systems to on line systems where users access the system through browsers. The computer system to perform the process of underwriting, rating, quoting, binding, and booking an insurance policy includes browsers, data bases, processors and a dispatcher that parses the information to select an insurance process. Suitable software programs review messages received from users to determine if certain messages are less than a prescribed limit. If a message is greater than the limit, then the message is parsed into a header information and one or more data fields whereby the header information is provided to a legacy processor and to policy generation software for further creation of policy related information and documentation. | 11-15-2012 |
| 20120296676 | TRANSFORMING DATA FOR RENDERING AN INSURABILITY DECISION - Transformation of disparate data for use in rendering a decision involving a potentially insurable risk. An Extract, Transform, Load (ETL) process extracts the data and converts it from a plurality of formats into a standard format for processing. A heuristic engine inferentially processes the converted data to identify information relevant to the decision to be rendered. A consolidation and presentation engine generates presentable knowledge from the relevant information and then presents the knowledge to a decision-making entity for rendering the decision. And an optimization feedback process monitors one or more actions on the presented knowledge by the decision-making entity and adjusts one or more of the ETL process, the heuristic engine, and the consolidation and presentation engine as a function of the monitored actions. | 11-22-2012 |
| 20120296677 | Systems and Methods for Online Sale of Artwork - Systems and methods of transacting purchases of artwork using communications networks are disclosed. Such systems and methods for transacting a purchase of artwork using a communications network may comprise receiving offers to purchase artwork from collector client devices in communication with the communications network, each offer comprising an offer price; displaying, on a gallery client device in communication with the communications network, at least one of the offers, collector profile information corresponding to the at least one offer, and an option to accept the at least one offer; and transmitting to a collector client device an acceptance of one of the offers. The accepted price may be less than the highest offer price of the transmitted offers. | 11-22-2012 |
| 20120303389 | SYSTEMS AND METHODS TO IDENTIFY POTENTIALLY INACCURATE INSURANCE DATA SUBMITTED BY AN INSURANCE AGENT - According to some embodiments, a system may receive, from a remote insurance submitter, insurance data submitted via an electronic quoting and submission system in connection with behavioral data associated with the submitter. A processor may then automatically analyze the submitted insurance data based at least in part on information stored in a historic underwriting analytics database and the behavioral data associated with the submitter. Potentially inaccurate insurance data submitted by the insurance submitter may then be identified based on the analysis. According to some embodiments, a plurality of potentially inaccurate insurance data values may be used to flag the submitted insurance data, the insurance submitter, one or more input portions of the electronic quoting and submission system, and/or an insurance class of business. | 11-29-2012 |
| 20120303390 | SYSTEM AND METHOD FOR MAINTENANCE AND PERPETUATION OF A DEDICATED DATA BODY - One example embodiment relates to a method comprising creating a legal entity, creating a fund, and establishing an insurance policy. The legal entity is associated with an original owner, a dedicated data body and data services for the dedicated data body. The fund is associated with the legal entity and which is managed by a fund manager. The insurance policy is associated with the legal entity and is issued by an insurance provider. Another example embodiment relates to a method comprising creating a legal entity that is associated with an original owner, a dedicated data body and data services for the dedicated data body. The method further comprises establishing an insurance policy, associated with the legal entity, which is issued by an insurance provider. Other embodiments also exist. | 11-29-2012 |
| 20120303391 | METHOD AND SYSTEM FOR ANALYZING INSURANCE CONTRACTS AND INSURANCE CONTRACT PORTFOLIOS - Systems, methods and computer program products for analyzing stochastic characteristics, including one or more subsystem for forecasting financial statements and financial ratios' probability distributions and configured for at least one of: analyzing insurance contracts and portfolios without simplifying contract and product terms and conditions; studying and illustrating financial statement probability distributions; analyzing insurance portfolios by creating net asset value distributions thereof without deterministic assumptions; modeling to support asset and liability management, wherein both assets and liabilities are simulated simultaneously and decisions are based on joint probability distributions thereof; and modeling to study effects of model specification changes by implementing new model definitions and by rerunning the model with constant random number generator seed. | 11-29-2012 |
| 20120303392 | SYSTEM FOR MONITORING VEHICLE AND OPERATOR BEHAVIOR - A system for monitoring operator and motor vehicle behavior, including at least one mobile device; application software resident on the mobile device, wherein the application software is operative to gather and record information relevant to both the behavior of a motor vehicle and the behavior of an operator of the motor vehicle, and wherein the application software is activated or deactivated based on certain predetermined trigger events; and at least one information processor in communication with and/or resident on the mobile device, wherein the information processor is operative to process and characterize the information gathered by the application software and communicate the processed and characterized information to a user of the system. | 11-29-2012 |
| 20120303393 | LIFE INSURANCE PRODUCTS UNDER A SINGLE APPROVED FORM - A system and method for generating life insurance products under a single approved form. In one aspect, a system and method are provided for determining a premium schedule by selecting a death benefit; targeting a projected balance of an account associated with the product; designating at least one premium band; generating, in response to a deferral determination for at least one premium-based charge for at least one premium band, factors for allocating charges associated with the product; and calculating the premium schedule. In another aspect, a system and method are provided for determining a death benefit, and in another aspect, a system and method are provided for determining a projected balance of an account associated with a life insurance product. | 11-29-2012 |
| 20120310675 | System and Method for Loss Checks Payable to Secured Party and Property Owner - Methods of and systems for distributing insurance proceeds from an insurer are disclosed. Insurance proceeds may be distributed to a property owner and a party with a security interest in the property. In accordance with some embodiments, the methods general comprise the steps of determining the amount of insurance proceeds to pay, capturing banking information associated with the property owner, providing the insurance proceeds to the party with a security interest in the property, removing the amount of value the party with the security interest in the property is entitled to and providing the residual value to the property owner. Systems in accordance with some embodiments of the invention general comprise a data capture device configured to capture banking information associated with the property owner, and a processor configured to provide a potion of the insurance proceeds to a first banking institution associated with the party with a security interest in the property and configured to provide the residual insurance proceeds to a second banking institution associated with the property owner. | 12-06-2012 |
| 20120310676 | SYSTEM AND COMPUTER-IMPLEMENTED METHOD FOR AUDITING WORKERS' COMPENSATION RELATED INVOICES - Disclosed herein are processor-executable methods, computing systems, and related technologies that may be used to audit invoices that have been repriced by Preferred Provider Organizations (PPOs). The invoices relate to services that were rendered pursuant to a workers' compensation insurance policy issued by an insurance company. Data related to invoices that have been repriced by PPOs are stored in a database, and an audit application is used to audit the invoices by analyzing the data stored in the database. Auditing the data may include determining whether the repricing was performed accurately, and assembling and storing data that reflects the accuracy of the repricing. After the auditing is performed, reports may be generated based on the audit results. Further, actions may be taken based on the audit results, such as reimbursing service providers for underpaid invoices and/or updating contracts between the insurance company and the PPOs. | 12-06-2012 |
| 20120310677 | BACKEND SYSTEMS AND METHODS FOR GRAPHICALLY ENABLED RETIREMENT PLANNING - According to some embodiments, supplemental data associated with a user's retirement planning may be received. In addition, a first set of user goals may be received, from the user, as basic expenses along with a second set of user goals as optional expenses. Predictable monthly retirement income and retirement assets associated with the user may then be determined A retirement planning platform may then automatically calculate a financial gap for the user based at least in part on the supplemental data, the first set of user goals, the predictable monthly retirement income, and the retirement assets associated with the user. | 12-06-2012 |
| 20120310678 | MANAGING AN INSURNACE PLAN - Managing an insurance plan includes receiving data relating to a life insurance policy of an insured person, the life insurance policy relating to in the event of the insured person dying, paying a predetermined amount to beneficiaries nominated in terms of the life insurance policy. Data relating to the occurrence of an insured event to the insured person is received, the insured event being an event other than dying. On the occurrence of the insured event, data is transmitted, including an instruction to pay an amount of funds to the insured person and reducing the predetermined amount to be paid to the beneficiaries nominated in the terms of the life insurance policy upon the death of the insured person, by an amount related to the amount of funds paid to the insured person for the insured event. | 12-06-2012 |
| 20120310679 | METHOD AND APPARATUS FOR INSURING AGAINST CROP LOSSES - A method and apparatus for insuring farm crops against low crop yields includes insuring a farm enterprise gains low crop yields averaged across the farm enterprise. The farm enterprise being insured against a crop yield below a first percentage of historical crop yields for the farm enterprise. The farm enterprise also being insured against a low crop yield for crop units, such as fields, wherein the crop unit is insured against a crop yield below a second percentage of historical crop yields for each insured crop unit. An insured loss occurs if the average yield for the farm is below the first percentage. An insured loss also occurs if the yield of one or more farm units is below the second percentage even if the average yield for the farm is above the first percentage. | 12-06-2012 |
| 20120323609 | SYSTEMS AND METHODS FOR PREDICTING THE VALUE OF PERSONAL PROPERTY - Accurate, appropriate valuation of the contents of a residence is facilitated based on characteristics of the household and the residence. These factors are used to estimate the proper value of the contents and may be based, at least in part and in various embodiments, on information collected in the course of the insurance underwriting process and from public and non-public consumer spending data. | 12-20-2012 |
| 20120323610 | Program for Alternative Funding of Employee and Retiree Benefits - An investment program for funding benefits by maintaining assets in the investment program that includes an employer owned trust account and at least one life, disability, health or annuity contract (including a terminal annuity) obtained directly or indirectly from a partially or wholly owned or non-owned captive insurance company. The insurance contract is purchased with assets from the trust account and the partially or wholly owned or non-owned captive insurance company is a least partially, wholly or non-owned by the employer. When paying or reimbursing benefits, the employer or the trust may pay the benefit and if the employer pays the benefit, the trust may reimburse the employer. | 12-20-2012 |
| 20120323611 | METHOD AND APPARATUS PERTAINING TO METRICS-BASED PRIORITIZATION OF BILLING EXCEPTIONS - Insurance billing includes receiving a plurality of exceptions arising out of one or more billing events and associated with one or more billed parties; categorizing the plurality of exceptions into a plurality of exception groups based at least in part on one or more types of exceptions; determining, for an exception group corresponding to a particular type of exception, a plurality of exception metrics for each of one or more corresponding billed parties; presenting, to the user, a selectable plurality of exception groups; and in response to a user selection of a particular exception group, presenting to the user one or more billed party identifiers of the one or more corresponding billed parties in the particular exception group and the plurality of exception metrics determined for each of the one or more corresponding billed parties. | 12-20-2012 |
| 20120330686 | SYSTEM AND METHOD FOR AUTOMATED SUITABILITY ANALYSIS AND DOCUMENT MANAGEMENT - A suitability management system for evaluating insurance product recommendations for customers suitability is provided. The suitability management system may generate a dynamic suitability questionnaire document based on a stored template in view of a number of business rules and the generated suitability document may be provided to the insurance consumer for completion and subsequent scoring. The scored document is evaluated using a comprehensive scoring process to evaluate the consumer's acumen, risk tolerance and solvency. The system is configured to interface with a third party to conduct the suitability analysis. | 12-27-2012 |
| 20120330687 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO LAST SURVIVOR LIFE INSURANCE POLICIES - A computer system for processing data related to last survivor life insurance policies includes a processor configured to process data related to a last survivor policy on two or more insureds, associated single life policies on the two or more insureds, and one or more ancillary benefits. The processing of data may include generation of illustrations, processing of applications, underwriting of applications, and generation of policy documents, employing common data for the last survivor policy and the one or more associated single life policies. The ancillary benefits may include payments based on a medical condition of an insured, payments based on longevity of an insured, and payments based on disability of an insured. | 12-27-2012 |
| 20120330688 | BENEFIT PAYMENT METHOD AND SYSTEM - A funding system for post retirement benefits is provided that includes implementing first and second life insurance policies each of which pays a benefit. The owner enters into said first and second life insurance policies wherein the first insurance policy provides a benefit for that period of time that corresponds to the pre-retirement of an employee and the second life insurance policy pays a benefit only during that period that corresponds to the post retirement period of that employee. The first and second life insurance policies are structured such that the second policy expires upon death of the insured. The owner is not required to accrue any liability for the death benefit of the insured. Payments are effected of said first and second life insurance policies in said first period. | 12-27-2012 |
| 20120330689 | SYSTEM AND METHODS FOR FRAUD DETECTION/PREVENTION FOR A BENEFITS PROGRAM - Systems and methods of the present invention detect and/or deter individuals who may be collecting or intending to collect unemployment insurance (UI) benefits and simultaneously receive pay from an employer. Embodiments identify, during either initial screening of a UI applicant or on an ongoing basis for current recipients, those individuals who would seek to defraud UI programs by receiving improper payments. Methods include locating account information in databases from one or more (preferably, a plurality) of financial service organizations pertaining to deposit (or other) accounts for an individual applying for benefits, analyzing deposit transactions into those accounts, determining whether the individual is likely to be receiving deposits from employment or wages, and providing information to an entity such as a government agency regarding likely employment deposits for the individual. | 12-27-2012 |
| 20120330690 | SYSTEM AND METHOD FOR PROVIDING A SITE-RELATED WEATHER INSURANCE CONTRACT - The invention relates to a system for providing a site-related weather insurance contract for a product to be sold to at least one individual user. in particular of an agricultural product like seeds or fertilizer, comprises at least one central data processing unit (CDPU), preferably at least one remote measurement device (RMD) for the measurement of site-dependent weather parameters, at least one remote data processing unit I (RDPU) of a retailer, the at least one RMD being adapted to measure and provide the site-dependent weather parameters as re-motely measured data, each RMD having an individual RMD identification (ID) code assigned to it, each RMD being adapted to communicate the remotely measured data to a CDPU, the RDPU being adapted to generate a data set (RDPU data) comprising at least the product data, an RMD ID code and a user ID code, the product data possibly containing an insurance ID code, the RDPU being adapted to communicate the RDPU data to a CDPU, the CDPU being adapted to recee the RDPU data and to generate thereof an individual contract confirmation code, the CDPU being further adapted to communicate said individual contract confirmation code to at least one remote communication device (UCD) of an individual user. The invention further relates to a corresponding method and a remote data processing unit (RDPU), and further to a business method, if applicable, which utilizes the system and method according to the invention. | 12-27-2012 |
| 20120330691 | SYSTEMS AND METHODS FOR ADMINISTERING COMPREHENSIVE PROTECTION PLANS - Systems, methods means and computer program code for administering comprehensive protection plans are provided which include a computer system to process an insurance claim, the system having a first policy database storing policy data associated with a first type of insurance, a second policy database storing policy data associated with a second type of insurance, a requestor device and a claims processing system for receiving an insurance claim associated with a customer, determining that the claim involves a single loss event and more than one type of property damage, retrieving from the first policy database, information associated with a first policy of the customer and at least a second policy of the customer, the information including a first deductible associated with the first policy and a second deductible associated with the second policy, determining which of the first and second deductible to apply to the claim, and updating the first and second policy databases based on the determined deductible. | 12-27-2012 |
| 20120330692 | System and Method for Processing Data Related to Insurance Coverage for Multiple Risks - A computer system for processing of data associated with insurance coverage includes a data storage device storing data indicative of: an insured; a maximum benefit amount payable under the insurance coverage; a first category of risks; a second category of risks; a first benefit allocation corresponding to the first category of risks; and a second benefit allocation corresponding to the second category of risks; the benefit allocations being fractions of and totaling the maximum benefit amount. A processor of the system is configured to, responsive to the receipt of data indicative of a claim, determine eligibility for a benefit, and responsive to determining that the insured is eligible, provide output data indicative of a benefit amount, the benefit amount for each of the categories of risks having a maximum equal to the corresponding benefit allocation. | 12-27-2012 |
| 20130006673 | Consolidating Billing Statements in an Agency Business Model - A customer-focused, web-based computer system and methods may put the agency and the agency/broker code's perspective into billing, collections, and cash application processes. The system and methods may also allow a carrier to manage relationships with agents while including linkage to policy documents, a consolidated agency/broker code bill and commission presentment, online account reconciliation, and automated payment application. Furthermore, the methods may provide an agent user with access to data and functions that allow the system to consolidate an agency's multiple agency/broker code invoices into a single invoice for the entire agency or multiple groupings that align with the agency's accounting needs. | 01-03-2013 |
| 20130006674 | Systems and Methods Using a Mobile Device to Collect Data for Insurance Premiums - A system and method for determining a vehicle insurance premium for a period of time based at least in part on collected vehicle operation data, the system comprising: a mobile device, comprising: one or more sensors associated with the mobile device and configured to automatically collect vehicle operation data during a data collection session; a processor; a non-transitory storage medium; a display; a transmitter; and a set of computer readable instructions stored in the non-transitory storage medium and when executed by the processor configured to allow the mobile device to collect vehicle operation data and transmit the collected vehicle operation data; and a remote processing computer, comprising: a server that receives collected vehicle operation data; a database that stores collected vehicle operation data; and a rating engine that determines a vehicle insurance premium based at least in part on collected vehicle operation data. | 01-03-2013 |
| 20130006675 | SYSTEMS AND METHODS USING A MOBILE DEVICE TO COLLECT DATA FOR INSURANCE PREMIUMS - A system and method for determining a vehicle insurance premium for a period of time based at least in part on collected vehicle operation data, the system comprising: a mobile device, comprising: one or more sensors associated with the mobile device and configured to automatically collect vehicle operation data during a data collection session; a processor; a non-transitory storage medium; a display; a transmitter; and a set of computer readable instructions stored in the non-transitory storage medium and when executed by the processor configured to allow the mobile device to collect vehicle operation data and transmit the collected vehicle operation data; and a remote processing computer, comprising: a server that receives collected vehicle operation data; a database that stores collected vehicle operation data; and a rating engine that determines a vehicle insurance premium based at least in part on collected vehicle operation data. | 01-03-2013 |
| 20130006676 | SYSTEM FOR ADJUSTING INSURANCE FOR A BUILDING STRUCTURE THROUGH THE INCORPORATION OF SELECTED TECHNOLOGIES - A method and computerized system is disclosed for managing the underwriting, quoting and binding an insurance policy with regard to the technology used to militate against the financial consequences of property losses. The invention utilizes a classifier for categorizing and weighing risk, composed of data representing in an identified building, a first unmitigated insurance risk and a second insurance risk, based upon the use of certain technology. A plurality of such weights are summed such that the weights generate a minimized risk for a building structure under consideration. Combinations of technologies employed in building structures are mapped to classifications, which then permits an underwriter to establish a premium. In another aspect of the invention, data structures representing the quantification of risk reduction attendant a given technology or product are chained into a plurality of decision trees that process a construction phase and a pruning phase. | 01-03-2013 |
| 20130013343 | SYSTEM AND METHOD FOR RISK VALIDATION - Systems and methods for validating the level of risk associated with an insurance policy are based on information intrinsic to one or more of the activities covered by the policy, such as a vehicle identification number of a vehicle operated in association with one or more of the activities. From the vehicle identification number, a vehicle type for a vehicle may be determined, and the vehicle type may be used to validate whether the level of risk associated with the policy is appropriate. | 01-10-2013 |
| 20130013344 | SYSTEMS AND METHODS FOR DETERMINING OPTIONAL INSURANCE COVERAGES - Exemplary embodiments automatically determine and present optional insurance coverages that may be added to a base insurance coverage based on relevant characteristics of the customer. Relevant characteristics may include the characteristics of the customer's business operations. In various embodiments, optional coverages may be chosen to be similar to the optional coverages historically purchased by insured customers that have similar characteristics to the current customer, (e.g., similar business operations and risk profiles). In some embodiments, the automatic determination of optional coverages may also, or alternatively, be conditioned on the business objectives and policies of the company offering the insurance and/or on customer or user feedback regarding previously offered optional coverages. | 01-10-2013 |
| 20130013345 | SYSTEMS AND METHODS FOR BUSINESS CLASSIFICATION - Systems, apparatus, interfaces, methods, and articles of manufacture that provide for business classification, such as, for example, determining the nature of a business's operations to allow an accurate assessment of the corresponding risks and potential liabilities. | 01-10-2013 |
| 20130013346 | SYSTEMS AND METHODS FOR PRODUCT CONFIGURATION - Systems, apparatus, interfaces, methods, and articles of manufacture that provide for product configuration. | 01-10-2013 |
| 20130013347 | Vehicle Monitoring System - A data logging device tracks the operation of a vehicle or driver actions. The device includes a storage device, which may be removable or portable, having a first memory portion that may be read from and may be written to in a vehicle and a second memory portion that may be read from and may be written to in the vehicle. The second memory portion may retain data attributes associated with the data stored in the first removable storage device. A processor reads data from an automotive bus that transfers data from vehicle sensors to other automotive components. The processor writes data to the first memory portion and the second memory portion that reflect a level of risk or safety. A communication device links the storage device to a network of computers. The communication device may be accessible through software that allows a user to access files. | 01-10-2013 |
| 20130013348 | Vehicle Monitoring System - A data logging device tracks the operation of a vehicle or driver actions. The device includes a storage device, which may be removable or portable, having a first memory portion that may be read from and may be written to in a vehicle and a second memory portion that may be read from and may be written to in the vehicle. The second memory portion may retain data attributes associated with the data stored in the first removable storage device. A processor reads data from an automotive bus that transfers data from vehicle sensors to other automotive components. The processor writes data to to the first memory portion and the second memory portion that reflect a level of risk or safety. A communication device links the storage device to a network of computers. The communication device may be accessible through software that allows a user to access files. | 01-10-2013 |
| 20130018675 | Method, System and Program Storage Device for Obtaining Bail Bond InsuranceAANM Kagulian; ArtourAACI HollywoodAAST FLAACO USAAGP Kagulian; Artour Hollywood FL US - A method, system and program storage device in a client/server environment comprises establishing a connection with the server for the purpose of obtaining at least one insurance policy. An individual's request to obtain a bail bond insurance policy is communicated to the server. Personal information is obtained about the individual. The personal information is communicated to the server where the server processes the personal information and generates insurance rate information at least in part based on the personal information. The insurance rate information is received from the server. The insurance rate information is displayed for selection. A selection of the individual is communicated to the server where the server generates a bail bond insurance policy at least in part based on the selection with the individual as the holder of the bail bond insurance policy. | 01-17-2013 |
| 20130018676 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO A LIFE INSURANCE POLICY HAVING A SECONDARY GUARANTEEAANM Fischer; Paul M.AACI South WindsorAAST CTAACO USAAGP Fischer; Paul M. South Windsor CT USAANM Niedzielski; AndrewAACI WethersfieldAAST CTAACO USAAGP Niedzielski; Andrew Wethersfield CT USAANM VanHorn; Gerald G.AACI TollandAAST CTAACO USAAGP VanHorn; Gerald G. Tolland CT US - A computer system for processing data related to an universal life insurance policy issued by an issuer to an owner and having a death benefit payable to a beneficiary on death of an insured, includes a data storage device storing data indicative of rates and formulas applicable to the policy, and a processor in communication with the data storage device. The processor is configured to: receive data indicative of, for an universal life insurance policy to be illustrated, an age of an insured, a death benefit amount, and timing of payment of premiums; determine an amount of premiums required for the policy by determining whether a policy protection account will have a minimum balance at a selected future date, the policy protection account balance being calculated by crediting to the policy protection account balance amounts of premiums, reduced by a first tier premium charge at a first rate up to a break point amount of premiums, and a second tier premium charge at a second rate above the break point amount of premiums. | 01-17-2013 |
| 20130018677 | COMPUTER-IMPLEMENTED METHOD AND SYSTEM FOR REPORTING A CONFIDENCE SCORE IN RELATION TO A VEHICLE EQUIPPED WITH A WIRELESS-ENABLED USAGE REPORTING DEVICE - A computer-implemented method provides information about a financed, leased or insured vehicle having an onboard wireless-enabled usage reporting device for computing a risk associated with a financing, leasing or insurance obligation. The method entails receiving data from a remote computer to set parameters to be used by the device installed in the vehicle to measure real-time vehicle usage, computing on the device a confidence score based on the parameters and storing the confidence score in the device, the confidence score being indicative of a risk associated with the financing, leasing or insurance obligation of the vehicle, transferring the confidence score or information relating to the confidence score from the device to the remote computer in response to a command from the remote computer or automatically based on a predefined criterion, and displaying the confidence score to indicate the risk associated with the financing, leasing or insurance obligation. | 01-17-2013 |
| 20130018678 | FAMILY PROTECTION INSURANCE METHOD AND SYSTEM - Family protection insurance provides for a flexible and adjustable insurance policy that can be adjustable to be consistent with changes in the adult's insurance needs. The insurance policy is a term policy where, at predefined intervals, the policy owner may increase the policy value without requiring additional underwriting. The policy owner may also, at any time, convert all or a portion of the term policy to permanent insurance, while still maintaining the term policy and replenish the death benefit amounts of the term policy through the intermittent value increments. Thus, adults may adjust the death benefits of the term policy and convert the term policy death benefits to permanent insurance consistent with changing insurance needs. | 01-17-2013 |
| 20130024214 | COMPUTER APPARATUS AND METHOD FOR ILLUSTRATING, ISSUING, AND MANAGING DISABILITY COVERAGE FOR RETIREMENT PLANS WITH INDIVIDUAL ACCOUNTS - A computer-aided method of computing coverage benefit costs for a retirement plan having respective accounts for individuals, the method including the steps of converting input plan contribution data for at least one of said accounts of said retirement plan into corresponding input digital electrical signals, manipulating the input digital electrical signals in computing the coverage benefit costs for the at least one of said accounts according to said retirement plan, and producing output at an output device. The output including the computed coverage benefit costs for the at least one of said accounts of said retirement plan. The method is suitable for IRS Sec. 401, 408, 457, in cases such as an IRA, ROTH IRA, individual social security accounts of whatever country may be at issue, and the like. Input plan contribution data can include data such as FICA tax, Federal Old Age, Survivors, and Disability Insurance tax data. | 01-24-2013 |
| 20130024215 | INSURANCE QUOTING APPLICATION FOR HANDHELD DEVICE - A method, system and computer program product for providing location-based insurance rate quotes. The method and technique includes prompting, by a mobile electronic device, a user of the mobile electronic device to input a name into the mobile electronic device to associate with a request for an insurance rate quote; transmitting, by the mobile electronic device over a network to a server, the request for the insurance rate quote, the request including the name and location data corresponding to a location of the mobile electronic device; receiving from the server by the mobile electronic device an indication of an insurable property based on the location data; and receiving and displaying on the mobile electronic device a response received from the server including the insurance rate quote for the insurable property. | 01-24-2013 |
| 20130030844 | SYSTEM AND METHOD FOR PROCESSING PAYROLL-RELATED EMPLOYEE AND INSURANCE DATA - A computer system accesses payroll-related insurance premium data at an individual employee level and provides the data at the individual employee level, including cost of insurance at the individual employee level, on a client device. A computer system compares stored data with payroll data and identifies employees lacking occupation classification information for payroll-based premium determination. The computer system provides a fillable form on a user device for the user to provide occupation classification data, and receives the occupation classification data. The computer system provides fillable forms on a user device for a user to provide payroll data for receipt by the system, runs business rules on the received payroll data, determines premiums for payroll-based insurance coverage. | 01-31-2013 |
| 20130030845 | SYSTEM AND METHOD FOR ASSESSING A CONDITION OF AN INSURED PROPERTY AND INITIATING AN INSURANCE CLAIM PROCESS - A system and method for assessing a condition of property for insurance purposes includes a sensor for acquiring a spectral image. In a preferred embodiment, the spectral image is post-processed to generate at least one spectral radiance plot, the plot used as input to a radiative transfer computer model. The output of the model establishes a spectral signature for the property. Over a period of time, spectral signatures can be compared to generate a spectral difference, the difference attributed to a change in the condition of the property, such as a fire or flood. In response to the change, an insurance company initiates an insurance-related action such as processing a claim. | 01-31-2013 |
| 20130030846 | SYSTEM AND METHOD FOR MANAGING INVESTMENT RISK IN SATELLITE OPERATOR COMPANIES - In order to mitigate risk of satellite investment loss, a satellite loss event or failure event for a satellite that will be operated by a satellite operator company is identified. Actuarial data corresponding to prior satellite loss events or failure events substantially corresponding to the satellite loss event or failure event are identified. An investment loss mitigation insurance policy based at least in part on the identified actuarial data is developed. The investment loss mitigation insurance policy includes a salvage provision. The investment loss mitigation insurance policy is offered to the identified financial investors. The investment loss mitigation insurance policy is placed with an underwriting pool. | 01-31-2013 |
| 20130035962 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO GROUP BENEFIT INSURANCE HAVING CRITICAL ILLNESS COVERAGE - A computer system for processing data related to a group benefit insurance policy issued to a group policyholder to extend coverage to individual insureds and having a critical illness benefit includes a data storage device storing data indicative of: a plurality of categories of medical diagnoses; a plurality of diagnoses associated with each of the categories; a first occurrence value; a second occurrence value; and prior claims under the critical illness benefit by the insured. The system is configured to provide instructions for payment of the first occurrence value for a first diagnosis of an insured in a category, and the second occurrence value, which is less than the first occurrence value, for a second diagnosis of the insured in the same category. | 02-07-2013 |
| 20130035963 | SYSTEM AND METHOD FOR FINANCIAL TRANSACTIONS BETWEEN INSURANCE SERVICE PROVIDER AND MEDICAL SERVICE PROVIDER - The disclosure describes a method for prediction of functional dependencies between various factors involved in a payment given by an insurance service provider to a medical service provider for medical treatment of a patient comprising various steps like receiving input information wherein the input information comprises the basic factors involved in computation of the payment given by the insurance service provider to the medical service provider for the medical treatment of the patient. The received input information is then sorted based on some user selected basic factor and the sorted information is processed using data mining techniques to obtain the various functional dependencies between the basic factors. The determined functional dependencies are then displayed accordingly. | 02-07-2013 |
| 20130035964 | SYSTEM AND METHOD FOR DATA PROCESSING FOR TERM LIFE INSURANCE POLICIES ISSUED BEFORE COMPREHENSIVE UNDERWRITING - A computer system for administering applications for term life insurance has a processor and a memory storage device in communication with the processor. The processor is configured to receive data indicative of application data and data indicative of a health of a proposed insured; based on the received data, determine whether the proposed insured is eligible, and generate an output signal to cause a policy to be generated and comprehensive underwriting to commence, the life insurance policy providing for a first premium rate for a first period after issue, and a second premium rate for a second period commencing on expiration of the first period, at least one of the second premium rate being determined based on data indicative of a result of comprehensive underwriting. Upon completion of comprehensive underwriting, data is generated for notification of results of comprehensive underwriting and the second premium rate to the insured. | 02-07-2013 |
| 20130035965 | Computer-Implemented Personal Information Manager Method And System - A computer-implemented method for mortality tracking The method includes electronically receiving contact information of a beneficiary of a life insurance policy. The method also includes electronically receiving a unique identifier of the policyholder of the life insurance policy. The method further includes periodically electronically searching mortality database records to obtain a periodic mortality search result. Upon occurrence of an aperiodic triggering event, the method may further aperiodically electronically search the mortality database records for the unique identifier of the policyholder to obtain an aperiodic mortality search result. The method may include verifying the deceased status of the policyholder upon occurrence of an indication that the policyholder being deceased according to the periodic mortality search result. The method further includes transmitting a deceased status notification to the beneficiary of the life insurance policy based on the policyholder being deceased according to the periodic or the aperiodic mortality search result. | 02-07-2013 |
| 20130041693 | SYSTEMS AND METHODS FOR AUTOMOBILE TOTAL LOSS CALCULATIONS - Described are computer systems, methods, apparatus, and computer-readable data storage media storing instructions for performing a vehicle total loss calculation. In an embodiment, a computer system for performing total loss calculations includes a total loss engine computer and a storage device operatively coupled to the total loss engine computer. The storage device includes a total loss application program having instructions operative to instruct the total loss engine computer to receive a valid claim number and a state selection entered on a main menu of a total loss calculator application by a user for a vehicle that has been totaled. The instructions also instruct the total loss engine computer to provide access to the user to a plurality of total loss calculator data input fields, selection buttons, and a state guidelines viewer on the main menu, to receive an instruction to calculate a total loss amount based on data entered by the user in the main menu, to determine that all required data has been entered, to calculate a net total amount for the totaled vehicle, and to provide the net total amount to the user. | 02-14-2013 |
| 20130041694 | Computer Based Method of Pricing Equity Indexed Annuity Product with Guaranteed Lifetime Income Benefits - A computer-based method for determining a set of equity-indexed crediting parameters E for a lifetime-income equity-indexed deposit product provided to a set of owners having a set of dates of birth B, a rider charge C, a lifetime income percentage scale L, a set of profitability requirements R, a principal amount P, and an account value A. The method can include the steps of: establishing the values of C, L, R, P, A and E at a time when said deposit product is purchased; generating a set of yield curve and equity index scenarios consistent with valuation parameters; setting a trial value E | 02-14-2013 |
| 20130041695 | Life Insurance Cooperative - A method in a server computer connected over a network to a group of participants, where each participant operates a client computer. The method receives a payment for each participant in the group, associates the payments received for the group with a time period, calculates a designated portion of each payment, and creates a fund for the time period by combining the designated portions of the payments. The method receives a notification for each participant in a subgroup of the group of participants, where the notification indicates that during the time period an event occurred. The method calculates a portion of the fund to disburse to each participant in the subgroup, and disburses the fund to the participants in the subgroup, where the portion of the fund to disburse to each participant in the subgroup is a share of the fund. | 02-14-2013 |
| 20130046559 | SYSTEM AND METHOD FOR COMPUTING AND SCORING THE COMPLEXITY OF A VEHICLE TRIP USING GEO-SPATIAL INFORMATION - Systems and methods are disclosed herein for pricing an insurance premium based on route complexity. The system includes a computer memory and a processor in communication with the computer memory. The computer memory stores telematics data received from a sensor within a vehicle. The telematics data includes at least one of geo-position information of the vehicle and vehicle kinematics data. The processor is configured to compute a complexity score of the trip based on the telematics data. The processor is also configured to determine a price for automobile insurance for the driver based on the complexity score of the at least one trip. | 02-21-2013 |
| 20130046560 | SYSTEM AND METHOD FOR DETERMINISTIC AND PROBABILISTIC MATCH WITH DELAYED CONFIRMATION - Some embodiments may be directed to matching users, such as employees, with insurance records in an integrated database, wherein the integrated database includes a plurality of insurance records, each record being associated with a unique employee and having a plurality of fields. According to some embodiments, new employee information may be received and it may be determined that the new employee information does not qualify as a strong match with any insurance record in the integrated database. Moreover, it may be determined, based on a probabilistic pattern match of the new employee information with values in the fields of the integrated database, that the new employee information qualifies as a weak match with a particular insurance record in the integrated database. Subsequent to the determination of a weak match, supplemental employee information may be received, and, responsive to the supplemental employee information, the match between the new employee information and the particular insurance record in the integrated database may be upgraded from a weak match to a strong match. | 02-21-2013 |
| 20130046561 | PERSON-TO-PERSON LENDING PROGRAM PRODUCT, SYSTEM, AND ASSOCIATED COMPUTER-IMPLEMENTED METHODS - An individual consumer borrower accessing a person-to-person lending website is provided an opportunity to have a loan request wholly or partially satisfied by a financial institution at loan terms from the financial institution. The financial institution, for example, can receive information about a person-to-person loan request, determine whether to authorize a financial institutional loan, offer a loan to the individual on terms determined by the financial institution, and issue the loan to an individual consumer borrower responsive to approval of the terms. Prior to an auction, the individual consumer can choose an immediate loan offer having financial institution terms or choose to solicit individual consumer loan offers with more favorable terms through the person-to-person lending website. The financial institution can also offer a gap filling loan for a deficiency amount so that the loan request can be partially satisfied by individual consumer loan offers. | 02-21-2013 |
| 20130046562 | METHOD FOR GATHERING, PROCESSING, AND ANALYZING DATA TO DETERMINE THE RISK ASSOCIATED WITH DRIVING BEHAVIOR - A system and method for gathering, processing, and analyzing data to determine the risk associated with driving behavior is disclosed. A crash risk factor can be assigned to a driver behavior in a database ( | 02-21-2013 |
| 20130046563 | Program for Alternative Funding of Employee and Retiree Benefits - An insurance program for funding benefits by maintaining assets in the insurance program that includes an employer or employee owned trust account and at least one life insurance contract or non-cancelable accident and health insurance contract obtained directly or indirectly from a captive insurance company. The life insurance contract or non-cancelable accident and health insurance contract is purchased with assets from the trust account and the captive insurance company is at least partially owned by the employer. When paying or reimbursing benefits, the employer or the trust may pay the benefit and if the employer pays the benefit, the trust may reimburse the employer. | 02-21-2013 |
| 20130046564 | SEPARATION INSURANCE SYSTEM - Described is a computerized system for offering financing to applicants seeking financing for the purchase of real estate. The system comprises gathering information from the applicants regarding the applicants and the real estate; calculating, with computerized software, a separation insurance policy premium for the applicants based upon this and other information; determining the insurance policy price with the mortgage financing; offering the mortgage financing, coupled with the insurance premium, to the applicants; if the applicants accept, entering into a legally binding agreement memorializing the separation insurance policy; periodically and regularly charging the calculated periodic amount to the applicants; and administering the separation insurance in such a manner that, upon divorce or legal separation of the applicants, payments are made on behalf of the applicants for the real estate. | 02-21-2013 |
| 20130054274 | VISION INSURANCE INFORMATION SEARCH FACILITATION - Demographic information can be manually input into fields of a user interface. The demographic information can be for a patient of an eye care provider. One or more likely eye care insurers of the patient can be automatically determined from the demographic information. The eye care insurers that are accepted and that the patient is covered under can be unknown initially. A set of insurer maintained data stores corresponding to the set of one or more likely eye care insurers of the patient can be automatically determined. The set of insurer maintained data stores can be automatically searched for insurance information specific to individuals matching the demographic information. Results of the searching can be provided via the user interface, which identifies at least one eye care insurer of the patient and which provides an insurance number specific to an insurance policy of the patient. | 02-28-2013 |
| 20130054275 | METHOD FOR VALUING OUTPUT FOR STRUCTURING TRANSACTIONS - A computerized method for monetizing a commodity, product or service in exchange for an insurance product, and valuing assets of an entity in exchange for collateral for surety is disclosed. A request is received by an insurer from an entity for an insurance product. The insurer uses a computer to calculate a cash premium required by the insurer for the insurance product, to calculate an economic output needed to fulfill the cash premium, to calculate a cash premium threshold, and an economic output threshold. The computer instructs via a display, a printout, or a transmission, if the cash premium is greater than the cash premium threshold and if the economic output is greater than the economic output threshold. A computer-readable medium records the terms and data of an agreement for a delivery of economic output by the entity in exchange for an insurance policy provided by the insurer. A delivery of the economic output from the entity to a buyer and a cash premium payment from the buyer to the insurer are also recorded on the computer-readable medium. | 02-28-2013 |
| 20130054276 | METHOD AND SYSTEM FOR PROVIDING SERVICES TO VACATION HOMEOWNERS - A method and system for providing services to vacation homeowners facilitates the cost-effective administration of a variety of services required by vacation homeowners in a fashion that frees the homeowner from undue expense, time or effort. In one embodiment the method includes: setting up a real estate property on a system via capturing by a computer processor a complete image inventory of the property, creating a unique CRM record along with detailed information on the property; provisioning a new user account formatted into an online, user-accessible, self-care portal; conducting predetermined inspections of the property; assigning each property a unique identifier to ensure high quality case management of the property; tracking the inspections using the identifier; providing automatic alerts to the property owner at the initiation of specific workflow steps; providing alerts and updates; and measuring ongoing customer satisfaction by prompting for specific feedback. | 02-28-2013 |
| 20130060582 | UNDERWRITING SYSTEM AND METHOD ASSOCIATED WITH A CIVIC IMPROVEMENT PLATFORM - A system for underwriting using civic improvement platform based data is disclosed. In some embodiments, an automated insurance underwriting platform for rating and pricing insurance policies through the accessing and evaluating of civic improvement platform based information is implemented. According to some embodiments, civic improvement platform data associated with a potential entity to be insured may be received. The civic improvement platform data may be, for example, associated with user safety reports received by a civic improvement platform. The civic improvement platform data may be analyzed, and an underwriting decision for the potential entity to be insured may be made based at least in part on said civic improvement platform data. The underwriting decision may be associated with, for example, a premium for an insurance policy, a benefit for an insurance policy, an insurance policy renewal, and/or an insurance policy premium adjustment. | 03-07-2013 |
| 20130060583 | SYSTEMS AND METHODS FOR INSURANCE PRODUCT PRICING AND SAFETY PROGRAM MANAGEMENT - Systems, apparatus, interfaces, methods, and articles of manufacture that provide for insurance product pricing and safety program management such as, for example, utilizing vehicle telematics to determine product premiums, surcharges, and/or discounts and providing safety program management advice regarding how product pricing may be changed. | 03-07-2013 |
| 20130060584 | SYSTEMS AND METHODS FOR CUSTOMER-DRIVEN RISK ANALYSIS - Systems, methods, and articles of manufacture (such as interfaces) may be provided to enable a customer to identify, manage, reduce, and/or otherwise analyze or determine risk exposure. | 03-07-2013 |
| 20130066656 | SYSTEM AND METHOD FOR CALCULATING AN INSURANCE PREMIUM BASED ON INITIAL CONSUMER INFORMATION - According to some embodiments, initial consumer information may be received from a remote consumer device associated with a potential consumer. For example, the potential consumer might provide his or her name and address via a web page. According to some embodiments, the initial consumer information does not include vehicle information. Responsive to the initial consumer information, supplemental information may be automatically requested from a third-party data source. The supplemental information, including vehicle information associated with the potential consumer, may then be received from the third-party data source. An automobile insurance premium may then be calculated for the potential consumer based at least in part on the supplemental information. At least one potentially binding insurance quote may then be transmitted to the remote consumer device based on the calculated automobile insurance premium. | 03-14-2013 |
| 20130066657 | SYSTEM AND METHOD FOR ANALYZING EXISTING AND POTENTIAL LIFE INSURANCE COVERAGE - A method, system, and computer program product for providing an analysis of potential life insurance coverage, includes receiving information regarding a current life insurance policy from a user. User information, such as demographic information and a health status are received. At least part of the user information is transmitted to a plurality of life insurance carriers via an API. Quotes are received for a plurality of potential life insurance policies from the plurality of life insurance carriers. The quotes are analyzed in comparison with the information regarding the current life insurance policy, and aspects of the comparison are displayed to the user. | 03-14-2013 |
| 20130066658 | SYSTEM AND METHOD FOR AUDITING INSURANCE VENDORS - A computerized system and computer-implemented method for enabling insurance vendor self-audits that receives referral data from a vendor, samples the referrals, assigns audit questions to each referral within the sample of referrals, presents the audit questions to the vendor and receives answers from the vendor, scores the answers based on rules, and reports the audit scores. | 03-14-2013 |
| 20130073317 | PERSONAL DATA ARCHIVAL, STORAGE, RETRIEVAL AND REPLACEMENT INSURANCE POLICY - The recent increase of natural disasters makes us all very mindful of what is really important. Our loved ones, our homes, our cherished memories are at the top of that list. This invention insures and protects personal photographs, digital media and personal documents with an archival, storage, retrieval and replacement system. Insureds' personal data is scanned using professional photographic scanning equipment to capture optimal image resolution. All data is encrypted with military-grade encryption prior to transfer via a secure SSL connection. Data is stored in state-of-the-art data centers that employ the highest security standards and are SAS70 or ISO certified. | 03-21-2013 |
| 20130073318 | SYSTEM AND METHOD FOR PROCESSING DATA FOR INSURANCE ISSUED TO INDIVIDUALS AND PROVIDING FOR COVERAGE OF RELATED INDIVIDUALS - A computer system is configured to process data related to a multi-generational insurance policy issued to a policy holder and providing coverage for one or more policy members having a family relationship with the policy holder. The system has a data storage device storing data associated with the policy, including coverages of the policy holder, coverages for each of the policy members, and a family relationship between the policy holder and the policy members. The system is configured to process insurance transactions initiated from a user-accessible device and related to the multi-generational policy. | 03-21-2013 |
| 20130073319 | APPARATUS, METHOD AND COMPUTER PROGRAM PRODUCT FOR DETERMINING COMPOSITE HAZARD INDEX - An apparatus, method and computer program storage device determine a composite hazard index. An interface receives a first risk score for a first hazard and a second risk score for a second hazard. The first risk score is in a first range of scores and the second risk score is in a second range of scores. A processing circuit emphasizes at least some scores in at least one of the first range of scores and the second range of scores. The processing circuit also normalizes the first risk score with respect to the first range of scores and second range of scores, and normalizes the second risk score with respect to the first range of scores and second range of scores. The processing circuit also combines a normalized first risk score with a normalized second risk score to form at least a component of a composite risk index. The first risk score and second risk score being specific to a common property. | 03-21-2013 |
| 20130073320 | SYSTEM AND METHOD FOR COMPARING FINANCIAL INSTRUMENTS - A method of providing a comparison of investments financial instruments includes the steps of: receiving, as an input, demographic information related to a person; receiving, as an input, information related to a life insurance policy; receiving, as an input, information related to one or more qualified plans; receiving, as an input, information related to one or more non-qualified investments; and providing, as an output, a graphic representation of a comparison of the value of the life insurance policy, the one or more qualified plans and the one or more non-qualified investments, wherein the graphic representation includes normalized values for the value of the life insurance policy, the one or more qualified plans, and the one or more non-qualified investments. | 03-21-2013 |
| 20130073321 | SYSTEMS AND METHODS FOR GENERATING VEHICLE INSURANCE PREMIUM QUOTES BASED ON A VEHICLE HISTORY - A method is provided for generating an insurance premium quote for a consumer seeking insurance coverage for a vehicle. The method determines a vehicle score indicative of a likelihood of a future auto insurance claim for the vehicle, wherein the vehicle score is based on both VIN based data and historical data of the vehicle. The method determines an insurance score for the consumer, based on at least one of a credit score, a driving record and a claim record. The method further generates the insurance premium quote based on the determined vehicle score and the insurance score. | 03-21-2013 |
| 20130073322 | SYSTEMS AND METHODS FOR ADJUSTING INSURANCE WORKFLOW - Systems and methods are disclosed herein for identifying potential insurance prospects. The potential customers or prospects are identified by determining prospect underwriting affinity scores, prospect affinity scores, and prospect context scores with predictive models. The scores are then combined into a combined prospect score, which is used to adjust insurance underwriting, workflow, and premium determination processes for the prospects. | 03-21-2013 |
| 20130080193 | SYSTEM AND METHOD FOR SELLING INSURANCE USING RAPID DECISION TERM - An insurance company sells a life insurance policy having a coverage period. The policy provides a total benefit amount which includes an all-cause benefit amount and an accidental death only benefit amount. The policy is initially underwritten on a limited basis and the ratio of the all-cause benefit to the accidental death benefit is low. The insured has the option of providing material to enable comprehensive underwriting and to enable risk classification. If the risk classification improves the policy benefits, the mix of coverage is adjusted to include a higher ratio of the all-cause benefit amount to the accidental death only benefit amount. If the insured does not provide any additional information or materials, or if the materials provided do not result in an underwritten risk classification that enables the policy provisions to be improved, the mix of coverage remains unchanged. | 03-28-2013 |
| 20130085782 | SYSTEM AND METHOD FOR PROVIDING ON-LINE MOVING INSURANCE - A system and method for providing moving insurance according to an automatically generated quote. | 04-04-2013 |
| 20130085783 | UNEMPLOYMENT INDICATOR PREDICTION - A method for determining unemployment insurance payment dollars and/or the unemployment rate at some point in the future includes receiving various data and performing a calculation based on such received data. In one embodiment, the unemployment insurance payment dollars can be determined in two quarters in the future by receiving data of percent change in personal consumption expenditures, receiving data of change in non-residential investment, and receiving data of median rent, and then, calculating such future total unemployment insurance payment dollars based on the percent change in personal consumption expenditures data, the change in non-residential investment data, and the median rent data. | 04-04-2013 |
| 20130085784 | USING A PAYMENT CARD TO ELECTRONICALLY ADJUDICATE CLAIMS FROM PATIENTS UTILIZING MAJOR MEDICAL BENEFITS FOR PRESCRIPTION DRUGS AND SERVICES - Processing a major medical claim in at least one processor. Receiving a major medical claim. Preparing a claim order from the received major medical claim. Transmitting the prepared claim order to a primary payer. Receiving a response to the transmitted claim order, the response comprising the amount of primary coverage. Transmitting claim order information and the amount of primary coverage to a secondary payer. | 04-04-2013 |
| 20130085785 | MEETING MONITORING AND COMPLIANCE ASSURANCE SYSTEM - An illustrative system and method according to the present invention monitors in-the-field meetings of representatives with customers, for example, marketing and sales activity. The system includes a central data system and a portable wireless device (e.g., tablet device, smartphone, etc) deployed with each representative. The portable wireless devices are equipped with a special software application (the “mobile application”) and also a communications device(s) for communicating with the central data system. The portable wireless device provides availability of the representative to the central data system and a guided meeting process, including collection of information, presentation of meeting content, and optional audio recording of the meeting. More particularly, the system can be used for monitoring in-the-field sales of regulated products, such as financial services, including insurance product sales. The monitoring can include guiding, documenting, and providing centralized assurance of regulatory and non-regulatory compliance during representatives' meetings with customers. | 04-04-2013 |
| 20130085786 | SYSTEM, METHOD, AND COMPUTER PROGRAM PRODUCT FOR DYNAMIC MESSAGING - Dynamic messaging systems and methods include a non-transitory, tangible computer-readable storage medium bearing instructions for performing dynamic messaging steps. A request message is received from a partner site based on a travel product selected by a customer from the partner site. The request message is analyzed using a dynamic messaging service (DMS) module operating within the computer system. A travel insurance product is identified and a message-content is selected from a database based upon information received from the partner site concerning the selected travel product. A quote for the identified travel insurance product is generated. The quotation and the message-content are compiled into a return message, which is communicated to the partner site for display to the customer. | 04-04-2013 |
| 20130085787 | METHOD OF MANAGING AN INSURANCE SCHEME AND A SYSTEM THEREFOR - A method and system for managing an insurance scheme includes receiving and storing data relating to a life insurance agreement between an insured person and a life insurer including data relating to at least one premium to be paid to the life insurer and details of the life insurers obligations to the insured person or their beneficiary on the occurrence of the insured person dying or suffering disability. Receiving data including information relating to the compliance of the insured person in a plurality of programme areas related to motor vehicle driver behaviours and storing the data in a database. Points are awarded to the insured person wherein the points awarded are related to the compliance of the insured person in the programme areas and the points awarded are then used to determine a reward for the insured person from the life insurer. | 04-04-2013 |
| 20130085788 | CENTRALIZED DETECTION OF RADIATION IN MULTIPLE FACILITIES - A central system of monitoring radiation levels in a plurality of facilities at the same time is disclosed. The system may include radiation detection systems, at least one processor to process monitoring data generated by the radiation detection systems to compensate for naturally occurring radiation, and a central monitoring station capable of generating an alarm at the central monitoring station and at a facility where an undesired radiation level has been detected. A method of monitoring radiation levels in production facilities is also disclosed. The method may include providing a plurality of radiation detection systems, providing a central monitor in communication with the radiation detection systems, communicating data from the radiation detection systems to the central monitor, and analyzing the data to detect potential radioactive materials. | 04-04-2013 |
| 20130085789 | System and Method for Providing a Platform for the Trade of Financial Instruments - The present invention is a system and method for providing a trading platform for the trade of F.I.s. According to some embodiments of the present invention, there may be provided a server or server cluster including at least one Interfacing Server adapted to interface with a user, possibly via a distributed data network such as the interne. The IS1 may be adapted to present to a user a trading platform, to receive from a user trade instructions, via the platform, and execute them. The trading platform may include innovative trade options including mid-trade options (e.g. trade insurance), batch trade options, series trade options, parlay trade options and “close now”/“extend” options. | 04-04-2013 |
| 20130090950 | POLICY EVENT MANAGEMENT SYSTEM AND METHOD - According to one aspect of the present disclosure, a method and technique for policy event management is disclosed. The method includes: receiving by a broker an electronic communication from an insurance provider of an event related to a policy of a consumer serviced by the insurance provider; responsive to receiving the notice, automatically determining whether the event meets at least one event criteria monitored by the broker; and responsive to determining that the event corresponds to at least one event criteria monitored by the broker, automatically initiating an action related to the event. | 04-11-2013 |
| 20130090951 | SYSTEM AND METHOD FOR PREMIUM FINANCING - The present invention is a system and method for financing insurance policy premiums on behalf of an insured via a premium financing loan. The present invention creates a plurality of contractual relationships of premium financing transactions and a computer-method of monitoring thereof between the insurance policy provider, insured, and premium finance company. The present invention provides a premium financing system and method that promotes long-term and permanent policies at origination, reduces the cost of insurance and/or policy loads, maximize the policyholder's cash surrender value, eliminates restrictive industry net worth and credit, increases business for agencies and carriers, creates a virtually unlimited capital, transfers interest rate risk from the insured to the fixed income investor, and provides a longer in-force holding period, thereby resulting in larger profits for the premium finance company and insurance carrier. | 04-11-2013 |
| 20130090952 | SYSTEM AND METHOD FOR TRANSFER CONTROL - Systems, methods and computer-readable media for transferring control over input of data to electronic forms. An electronic insurance application form including a plurality of form fields for receiving input data is displayed to a consumer. Control over input of data to the form fields is associated with an identifier of the consumer in an access control table for the electronic insurance application form. A request to transfer control over input of data to the form fields to an insurance agent is received from the consumer. The access control table for the electronic insurance application form is updated to associate control over input of data to the form fields with an identifier of the insurance agent. Data describing the electronic insurance application form is transferred to the insurance agent. | 04-11-2013 |
| 20130090953 | METHOD FOR DETERMINING LIFE EXPECTANCY - The subject matter disclosed pertains to a computer-implemented method for determining a life insurance premium. The premium is based on a theoretical adult lifespan (τ | 04-11-2013 |
| 20130090954 | MISTAKEN CONVICTION INSURANCE PRODUCT AND RELATED SYSTEM AND METHODS - An insurance product is presented that may cover the risk of compensating an exoneree for damages resulting from mistaken conviction The mistaken conviction insurance product may include a coverage amount, a premium amount, and a trigger of coverage payout. The trigger of coverage payout may be the overturning of a mistaken conviction. The coverage amount may compensate the exoneree for damages such as injury and expenses resulting from incarceration. The premium amount may be calculated based on factors that may include coverage payout elections and triggering event likelihood. The insurance product may be of the liability policy type to cover the person or entity liable to an exoneree, or of a first-person type to cover an insured's risk of mistaken conviction. A business method for offering and issuing a mistaken conviction insurance policy, and a computer-based system for facilitating the same, are also disclosed. | 04-11-2013 |
| 20130090955 | MANAGING AN INSURANCE PLAN - A method of managing an insurance policy uses at least one computer to execute software stored on non-volatile memory. The software is configured for accessing at least one benefit amount data to be paid out to the insured person on the occurrence of an insured event defined under the policy; receiving premium related data relating to a premium paid by the insured person for the at least one benefit amount; storing the benefit amount data and premium data in a database; defining an additional benefit amount to be paid in addition to the benefit amount if an insured event occurs within a predetermined future period of time; zeroing an additional premium amount for the predetermined period of time; processing health data and/or safety data, the health data relating to the use of a plurality of health related facilities and/or services by the insured person for the predetermined period of time and the safety data relating to the compliance of an individual with a safety program; and calculating, using the health data and/or safety data and the benefit amount and premium data, an additional premium amount to be paid for an additional benefit cover to be payable if an insured event occurs after the predetermined period of time. | 04-11-2013 |
| 20130096954 | System and Method for Automated Detection of Coverage Exceptions Based on Utility Usage Data - An advanced underwriting and risk evaluation system leverages data from utility based metering devices and other IP addressable devices, and machines to provide real time operational and usage data. The data is used by an insurance entity to modify and adjust insurance coverages and premiums in the case of certain usage exceptions and conditions in view of an underlying policy coverage. | 04-18-2013 |
| 20130096955 | SYSTEM AND METHOD FOR COMPLIANCE AND OPERATIONS MANAGEMENT - A system and method for identifying at least one legal authority related to the insurance industry and tracking responsive procedures. The system and method include a processor configured to identify and evaluate at least one insurance related legal authority, a memory device configured to store information in a central record that includes entries indicating information about the at least one insurance related legal authority and the evaluated impact on the at least one insurance business area and modified procedures of at least one insurance business area that comply with the at least one insurance related legal authority based on the evaluated impact, a display device configured to display communications regarding the modifications to the at least one insurance business area, and a communications interface to record and communicate the modifications to the at least one insurance business area. | 04-18-2013 |
| 20130096956 | SYSTEMS AND METHODS FOR PROCESSING THE REDEMPTION OF HEALTH CARE CREDITS - Systems and methods to manage health insurance are described. A subscriber of a health insurance plan with an insurance provider can receive health treatment from a health care provider. The subscriber can further have an account established with an account servicer, wherein the account comprises an amount of health care credits acquired or earned by the subscriber. The health care credits can be accepted as payment and can be applied to a balance due for the health treatment. When the health care credits are redeemed by the subscriber, the account servicer can deduct an appropriate amount of health care credits from the account of the subscriber. | 04-18-2013 |
| 20130096957 | SYSTEM AND METHOD USING INSURANCE FOR RISK TRANSFERENCE - Disclosed herein is a system and method for eliminating or transferring the non-economic risk of financial securities. The system and method serves to avoid non-economic losses in the first instance, and to counter the adverse capital impact of prior non-economic gap losses by providing capital relief consistent with a determined protected amount. A second party provides to a first party a policy covering potential losses in value for a fixed income securities (FIS) Portfolio, particularly losses between an upper attachment value and a lower exit value. The second party provides capital to the first party as a policy security in the event that the aggregate principle payments (APP) of the FIS Portfolio are less than the attachment value and the first party makes a claim under the policy. The first party pledges policyholder security for its future obligation to return all or a portion of the policy security should no claims arise under the policy or if the policy security exceeds the amount sought by any claims. The policyholder security may be the FIS Portfolio or other agreed upon assets, or some combination thereof. | 04-18-2013 |
| 20130096958 | METHODS OF SELLING ENDOWMENT POLICIES - Methods of selling endowment policies and funding an education are provided. In a general embodiment, the method includes selling a first endowment policy to an individual, allowing the individual to purchase additional endowment policies at the same price as the first endowment policy, and reminding the individual using an automatic computer generated reminder of the right to purchase additional endowment policies. The endowment policies can be used to fund an education. | 04-18-2013 |
| 20130096959 | Automatic Income Adjustment - A method includes receiving market data associated with an investment product that specifies a first guaranteed annual withdrawal amount and a second guaranteed annual withdrawal amount, where the first guaranteed annual withdrawal amount is greater than the second guaranteed annual withdrawal amount. The method also includes automatically selecting a guaranteed annual withdrawal amount from the first guaranteed annual withdrawal amount and the second guaranteed annual withdrawal amount based on at least an evaluation of the market data. | 04-18-2013 |
| 20130096960 | SYSTEM AND METHOD FOR ACTIVE INSURANCE UNDERWRITING USING REGISTRATION DATA OF IP-ADDRESSABLE DEVICES - A system and method are disclosed herein for maintaining an inventory of assets located at an insured property covered under an insurance policy based on data received from IP-addressable devices located at the property. The system includes an inventory database for storing inventory information about assets located at an insured property, a communication interface for receiving registration and operational data associated with an IP-addressable device, and a business logic computer. The business logic computer creates a data structure for storing inventory information about assets located at the insured property in the inventory database for each insured property. The business logic computer determines, for the insured property, the inventory information about the insured property's assets based on registration and operational data received from its IP-addressable devices located at the property. The business logic computer stores the insured property's inventory information in its associated data structure in the inventory database. | 04-18-2013 |
| 20130103428 | SYSTEM AND METHOD FOR PROVIDING SUPPLEMENTAL BUNDLED INSURANCE - According to some embodiments, a workers' compensation insurance premium may be calculated for a workers' compensation insurance policy covering a group of employees employed by an employer. Moreover, supplemental bundled insurance premiums may be calculated for each employee to provide individual, supplemental bundled insurance policies. The supplemental bundled insurance premiums may be contingent upon the employer's agreement to pay the workers' compensation insurance premium. By way of examples, the supplemental bundled insurance policies might be associated with one or more of short term disability insurance, long term disability insurance, accidental death insurance, accidental disability insurance and/or hospital accident insurance. | 04-25-2013 |
| 20130103429 | Method and System for creating a report comprising of a generated score directly associated to individual drivers Mobile Technology Use During Road Travel (MTUDRT). - A method of gathering data of actions/interactions associated to the use of Multi-function Mobile Communication Devices (MMCD), mostly devices known as Smartphones. Through the use of software application, mobile use determination data is collected and utilized into an algorithm for the creation of a score then reflected on a Driver Accountability Report (DAR). This report provides an assessment of the propensity of Mobile Technology Use (MTU) associated to individual drivers via a rating in the form of a score and visualizations which may be used as a gauge of distracted driving levels as it relates to Mobile Technology Use During Road Travel (MTUDRT). | 04-25-2013 |
| 20130103430 | METHOD OF MANAGING AN INSURANCE SCHEME AND A SYSTEM THEREOF - A system and method for managing an insurance scheme including receiving data relating to homeowner behaviour. The data is analysed to determine the manner in which the homeowner has behaved for a past predetermined period and the analysed data is then used to determine one or more obligations of the homeowner to the insurer. The obligations may include the amount of a premium to be paid to the insurer for the insurance and/or the amount of the excess to be paid by the homeowner in the event of a claim to the insurer. | 04-25-2013 |
| 20130103431 | MANAGING AN INSURANCE PRODUCT WITH AN INSURANCE VALUE CHAIN - A method of managing an insurance value chain is disclosed. A specification of an insurance policy having a set of attributes is received. Sets of values corresponding to the set of attributes are received. The sets of values are derived from negotiations with stake holders of an insurance value chain. Versions of the insurance policy are generated. Each of the versions of the insurance policy corresponds to a unique one of the sets of values. An aggregation of information regarding the versions of the insurance policy is presented via a user interface of an insurance value chain application. | 04-25-2013 |
| 20130103432 | SYSTEM AND METHOD FOR PROCESSING OF DATA RELATED TO REQUESTS FOR QUOTES FOR PROPERTY AND CASUALTY INSURANCE - This invention relates generally to a computer system and method for integrating insurance policy underwriting. In one aspect it integrates the older legacy insurance policy generating systems to on line systems where users access the system through browsers. The computer system to perform the process of underwriting, rating, quoting, binding, and booking an insurance policy includes browsers, data bases, processors and a dispatcher that parses the information to select an insurance process. Suitable software programs review messages received from users to determine if certain messages are less than a prescribed limit. If a message is greater than the limit, then the message is parsed into a header information and one or more data fields whereby the header information is provided to a legacy processor and to policy generation software for further creation of policy related information and documentation. | 04-25-2013 |
| 20130103433 | AUTOMATED INSURANCE SYSTEM - There is disclosed an automated management system for an insurance policy issued by an insurance provider to a policy holder. The system comprises a computer-based database for items covered by the policy, interfaces for inputting data into the system and/or database, and a Rules Engine, for checking input data against pre-defined rules. An Event Engine is configured to be actuated by a rules outcome effected by the Rules Engine, and/or data that is input via the interface. The Event Engine, when actuated, effects a pre-determined outcome event in relation to the insurance policy. | 04-25-2013 |
| 20130110554 | POLICY MANAGEMENT SYSTEM AND METHOD | 05-02-2013 |
| 20130110555 | SYSTEMS AND METHODS FOR MANAGING PHARMACY CLAIMS | 05-02-2013 |
| 20130110556 | ACTUARY-MANIPULABLE RATING MODEL SYSTEM | 05-02-2013 |
| 20130110557 | METHOD FOR DETERMINING INSURANCE BENEFITS AND PREMIUMS FROM DYNAMIC CREDIT INFORMATION | 05-02-2013 |
| 20130110558 | METHOD AND SYSTEM FOR ESTIMATING ECONOMIC LOSSES FROM WIND STORMS | 05-02-2013 |
| 20130110559 | SYSTEM AND METHOD FOR MANAGING DERIVATIVE MARKET INSURANCE TRANSACTIONS | 05-02-2013 |
| 20130110560 | System And Method For Determining Opportunities And Peer Information For Insurance Policies | 05-02-2013 |
| 20130117047 | Method for Defeasance of Pension Scheme Risk - A method of transferring risk from a pension scheme, comprising: a sponsoring entity acquiring a captive entity established to provide infrastructure to insure at least a portion of the pension scheme's liabilities; the sponsoring entity providing an amount of risk capital to the captive entity and an amount of capital to the pension scheme; the captive entity writing one or more contracts in favor of a counterparty to make payments dependent on the insured liabilities to the pension scheme members; calculating the insured liabilities to the pension scheme members; and causing an electronic payment of an amount dependent on the calculated insured liabilities to be executed to the counterparty. The captive entity may be demerged from the sponsoring entity by the sponsoring entity divesting at least a portion of the captive entity. | 05-09-2013 |
| 20130117048 | System and Method for Online Automobile Insurance Quoting - The present disclosure describes novel systems and methods for a customer to receive information and/or purchase a product or service while interacting with multiple vendors through a single contact/agency. The customer is able to communicate with the agency through a variety of communication modes. The agency adapts the customer's input as necessary to meet the requirements of the vendors and the agency returns information to the customer so that the customer can conveniently interact with the multiple vendors. The systems and methods allow for the customer to stop and restart the process at various points using any of the communication modes. The agency has the ability to present the customer with prospecting, sales, service, upgrades, cross-sells, and other pre- and post-purchase services at the single point-of-contact agency. | 05-09-2013 |
| 20130117049 | SYSTEM FOR SEARCHING AND SOLVING FOR INSURANCE PRODUCTS - A system for evaluating and scoring software products in which illustration engines relating to insurance products are run based on a common set of inputs. The illustration engines output a set of output metrics which are common to all illustration engines. The output metrics of products selected for comparison or evaluation are mathematically combined with each other and with the corresponding metrics of from all other illustration engines to determine a score which can be used to compare quickly and accurately the selected product against all other products in the database. The score may be determined by a weighted average in which the weights assigned to output metrics are adjustable at the user's discretion. | 05-09-2013 |
| 20130117050 | SYSTEM AND METHOD FOR ADMINISTERING TELEMATICS BASED REINSURANCE POOLS - A data processing system includes a processor for determining a percentage share to assign a share of relative risk in an insurance pool between an insurer, a first safety vendor and at least one other safety vendor. The processor is further configured to allocate portions of the insurance pool among the insurer and the safety vendors according to the determined shares assigned to the insurer and the safety vendors, to aggregate by the insurer loss information related to the insurance pool, and transmit the loss information to the safety vendors. Also, the processor may allocate portions of a claim liability or a received premium associated with the insurance pool among the insurer and the safety vendors according to the determined shares assigned to the insurer and the safety vendors. | 05-09-2013 |
| 20130117051 | SYSTEM AND METHOD FOR SELLING INTANGIBLE PROPERTY - A method comprises analyzing the psychology of a typical consumer and defining first key stages wherein customers drop out and second key stages wherein sales could be maximized. | 05-09-2013 |
| 20130124229 | SYSTEM AND METHOD FOR SECURE SELF REGISTRATION WITH AN INSURANCE PORTAL - Systems and methods are disclosed herein for processing a first-time registration request for electronic access to a plurality of computerized insurance services. A network interface is configured to communicate with the plurality of computerized insurance services by interfacing with a plurality of disparate information platforms and communicating with a user computing device. A memory stores a portal module, a profile module, and a security module, each in the form of computer executable instructions, which, when executed by a processor, cause the system to receive a user identity, a first-time registration request of the user identity, and one or more secure information items associated with the user identity from the user computing device, determine a verification score for the user identity based on the one or more secure information items, and selectively register the user identity with a plurality of the computerized insurance services based on the verification score. | 05-16-2013 |
| 20130124230 | INCREASING A POLICY VALUE ACCOUNT OF A LIFE INSURANCE POLICY BASED ON AN ECONOMIC VALUE OF THE POLICY - The present disclosure describes, among other things, an example method for maintaining an account for a life insurance policy. The method may include determining an amount to apply to the account, the amount based at least in part on i) a plurality of first factors based on data for life insurance policies in a class of policies, wherein the class of policies includes the life insurance policy, and ii) a plurality of second factors based on data for an individual, wherein the individual is a policy holder of the life insurance policy. The method may include increasing at least a portion of the account by the amount. | 05-16-2013 |
| 20130124231 | System and Method for Automated Funds Management - An automated funds management system and in particular a system and a method to at least ensure the payment of guaranteed minimum income benefit (“GMIB”) based on the automated sector based allocation of funds in a variable annuity. A contract holder's profile data is evaluated and a profile score is computed based on the evaluated profile data. The GMIB payment stream value is computed based on the available profile data and the assigned profile score. An appropriate asset class percentage allocation of contract holder funds is recommended based on the assigned profile score and the computed GMIB payment stream value. Appropriate subaccounts are identified based on the defined asset class percentage allocation of contract holder funds, GMIB payment stream value, and/or profile score. The changes in the value of at least one market index are captured and based on a pre-determined change in the value of at least one market index, at least a portion of the invested contract holder funds are reallocated into relatively better performing market sector based subaccounts. | 05-16-2013 |
| 20130124232 | MANAGING CONSISTENT INTERFACES FOR INDIAN PAYROLL BUSINESS OBJECTS ACROSS HETEROGENEOUS SYSTEMS - A business object model, which reflects data that is used during a given business transaction, is utilized to generate interfaces. This business object model facilitates commercial transactions by providing consistent interfaces that are suitable for use across industries, across businesses, and across different departments within a business during a business transaction. In some operations, software creates, updates, or otherwise processes information related to Indian employee payroll input, Indian social insurance arrangement, and Indian tax arrangement business objects. | 05-16-2013 |
| 20130124233 | SYSTEM AND METHOD FOR DETERMINING PAYROLL RELATED INSURANCE PREMIUMS - A computer-implemented method for determining payroll related insurance premiums includes receiving at a server computer first payroll data relating to a first employer in a first data format from a first source and second payroll data in a second data format from a second source. At least one of the first source and the second source includes an employer payroll computer system at an employer location. The received data is read and extracted by a utility program at the employer location. The method further includes conditioning the received payroll data into uniform format payroll data; filtering by at least one of the utility program and the server computer the payroll data to remove non-premium related data; applying by inclusion and exclusion rules from a rules engine to determine payroll data items to consider in calculating a payroll-based insurance premium; and calculating payroll-based insurance premiums. | 05-16-2013 |
| 20130132121 | Flexible varying premium option for critical illness insurance - Flexible, varying critical illness insurance premium schedules are determined. Input variables such as issue age, targeted present value and year-to-year premium relationship are supplied, as are some members of a set of process variables. A non-supplied process variable is calculated based on the input variables and the supplied process variables. A premium schedule based on the supplied variables and the calculated process variable is then determined, such that the premium schedule increases (or alternatively decreases) over time to at least one leveling point, at which premiums become level. | 05-23-2013 |
| 20130132122 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO EMPLOYER RETURN TO WORK PROGRAMS - A computer system for processing data related to return to work responsive to employee disability includes a return to work administration computer system, in communication via a network with user devices. The return to work administration computer system is configured to receive from the user devices, data related to employer return to work programs, including data indicative of designation of an individual employee to administer return to work programs, return to work policies, transitional job opportunities for employees to return to a workplace without resumption of full duties; access stored data indicative of business rules for comparing the received data related to employer return to work programs to benchmarks, and determine whether an employer has qualified for a benefit under a disability insurance policy issued to the employer. | 05-23-2013 |
| 20130132123 | Flexible Varying Premium Option for Long Term Care Insurance and Critical Illness Insurance - Flexible, varying long term care insurance programs are determined. Input variables such as issue age, targeted present value and year-to-year premium relationship are supplied, as are some members of a set of process variables. A non-supplied process variable is calculated based on the input variables and the supplied process variables. An insurance program based on the supplied variables and the calculated process variable is then determined, such that the premium schedule increases (or alternatively, decreases) over time to at least one leveling point, at which premiums become level. | 05-23-2013 |
| 20130132124 | SYSTEM FOR DELIVERING AND AGGREGATING BENEFICIARY VOTING TICKET HAVING FUNCTION FOR CONVERSION TO DEMERIT VOTE - Disclosed is a delivery and aggregation system for a charity beneficiary ballot which has a function for converting a vote to a demerit vote. The system is for polls for selecting charity beneficiaries which are carried out in conjunction with insurance policy for damage insurance or third field insurance, which includes medical insurance, cancer insurance and pet insurance. Votes which are/have been sent by an insured person who has caused an insurance accident, and are/have been sent in a specific period corresponding to each insurance accident covered by an individual policy, are converted to demerit votes, which is determined for each occurrence of an insurance accident. | 05-23-2013 |
| 20130132125 | SYSTEM AND METHOD FOR PROVIDING INSURANCE - A system and method for providing post-operative insurance in a surgical procedure involving implantation of a foreign material into a human body includes underwriting an insurance policy to cover an adverse event resulting from the procedure that may occur from a completion date of the procedure up to at least one year from the completion date of the procedure from a completion date of the procedure. The method further includes determining eligibility for enrollment of a patient undergoing the procedure and providing the insurance policy to the patient if the patient is eligible to enroll. Upon receiving a policy claim for the event, the claim is evaluated and insurance coverage is provided for the patient if the event is covered by the policy. | 05-23-2013 |
| 20130132126 | FINANCIAL INSURANCE PRODUCT FOR HYDROCARBON RESERVES - A method and system for calculating and insuring the residual value of hydrocarbon reserves (such as oil, natural gas, and gas liquids) as of a specified date or series of dates for a specific oil and natural gas well, field, or combination of fields and/or petroleum properties. Geological data, production data and other types of engineering data are combined with financial data, capital expenditure data and commodity price data as inputs into an insurance transaction analysis and pricing system resulting in the generation of an expected loss profile and insurance premium for providing the insured with a minimum residual value for the covered reserves. | 05-23-2013 |
| 20130132127 | Spatial Database System For Generation Of Weather Event And Risk Reports - The present invention is a tool including a spatial database and a data warehouse used to track portfolio sites that are affected by weather events, such as hurricanes, earthquakes, wildfires, hail, tornados, or manmade events. A spatial database provides rich spatial geometry features using earth longitude and latitude as a 2-D reference system in spatial system. A insurer portfolio site, which is defined by longitude and latitude data, includes portions that are represented as a point. A weather event is represented as polygon in the spatial database. Based on user configured threshold values, it may be determined when a point falls inside, or on a boundary, of a polygon to identify a site that is affected by that weather event and corresponding reports may be generated, including maps identifying the affected sites and total insured value calculations for the affected sites, in order to gauge risk. | 05-23-2013 |
| 20130138460 | SYSTEM AND METHOD FOR ADMINISTERING A TELEMATICS-ENABLED TEST DRIVE DEALER PROGRAM - Systems and methods are disclosed herein for pricing an insurance premium based on telematics data. The system includes a communications interface and a business logic processor in communications with the communications interface. The communications interface receives telematics data collected by a telematics acquisition device configured at a dealership for collecting telematics data of a vehicle sold by the dealership. The communications interface also receives vehicle data indicating the make and model of the vehicle sold and vehicle owner data related to the purchaser of the vehicle sold. The business logic processor determines an insurance quote for the purchaser based on the received telematics data, vehicle data, and vehicle owner data. The communications interface transmits the insurance quote for the purchaser of the vehicle. The business logic processor also manages a predetermined incentive that is provided to the purchaser in return for allowing the telematics data acquisition device to collect telematics data. | 05-30-2013 |
| 20130144655 | System and Method for Implementing Program Compliance for Health-Based Rewards - A compliance process provides the ability to identify members that have completed a required activity for a Health Incentive Program (HIP) by comparing standard data such as claims, pharmacy, laboratory, biometric, health risk assessment and other pertinent internal and external data (hereafter “source data”) against established compliance criteria for that type of data for the specific HIP. If the member meets all compliance criteria within the designated timeframe, the member's achievement is recorded, resulting in the appropriate reward being granted as defined by the HIP. The compliance process solution provides an automated way for a payer to evaluate internal and/or external data including claims, pharmacy and/or biometric data to identify instances of a member completing required activities. | 06-06-2013 |
| 20130144656 | SYSTEMS AND METHODS TO INTELLIGENTLY DETERMINE INSURANCE INFORMATION BASED ON IDENTIFIED BUSINESSES - According to some embodiments, historic transaction data and loss data may be received from a data storage device. Information about a potential business insurance customer may also be received and automatically analyzed to identify a set of related businesses. A coverage comparison engine may then determine insurance information for the potential business insurance customer based at least in part on historic transaction data and loss data associated with the set of related businesses. | 06-06-2013 |
| 20130144657 | INSURANCE TRACKING - Methods and systems for a complete vehicle ecosystem are provided. Specifically, systems that when taken alone, or together, provide an individual or group of individuals with an intuitive and comfortable vehicular environment. The present disclosure builds on integrating existing technology with new devices, methods, and systems to provide a complete vehicle ecosystem. | 06-06-2013 |
| 20130144658 | System and Method for Bundling of Homeowner Insurance and a Home Service Contract - A method for bundling homeowner insurance and a home service contract includes providing a homeowner insurance policy on at least one property owned by a homeowner, and determining at least one home service contract based upon the at least one property owned by the homeowner. The home service contract includes preventative maintenance on the property. The method also includes calculating an insurance premium savings for the home service contract(s), providing the homeowner with an opportunity to purchase at least one of the home service contracts, and bundling the homeowner insurance policy with the home service contract purchased by the homeowner. | 06-06-2013 |
| 20130144659 | SYSTEM AND METHOD FOR PROCESSING DATA RELATING TO INSURANCE CLAIM STABILITY INDICATOR - The invention relates generally to data analysis, and to systems and methods for the computation of the volatility of a loss. The system comprises a module for receiving a data parameter, a database for storing the parameter, a computerized predictive model, and a business logic processor for executing the predictive model. The volatility is used to, among other things, determine an appropriate work flow for handling the loss. | 06-06-2013 |
| 20130151287 | INSURANCE CLAIM PROCESSING USING CONTAINERIZED PROCESSING LOGIC - A system and method for processing insurance claims using a set of adjudication rules. The method and system comprises receiving a claim for processing, such that the received claim having claim content including a claim date. Also provided is a database configured for accessing the set of adjudication rules appropriate to the received claim, the set of adjudication rules structured in containers including a primary rule container and secondary rule containers, each of the secondary rule containers being coupled to the primary rule container by a respective container reference, each of the secondary rule containers containing one or more adjudication rules adapted for processing the claim content of the received claim, each of the one or more adjudication rules being coupled to their respective secondary container by a respective rule reference, the set of adjudication rules defining a rule hierarchy. | 06-13-2013 |
| 20130151288 | Methods Using a Mobile Device to Provide Data for Insurance Premiums to a Remote Computer - A method for providing vehicle operation data to a remote computer or server for calculation of a vehicle insurance premium for a period of time based at least in part on collected vehicle operation data, wherein the method includes steps of: collecting vehicle operation data via a mobile device while the mobile device is associated with an operating vehicle, wherein the vehicle operation data has insurance risk predictive power; and transmitting the collected vehicle operation data from the mobile device to a remote computer. The remote computer or server receives collected vehicle operation data, stores the collected vehicle operation data in a database, a determines a vehicle insurance premium via a rating engine based at least in part on collected vehicle operation data. | 06-13-2013 |
| 20130159023 | SYSTEM AND METHOD FOR EVIDENCE BASED DIFFERENTIAL ANALYSIS AND INCENTIVES BASED HEAL THCARE POLICY - An evidence based cost modeling and predictive analysis system, and an incentives based plan to reduce healthcare costs are disclosed. An analytics system may generate incremental expenditures among overweight and obese individuals, predictive forecasts of future medical costs, and predictive forecast of cost reduction based on financial incentives to recipients. The forecasts may include statistical trends, prevalence of diseases based on body mass index, and medical evidence associated with specific illnesses. A computer based program may process and analyze dependent and independent variables in electronically stored information (for example insurance, health and medical records). A health insurance provider may provide an annual rebate on paid premiums to recipients based on a qualifying annual BMI as an incentive. The recipients may receive the rebates in a qualified health reimbursement account (HRA) managed by the recipients towards future healthcare related expenditures. | 06-20-2013 |
| 20130159024 | Real-Time Insurance Estimate Based on Non-Personal Identifying Information - Methods and systems for providing estimated insurance quotes/premiums are described herein. After analyzing rate factors, a subset of rate factors are selected that yield a fairly accurate estimated insurance premium from a minimum amount of information easily obtainable from a user. The user inputs a value from a predetermined set of allowable inputs (value input filter). After receiving and analyzing the user inputs, the system generates one or more estimates and displays the one or more estimates to the user, e.g., via a web page. When multiple estimates are provided, the multiple estimates may differ based on the level of coverage, add-on features, or both. Readily known non-personal identifying information is preferably requested and used, thereby alleviating privacy concerns while still being able to provide an estimate to the user very quickly, e.g., under 30 seconds, once all the requested information is obtained. | 06-20-2013 |
| 20130159025 | METHOD AND SYSTEM FOR MANAGING APPEALS - A system and method for managing insurance claim denials. The system and method reviews a denial of claim from an insurer and a patient medical record received from a healthcare provider to determine if an appeal should be filed for the denial. It prepares an appeal to the denial comprising an appeals overturn letter and supporting document and submits the appeal to the insurer if it determines that an appeal should be filed. The system then tracks and monitors the progress of the appeal and process the appeal determination received from the insurer. The system utilizes these tracking and monitoring information to streamline and improve the insurance claim process of the healthcare provider, such as developing and implementing claim denial reduction program. | 06-20-2013 |
| 20130166324 | SYSTEM AND METHOD FOR A COMBINATION GROUP AND INDIVIDUAL TRAVEL INSURANCE PROGRAM - The present invention allows travel organizations to ensure that basic group, or “Core,” travel medical coverage is in effect for their travelers while allowing travelers the ability to upgrade the “Core” insurance if needed or desired. Thus, the organization need not purchase excess insurance, thereby reducing the organization's liability for their group purchase decision. Until now, combining group and individual travel medical insurance has been impossible. Individual travel medical insurance policies could be customized, but travelers covered by a group policy had to accept the coverage their organizations chose. The present invention allows travelers with different needs and tastes from around the world to customize group travel insurance coverage according to their needs and desires. By offering choice, the present invention reduces the likelihood that travelers can successfully claim later that insurance required under the group program was inadequate. | 06-27-2013 |
| 20130166325 | APPARATUSES, SYSTEMS AND METHODS FOR INSURANCE QUOTING - Apparatuses, systems and methods for insurance quoting are disclosed. One embodiment of the invention receives from a user one or more images related to a driver's license, which are generated by a portable electronic device. The method then extracts identification information from the received images, and generates an insurance quote based, at least in part, on the extracted identification information and presents the insurance quote to the user. The generated insurance quote may be a quote for an auto insurance, a home insurance, a flood insurance, a life insurance or the like. | 06-27-2013 |
| 20130166326 | SYSTEM AND METHOD FOR CHARACTERIZING DRIVER PERFORMANCE AND USE IN DETERMINING INSURANCE COVERAGE - A system and method for characterizing driver performance and using such characterization to determine a risk score and/or profile associated with a particular insured. In accordance with an embodiment, a driver can use a portable device equipped with a data collection and assessment environment, including one or more data collection devices and a data collection and assessment logic. The data collection and assessment environment can provide information to the driver about their driving performance, which the driver can then use to improve their driving skills. The information can also be used by the driver when obtaining liability insurance quotes. In accordance with an embodiment a framework (system) receives information about the driver's driving performance, and uses this information either to determine an insurance quote, or act as a broker/aggregator in inviting other insurance providers to offer an insurance quote. | 06-27-2013 |
| 20130166327 | SYSTEM AND METHOD HAVING A HIERARCHICAL MODEL WITH OVERRIDE CAPABILITY FOR GENERATING A FLEXIBLE INSURANCE PLAN - A system and method for implementing an insurance plan to coordinate an adjudication of a submitted claim corresponding to the plan. The plan includes a people model and a benefit model, such as hierarchical trees combined by a plurality of policies. The system and method comprise assigning a first predefined inheritance of global attributes to coupled elements of the people tree and assigning a second predefined inheritance of global attributes to coupled elements of the benefits tree. The system and method also assigning a local administration rule for at least one local attribute of the trees, the assignment between a selected people element of the people tree and a selected benefit element of the benefits tree. The local administration rule overrides the corresponding global attributes of the selected elements, such that resolution of the global attributes with the local attributes for the selected elements provides a rule set for adjudication of the submitted claim. | 06-27-2013 |
| 20130173310 | SYSTEM FOR FACILITATING LIFE SETTLEMENT TRANSACTIONS - A system and method for buying and selling life insurance policies includes an online database for storing information concerning in-force policies as needed for evaluation by a potential buyer. Owners of policies, either directly or through agents, who might be willing to sell their policies, register with the online website with critical financial and medical underwriting information relating to their policies, as needed for evaluation by a potential buyer. In the online database such information is organized and categorized as to parameters of various medical and financial information, to be reviewed online in an orderly manner by investors and potential buyers of policies. A membership preferably is required for a potential buyer to have access to the online information. In a preferred implementation of the system, an auction is held online to obtain essentially the best price for each policy. | 07-04-2013 |
| 20130173311 | Method for Determining Premiums for Representation and Warranty Insurance for Mortgage Loans - An insurance program for entities in the mortgage industry that provides coverage for financial loss as a result of material inaccuracies in the financial information provided by or on behalf of the borrower. The insurance program preferably includes the initial insurance application and establishment of an insurance agreement, periodic issuing of individual insurance coverages for particular loans handled by the lender, training and consulting on improved controls for lenders, maintaining an ineligible database of entities and a database of loan information, and handling of claims. The periodic issuing of individual insurance coverages includes receiving production information from the lender and determining the premium for the production information based at least in part on the insurance agreement. In at least one embodiment, the periodic issuing of individual insurance coverages includes scrubbing production information against databases as part of determining which loans on which to calculate the premium. The insurance program also includes a methodology for lender processing of new mortgage applications. | 07-04-2013 |
| 20130173312 | SYSTEM AND METHOD FOR FLEXIBLE TERM RIDERS FOR RISK MANAGEMENT PRODUCTS - The present disclosure comprises a method implemented on a program-controlled computer processor and a system for generating and processing life insurance policies with a whole life component and a term life component. In one embodiment, the system will provide a rider (or “flex term rider”) for whole life policies that allows the initial policy to be blended with term life insurance. The percentage of the term life coverage may vary; for example, 50% of the coverage can be term life insurance. The lower the percentage of term life in the product blend, the higher the premiums will be. | 07-04-2013 |
| 20130173313 | AUTOMATION OF AUDITING CLAIMS - Described are computer-based methods and apparatuses, including computer program products, for automation of auditing claims. A data file is received comprising one or more auditable items, each auditable item comprising a word string having one or more words. Each word string for each auditable item is translated using one or more translation steps into a translated item description. Each translated item description is compared to a plurality of terms to generate matching information. Each translated item description is associated with an item identifier based on the matching information. Each auditable item is accepted or rejected based on the item identifier and one or more rules associated with the data file. | 07-04-2013 |
| 20130179196 | SYSTEM AND METHOD FOR HEDGING RISKS WITHIN VARIABLE ANNUITY LIFE INSURANCE AND VARIABLE ANNUITY LIFE REINSURANCE PORTFOLIOS - A computer-based framework for assessing risks embedded within variable annuity portfolios and a structure for quantifying component risk elements, bifurcating such risks across one or more hedging counterparties and utilizing rating agency methodologies for achieving an implied financial strength rating of one or more entities within a transaction structure and/or issuer credit rating of risk-linked securities issued by the entities within the structure for risk mitigation purposes. | 07-11-2013 |
| 20130179197 | LARGE SCALE FACILITATION OF INCOME INSURANCE USING INDEPENDENT UNDERLYING INVESTMENTS - An independent investment platform receives a request from an investor to purchase an income insurance product offered by an insurance company. In response, the independent investment platform monitors an investment account for use with the income insurance product. The investment account is held by a custodian and the investment account is independent of the insurance company. | 07-11-2013 |
| 20130179198 | Methods to Determine a Vehicle Insurance Premium Based on Vehicle Operation Data Collected Via a Mobile Device - A method for determining a vehicle insurance premium for a period of time based at least in part on collected vehicle operation data, wherein a remote computer receives the collected vehicle operation data from a mobile device and calculates an insurance premium based at least in part on the collected vehicle operation data. A method for determining a vehicle insurance premium for a period of time based at least in part on collected vehicle operation data, wherein a server receives collected vehicle operation data, a database stores the collected vehicle operation data, and a rating engine determines a vehicle insurance premium based at least in part on collected vehicle operation data. | 07-11-2013 |
| 20130185100 | Method and System For Assessing Property Loss In A Catastrophe - The present invention provides for a method of assessing lost property after a catastrophe which would be covered under an insurance policy and overcomes the deficiencies of prior methods to provide an improved method for identifying property at the time of loss for both commercial and residential policies. A legal review provides a policy customized for the individual policy holder. Maintenance of a digitized detailed record of all items covered under the insurance policy is established and verified at the beginning of coverage or at a time point prior to a catastrophic event so that if a catastrophic event results in complete loss of covered property or property is destroyed beyond identification, 100% of the covered property is accurately and verifiably recorded for replacement/reimbursement purposes. | 07-18-2013 |
| 20130185101 | System, Method, and Computer Program Product for Underwriting Mortgage Loan Insurance - Underwriting systems and methods include a non-transitory, tangible computer-readable storage medium bearing instructions for performing underwriting steps for a mortgage insurance product for a mortgage between a borrower and a lender. A processor is adapted to execute an underwriting program contained on the computer-readable medium. A web-enabled interface is adapted to exchange information with partner sites, including to receive loan information, to send mortgage insurance information generated by the underwriting program, and to receive borrower credit information. The underwriting program includes a post-closing underwriting module adapted to perform a post-closing fraud analysis using the loan information received through the web-enabled interface and adapted for use in performing at least a portion of a post-closing borrower credit review using the borrower credit information received through the web-enabled interface within a predetermined period of time after the loan has closed and before a claim under the mortgage insurance product has been received. | 07-18-2013 |
| 20130191167 | INSURANCE PRODUCT - A method of determining an insurance coverage amount for an insurance plan holder having a health insurance plan using a tangible computer processor, as well as a related system and a non-transitory tangible computer readable storage medium, are provided. The method may include receiving a contribution payment amount from the insurance plan holder, the contribution payment amount including at least an investment payment portion and a premium payment portion, distributing, using the tangible computer processor, the investment payment portion and the premium payment portion between an investment account and a premium account, respectively, and determining, after the distributing, the insurance coverage amount based on an amount of funds present in the investment account and a coverage factor for a predetermined time period. | 07-25-2013 |
| 20130191168 | SYSTEM, METHOD, AND COMPUTER READABLE MEDIUM FOR COORDINATING INSURANCE APPLICANT INTERVIEWS - A system, method, and computer readable medium for enabling the receipt of data for an insurance application. More particularly, a mechanism enabled to configure an insurance application into a product questionnaire, to present the product questionnaire via an interface to enable an individual to input disclosure data obtained from an insurance applicant, and to provide the received disclosure data in an industry standard format. | 07-25-2013 |
| 20130191169 | METHOD OF FINANCING UNFUNDED LIABILITIES - A method is disclosed of financing the liabilities of sovereign governmental entities, their political subunits, and like entities (e.g., school boards, etc.), and private business entities through the use of insurance products. In one embodiment, the method may include: receiving a population data set, generating a plurality of mortality data sets, generating a financial target data set, transmitting the financial target data set to a plurality of life insurance vendors, receiving from each of at least two life insurance vendors a rate table, generating a proportional rating for each insurance vendor, generating a final rate table having a per member life insurance premium rate for each mortality data set. | 07-25-2013 |
| 20130191170 | KIOSK FOR PROVIDING INSURANCE SERVICES AND PRODUCTS - A public access kiosk that provides direct, real-time communication between customers and licensed insurance agents, customer service representatives, or other insurance company representatives or agents. Communication may be voice only, with or without an avatar, but also may comprise face-to-face video. The kiosk is connected to the Internet or other network, thereby providing voice, video, and other data to be transmitted in real time and providing around-the-clock, automated (semi or fully) self-service, with an option for a fully supported, face-to-face in-office agency experience. The kiosk may be used to provide insurance and other services, including but not limited to providing a “lightning quote” for insurance in five minutes or less, and in some variations, in 60 seconds or less. A “lightning quote” also may be provided through the Internet or a web site, or other means. | 07-25-2013 |
| 20130197945 | e-Sure Insurance Quick Verification System - System and method for providing instant access to information about a vehicles insurance coverage. The linking element physically located on the vehicle body which includes vehicle license plate, or can be installed on vehicle for the specific purpose of retrieving insurance information. Linking element can be, radio frequency identification (RFID) or barcode, or quick response code (QRC) affixed anywhere on vehicle. Authorized users immediately access and retrieve current vehicle insurance coverage from a plurality of information retrieval systems including portable and fixed scanning systems, smart phone or other portable devices based on the linking element. The RFID scanner or smart phone transmit information over a communication link to a database/fileserver containing the most current vehicle insurance information associated with vehicle's vehicle identification number. The RFID reader or smart phone then receives information from the database/fileserver on the specific VIN queried where it is reviewed by an authorized user. | 08-01-2013 |
| 20130197946 | MULTI PURPOSE DEVICE - Embodiments of the invention relate to systems and methods for provisioning and using a multi-purpose device. The device contains information regarding a plurality of memberships. The device contains one or more membership certificate chains, comprising multiple certificates, wherein a membership provider certificate is signed by a private key associated with a membership root certificate authority, and wherein a member certificate is signed by a private key associated with the membership provider certificate. The member certificate includes member attributes regarding the user, such as member benefit information. The device also includes a payment certificate chain, comprising multiple certificates, wherein a payment provider certificate is signed by a private key associated with a payment root certificate authority, and wherein a payment certificate is signed by a private key associated with the payment provider certificate. The payment certificate includes payment attributes regarding the user, such as a payment account. | 08-01-2013 |
| 20130197947 | METHOD AND SYSTEM FOR GRAPHICALLY DISPLAYING INSURANCE COVERAGE INFORMATION - Systems and methods for graphically displaying insurance coverage information are provided. The systems and methods include accessing insurance policy information about an insuree in a coverage database, determining, with reference to the insurance policy information, at least one type of coverage available to the insuree, identifying a graphical indicator associated with the at least one type of coverage available to the insuree, and displaying the graphical indicator. | 08-01-2013 |
| 20130204644 | GENERATING AND EDITING CLAIMS PROCESSING RULES - Systems, methods, apparatus, and computer program products are provided for processing claims. In various embodiments, claims can be processed and analyzed and used to generate new claims processing rules and/or edit existing claims processing rules. | 08-08-2013 |
| 20130204645 | MOBILE INSURANCE PLATFORM SYSTEM - A mobile insurance architecture includes a wireless communication interface that connects mobile client devices to wireless networks. An insurance server cluster that includes a group of independent network servers operates and appears to mobile client devices as if the group of independent network servers were a single computer server. An adaptive transmission controller communicates with the insurance server cluster and processes content in multiple mobile formats that may be optimized to the screen sizes of the mobile client devices. The insurance server cluster responds to native application clients resident to the mobile client devices. The native application clients contain code stored on a non-transitory media that render insurance quoting services, insurance claims services, on-line insurance policy services, usage based insurance services, mobile monitoring services, or insurance agency management services. | 08-08-2013 |
| 20130204646 | METHOD AND SYSTEM FOR FURNISHING AN ON-LINE QUOTE FOR AN INSURANCE PRODUCT - A method and system for furnishing an on-line quote for an insurance product makes use of computer hardware and software to provide a user with an on-line, real-time quote. The system allows the user to enter user information and presents and/or recommends a variety of options, including coverages, liabilities, and/or deductibles to help the user determine insurance coverage. Upon entering the user data and coverage information, a quote is displayed for the user. Credit information and/or other information for the user may optionally be used in determining the quote. | 08-08-2013 |
| 20130211859 | DEVICES AND METHODS FOR DISASTER-RELIEF SUPPORT - Methods and apparatus according to the invention are directed towards providing a client support in the wake of a disaster impacting a locale. Support may include transporting support-means to the locale, authenticating identification of the client, interfacing with an entity administering an account for the client, and facilitating access by the client to the account. The methods and apparatus may also provide support of non-account-related disaster-relief efforts associated with the locale. | 08-15-2013 |
| 20130211860 | METHOD AND APPARATUS TO FACILITATE DETERMINING INSURANCE POLICY ELEMENT AVAILABILITY - A computing platform ( | 08-15-2013 |
| 20130211861 | Methods for Grid-Based Insurance Rating - A method for rating insurance products using a programmed computer system having steps including receiving a coordinate pair comprising a longitude and a latitude of a location; determining a target coordinate grid block by truncating a decimal representation of the longitude and latitude of the location; querying a database for a first set of existing data associated with the target coordinate grid block, wherein the existing data was associated with the target coordinate grid block prior to receiving the coordinate pair; setting a ring counter to an initial value; determining a current ring of coordinate grid blocks grid adjacent to and surrounding the target grid block; querying the database for a second set of existing data associated with each coordinate grid block in the current ring of coordinate grid blocks; and calculating a pure premium based on constant values and an analysis of the data in the first set and the second set. | 08-15-2013 |
| 20130218603 | SYSTEMS AND METHODS FOR INSURANCE BASED UPON CHARACTERISTICS OF A COLLISION DETECTION SYSTEM - A property of an insurance policy may be determined, at least in part, upon characteristics of a vehicle collision detection system. The characteristics may pertain to any capability, configuration, and/or operating state of the collision detection system (and/or vehicle). For example, a property of the insurance policy may be based upon whether the collision detection system is configured to take automatic collision avoidance actions in response to detecting a potential collision and/or whether the automatic collision avoidance actions can be overridden by the operator of the vehicle. The property of the insurance policy may be dynamic, and may be updated in response to changes to the collision detection system and/or the real-time operating state thereof. The coverage of particular events may be based upon characteristics of the collision detection system and/or vehicle at the time the event occurred. | 08-22-2013 |
| 20130218604 | SYSTEMS AND METHODS FOR INSURANCE BASED UPON MONITORED CHARACTERISTICS OF A COLLISION DETECTION SYSTEM - A property of an insurance policy may be determined, at least in part, upon characteristics of a vehicle collision detection system. The characteristics may pertain to any capability, configuration, and/or operating state of the collision detection system (and/or vehicle). For example, a property of the insurance policy may be based upon whether the collision detection system is configured to take automatic collision avoidance actions in response to detecting a potential collision and/or whether the automatic collision avoidance actions can be overridden by the operator of the vehicle. The property of the insurance policy may be dynamic, and may be updated in response to changes to the collision detection system and/or the real-time operating state thereof. The coverage of particular events may be based upon characteristics of the collision detection system and/or vehicle at the time the event occurred. | 08-22-2013 |
| 20130218605 | Systems and methods for improved bond purchasing - A computer-implemented method and apparatus for processing and issuing bonds in a remote computer bond processing system. The method including the steps of, a user, via an on-line connected computer device, accesses the remote computer bond processing system for providing information relating to a bond purchase request. The user bond request is then validated in the remote computer bond processing system dependent upon he user inputted information relating to a bond purchase request. The requested bond is issued to the user, in real-time, contingent upon successful validation of said user bond request. The user may then immediately obtain and print an issued bond, via an on-line connected computer device. | 08-22-2013 |
| 20130218606 | SYSTEM, METHOD, AND COMPUTER-READABLE MEDIUM FOR DETERMINING AN INSURANCE RATING CLASS - A system, method, and non-transitory computer readable medium for enabling the evaluation of insurance application data. More particularly, the present disclosed subject matter pertains to a mechanism enabled to obtain application data regarding an individual seeking insurance, to evaluate the application data in regard to one or more product rules, and to assign a rating class for the individual accordingly. The individual is assigned the optimum rating class and this rating class is lowered, as necessary, based upon whether the application meets one or more of the product rule conditions. Additionally, the disclosed subject matter provides for a rule authoring interface which permits product rules to be created via natural-language input. | 08-22-2013 |
| 20130218607 | Computer Readable Medium Containing a Set of Computer Readable Instructions for Grid-Based Insurance Rating - A computer readable medium containing a set of computer readable instructions that when loaded into a computer configure that computer to: receive demographic data, fire station data, or other data associated with a location; receive a coordinate pair including a longitude and latitude of a location; determine a coordinate grid block bounded by latitude and longitude lines, which grid block is associated with the coordinate pair; query a database for a plurality of existing data associated with the coordinate grid block; and determine a rate based at least in part on the plurality of existing data and the demographic data, fire station data, or other data associated with a location. | 08-22-2013 |
| 20130226622 | Methods Using Speed Distribution Profiles - A method is disclosed of providing driver behaviour based insurance comprising accessing a digital map having data indicative of a plurality of navigable segments, wherein the digital map further comprises data representative of a speed distribution profile for one or more positions along at least one of the navigable segments, the speed distribution profile for a position being indicative of the speed of multiple drivers at the position. The data representative of a speed distribution profile is used to set a recommended speed for vehicles travelling along the at least one navigable segment. The speed of a subscriber driver is monitored when travelling along the at least one navigable segment to obtain data regarding the speed of the driver relative to the recommended speed for at least one of the one or more positions, and the relative speed data is used as an input to a model of a user based insurance system. | 08-29-2013 |
| 20130226623 | INSURANCE CLAIMS PROCESSING - Systems and methods for insurance claims processing in an insurance industry are described. The method comprises combining extracted claims data from one or more data sources to obtain a consolidated claims record and removing noise from text data of the consolidated claims record to obtain a claim dataset. The claims data comprises a plurality of claims. Further, ascertaining one or more suspicion indicators in the plurality of claims based on an analytical technique. Further, assigning a score to each of the plurality of claims based on at least one scoring rule. The score is an indicative of a level of suspicion of a claim. Furthermore, detecting at least one of insurance claims fraud and subrogation potential claims based on the score assigned to each of the plurality of claims. | 08-29-2013 |
| 20130226624 | SYSTEMS AND METHODS FOR COMPREHENSIVE INSURANCE LOSS MANAGEMENT AND LOSS MINIMIZATION - Embodiments of the present invention are generally related to a system and method for comprehensive management and minimization of insurance loss. In particular, insurance perils and insured assets are monitored, potential perils to insured assets are assessed, possible actions are determined, and selected actions are executed involving actors such as the policyholder, insurance agent, mitigation responder, and insurance appraiser. Particular embodiments address damage mitigation during peril and incident management after peril, to the policyholder and/or insured assets. Particular embodiments address the interaction between re-insurance companies and the aforementioned actors and/or insurance companies or cedants to integrate the information and resources of each respective party to provide more comprehensive and economically efficient loss mitigation. | 08-29-2013 |
| 20130226625 | Methods for Grid-Based Rating Insurance Products Using a Programmed Computer System - A method for rating insurance products using a programmed computer system comprising: receiving a coordinate pair comprising a longitude and a latitude of a location; determining a target coordinate grid block bounded by latitude and longitude lines, which grid block is associated with the coordinate pair; querying a database for a first set of existing data associated with the target coordinate grid block, wherein the existing data was associated with the target coordinate grid block prior to receiving the coordinate pair; querying a database for a second set of existing data associated with a regulator, which regulates insurance policies in a geographic area comprising the location; and calculating a pure premium based on constant values and an analysis of the data in the first set and the second set. | 08-29-2013 |
| 20130226626 | Insurance for a Safe Deposit Box - A system and method for insuring a safe deposit box is disclosed as is a technique for processing claims made against such safe deposit box insurance. According to a disclosed embodiment, a safe deposit box insurance policy insures content within a safe deposit box against an insurable event for a monetary amount and entitles the policyholder to receive the monetary amount in response to a proven claim that the insurable event has occurred without requiring an appraisal of any content stored in the safe deposit box, and wherein the safe deposit box insurance policy was obtained by the policyholder without the policyholder disclosing specific content for storage in the safe deposit box. Payments for claims against the safe deposit box insurance policy can also be made without requiring an appraisal of any content that may have been stored in the safe deposit box. | 08-29-2013 |
| 20130231962 | SYSTEM AND METHOD FOR FINANCIAL INTERACTIVE MANAGEMENT - Some embodiments hereby disclosed relate to a system for loan approvals for applicants in a supply chain, and a method to operate the same. Some embodiment hereby disclosed relate to a system for insurance approvals for applicants in a supply chain, and a method to operate the same. Some embodiments hereby disclosed relate to a system for supply chain management for applicants in a supply chain, and a method to operate the same. | 09-05-2013 |
| 20130231963 | METHOD OF MANAGING AN INSURANCE PLAN AND A SYSTEM THEREFOR - An insurance plan implemented by a computer system receives an insured person's selection of an insured event and an insured amount to be paid on the occurrence of the insured event. Information is also received pertaining to an ancillary insured event and an ancillary amount to be paid on the occurrence of the ancillary insured event. Software calculates an increase in the ancillary amount to be paid on the occurrence of the ancillary insured event, the increase based on a ratio of the ancillary amount to the first insured amount. A premium is calculated using the first insured amount and the ancillary amount, and not the increase in the ancillary amount. Payment is made to the insured person if a first insured event has occurred, and is the increased ancillary payment amount if an ancillary insured event has occurred. | 09-05-2013 |
| 20130231964 | LIFE INSURANCE PRODUCTS UNDER A SINGLE APPROVED FORM - A system and method for generating life insurance products under a single approved form. In one aspect, a system and method are provided for determining a premium schedule by selecting a death benefit; targeting a projected balance of an account associated with the product; designating at least one premium band; generating, in response to a deferral determination for at least one premium-based charge for at least one premium band, factors for allocating charges associated with the product; and calculating the premium schedule. In another aspect, a system and method are provided for determining a death benefit, and in another aspect, a system and method are provided for determining a projected balance of an account associated with a life insurance product. | 09-05-2013 |
| 20130238365 | ONLINE SYSTEM FOR TRAINING NOVICE DRIVERS AND RATING INSURANCE PRODUCTS - A system for determining vehicle driver hazard detection proficiency and calculating insurance discounts, wherein an Internet device presents a visual presentation of a continuous drive through a driving environment having driving hazards, an Internet device records locations viewed by a user within the visual presentation, a computer algorithm that compares the recorded user viewing locations with defined locations of hazards within the visual presentation of the continuous drive to determine a hazard detection proficiency, a computer memory device comprising at least one minimum hazard detection proficiency criteria corresponding to an insurance discount; and a computer analytics device that compares the determined hazard detection proficiency of the user with the minimum hazard detection proficiency criteria and determines whether to award the insurance discount to the user. | 09-12-2013 |
| 20130238366 | METHODS AND SYSTEMS RELATED TO ACTIVATING GEO-FENCE BOUNDARIES AND COLLECTING LOCATION DATA - Activating geo-fence boundaries and collecting location data. At least some of the illustrative embodiments are methods including: activating a geo-fence for a pre-determined area responsive to an event related to a vehicle; receiving Global Positioning System (GPS) signals indicative of a location of the vehicle, the receiving by an onboard device coupled to the vehicle; detecting that the vehicle has crossed the geo-fence; creating a data set comprising data regarding locations of the vehicle with respect to the geo-fence; determining a parameter associated with an existing insurance policy based on the data set. | 09-12-2013 |
| 20130238367 | Insurance Incentive Program for Promoting the Purchase or Release of an Automobile After an Expiration of a Lease - A lessee of an item, such as an automobile, is encouraged to either purchase the automobile at the expiration of the lease, or to initiate a new lease for the same item. If the lessee undertakes a purchase or a new lease, a manufacturer of the item, or another party, provides insurance covering the item. The methods disclosed herein may be performed over a computer network, such as the Internet. | 09-12-2013 |
| 20130238368 | Customizable Insurance System - An automated insurance quote system allows users to apply for one or more insurance quotes through a self-service communication channel. The system includes an interface that may receive applicant data from a remote location. A front-end processor selectively passes applicant data to a record keeping system retained in a memory. A controller or quote processors selects and transmits one or more insurance policies that are allowed under a user's governmental law and are tailored to the user's price and/or coverage preferences. The system conveys coverage details to users through the interface. | 09-12-2013 |
| 20130238369 | INSURANCE CLAIM ASSOCIATION METHOD AND APPARATUS - A computer-based insurance claim processing system ( | 09-12-2013 |
| 20130246101 | Real-Time Insurance Estimate Based on Non-Personal Identifying Information - Methods and systems for providing estimated insurance quotes/premiums are described herein. After analyzing rate factors, a subset of rate factors are selected that yield a fairly accurate estimated insurance premium from a minimum amount of information easily obtainable from a user. The user inputs a value from a predetermined set of allowable inputs (value input filter). After receiving and analyzing the user inputs, the system generates one or more estimates and displays the one or more estimates to the user, e.g., via a web page. When multiple estimates are provided, the multiple estimates may differ based on the level of coverage, add-on features, or both. Readily known non-personal identifying information is preferably requested and used, thereby alleviating privacy concerns while still being able to provide an estimate to the user very quickly, e.g., under 30 seconds, once all the requested information is obtained. | 09-19-2013 |
| 20130253956 | CHARGEBACK INSURANCE - Embodiments of the invention are directed to a chargeback insurance program offered through a payment processing network. The payment processing network is capable of processing chargeback requests on behalf of an enrolled merchant or enrolled issuer without requiring additional chargeback-related processes to be conducted by the merchant or issue. Chargebacks are processed by the payment processing network based on enrollment settings in the chargeback insurance program. | 09-26-2013 |
| 20130253957 | Method, Apparatus and System for Providing Insurance Coverage and Claims Payment for Single Event Surgical and Diagnostic Procedures - A method and system are provided for determining whether to issue insurance coverage for one or more specific events, such as a specific surgical event or diagnostic procedure. The method and system include consideration of a variety of risk criteria associated with the event or procedure, as well as policy coverage components. Preferably, old and new risk data is utilized to determine posterior possibilities for events associated with the event or procedure. Risk data is utilized to determine whether to issue policies, and to determined policy coverage where policies are to be issued, so as to minimize premiums to the insured and maximize profits to the company. | 09-26-2013 |
| 20130253958 | METHODS AND SYSTEMS FOR PROVIDING VEHICLE INSURANCE - According to certain embodiments of the present invention, a method is provided to determine (at a server) an initial first insurance rate for Provider A and a first insurance rate for Provider B. Both the initial first insurance rate for Provider A and the first insurance rate for Provider B correspond to a first insurance type. The initial first insurance rate for Provider A is adjusted A according to a first adjustment rule to form an adjusted first insurance rate for Provider A. A lower of the adjusted first insurance rate for Provider A or the first insurance rate for Provider B is selected. The adjusted first insurance rate for Provider A may be greater than the initial first insurance rate for Provider A and less than the first insurance rate for Provider B. An application fee for the adjusted first insurance rate for Provider A may be greater than an application fee for the initial first insurance rate for Provider A. | 09-26-2013 |
| 20130253959 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO GROUP INSURANCE FOR MULTIPLE RISKS - A computer system for processing of data associated with insurance coverage includes a data storage device storing data indicative of: an insured; a maximum benefit amount payable under the insurance coverage; a first category of risks; a second category of risks; a first benefit allocation corresponding to the first category of risks; and a second benefit allocation corresponding to the second category of risks; the benefit allocations being fractions of and totaling the maximum benefit amount. A processor of the system is configured to, responsive to the receipt of data indicative of a claim, determine eligibility for a benefit, and responsive to determining that the insured is eligible, provide output data indicative of a benefit amount, the benefit amount for each of the categories of risks having a maximum equal to the corresponding benefit allocation. | 09-26-2013 |
| 20130253960 | MANAGEMENT SYSTEM, METHOD AND DEVICE HAVING AN OUTPUT GENERATOR - A system is configured to store different categories of business data. The system is accessible by one or more electronic devices. The system is operable to feed business output data to the electronic devices. The business output data is importable into other systems. | 09-26-2013 |
| 20130253961 | SYSTEM AND METHOD FOR PROCESSING DATA RELATING TO COMPONENT-BASED INSURANCE COVERAGE - A system includes an insurance component selection platform that transmits data to and receives data from an insurance product component storage unit storing one or more self-descriptive components of an insurance coverage. Each of the stored components may have associated properties defining attributes of the component and one or more values associated with the properties. The components may be selected via a graphical interface generated by the component selection platform to be included in an insurance coverage product. The components may then be combined within constraints of the properties and values of the individual components. An insurance coverage policy may then be presented based on the combination of components. | 09-26-2013 |
| 20130253962 | Method and system of combining money transfer services with life insurance - The present invention is a new business method that intends to reduce the risk, help, and protect the economic security of the foreign families who are dependents from the income that come from the foreign workers inside the U.S.A. territory. The invention helps by offering protection through a life insurance by combining the Money Transmission Service and the Life Insurance Service. The invention cares for both the worker residing inside the U.S.A. territory and the family members inside foreign territory. | 09-26-2013 |
| 20130262148 | DATA-DRIVEN CONCEPTS FOR PROCESSING CLAIMS - Systems, methods, apparatus, and computer program products are provided for processing claims. In various embodiments, claims can be processed in accordance with a data-driven approach that limits changes to existing claims processing rules. | 10-03-2013 |
| 20130262149 | DATA-DRIVEN CONCEPTS FOR PROCESSING CLAIMS - Systems, methods, apparatus, and computer program products are provided for processing claims. In various embodiments, claims can be processed in accordance with a data-driven approach that limits changes to existing claims processing rules. | 10-03-2013 |
| 20130262150 | DATA-DRIVEN CONCEPTS FOR PROCESSING CLAIMS - Systems, methods, apparatus, and computer program products are provided for processing claims. In various embodiments, claims can be processed in accordance with a data-driven approach that limits changes to existing claims processing rules. | 10-03-2013 |
| 20130262151 | COMPUTER PROGRAM, SYSTEM, AND METHOD FOR MAPPING SOCIAL SECURITY CLAIMING STRATEGIES - A non-transitory computer readable medium having a computer program stored thereon for directing operation of a processor. The computer program receives personal and financial data for a couple; accesses data for a plurality of Social Security claiming strategies for the couple based on the personal and financial data; and illustrates on a graphical display which of the Social Security claiming strategies would provide the maximum present value of benefits for multiple mortality combinations of the couple so that the couple or an advisor for the couple can quickly ascertain which claiming strategy would provide the maximum benefits for a particular mortality combination. | 10-03-2013 |
| 20130262152 | SYSTEMS AND METHODS FOR CERTIFIED LOCATION DATA COLLECTION, MANAGEMENT, AND UTILIZATION - Location information may be gathered, managed, stored, and/or otherwise utilized to determine unique geo-referenced locations. The geo-referenced locations may be utilized to inform various processes and decisions such as insurance underwriting, risk assessment, pricing, and risk/loss control. | 10-03-2013 |
| 20130262153 | SYSTEMS AND METHODS FOR CERTIFIED LOCATION DATA COLLECTION, MANAGEMENT, AND UTILIZATION - Location information may be gathered, managed, stored, and/or otherwise utilized to determine unique geo-referenced locations. The geo-referenced locations may be utilized to inform various processes and decisions such as insurance underwriting, risk assessment, pricing, and risk/loss control. | 10-03-2013 |
| 20130262154 | Proactive Matching for Coordination of Benefits - Proactive resolution of coordination of benefits (COB) issues is provided. Payer data is received as membership files from a plurality of payers, the payer data including eligibility and member demographic data. Upon detection of new or modified information, a normalizing engine may be utilized to normalize name information, address information, and social security number information into a format for comparing with other stored payer data according to various rules. A matching engine may be utilized to compare the normalized payer data against other insurance provider data to determine COB instances by discovering matches or partial-matches of member information. A set of rules may be applied to determine a primary versus a secondary payer. An output file, which may comprise matches and COB determinations, raw data, and a web interface for accessing archived reports and files and to generate individual member searches, may be provided to one or more payers. | 10-03-2013 |
| 20130262155 | SYSTEM AND METHOD FOR COLLECTION AND DISTIBUTION OF MEDICAL INFORMATION - A system for decentralized collection and distribution of medical information through mobile devices. End users interact with the system through a software application installed on a mobile device. Data entered to the application is synced to a server that backs up the data and serves to populate a database of personal health data for analysis. Results of such analyses create value through medical management and informational intervention strategies tailored to meet evidence-based needs and preferences. Based on the analyses, end users and clinicians have the ability to visualize dynamics in health metrics relative to thresholds and to assess the efficacy of therapies and trends in vital signs/labs/vital functions. Functionalities of the system include the ability to populate medical records of end users, inform the full range of medical decision-making opportunities without the need for further examination, maintain adherence to existing evidence-based guidelines, and support the development of new clinical knowledge. | 10-03-2013 |
| 20130262156 | AUTOMATED REIMBURSEMENT INTERACTIONS - A computerized reimbursement system including at least one reimbursement-enabled mobile communicator having computerized memory functionality, computerized communications functionality and wireless payment functionality and at least one reimbursement-enabled computer server having computerized memory functionality and computerized communications functionality, at least one of the at least one reimbursement-enabled mobile communicator and the at least one reimbursement-enabled computer server storing reimbursement policy parameters which are selectable by a reimbursing party using the system, the reimbursement policy parameters including at least payee location and transaction amount, at least one of the at least one mobile communicator and the at least one computer server being operative to automatically complete payment transactions which are compliant with the reimbursement policy parameters and to automatically reject payment transactions which are not compliant with the reimbursement policy parameters. | 10-03-2013 |
| 20130262157 | SYSTEM AND METHOD FOR PROCESSING PAYROLL-RELATED INSURANCE DATA - A computer system accesses payroll-related insurance premium data at an individual employee level and provides the data at the individual employee level, including cost of insurance at the individual employee level, on a client device. A computer system compares stored data with payroll data and identifies employees lacking occupation classification information for payroll-based premium determination. The computer system provides a fillable form on a user device for the user to provide occupation classification data, and receives the occupation classification data. The computer system provides fillable forms on a user device for a user to provide payroll data for receipt by the system, runs business rules on the received payroll data, determines premiums for payroll-based insurance coverage. | 10-03-2013 |
| 20130268298 | VIN BASED INSURANCE CLAIM SYSTEM - An insurance claim system that can display vehicle identification key information and vehicle option, package, engine, transmission, paint, production date information provided from multiple different sources. The system can perform a method that includes displaying at least one insurance claim with at least one vehicle description, a plurality of vehicle options, and a VIN field. A VIN is entered into the VIN field, which is decoded to determine vehicle information and vehicle option information. One or more vehicle options displayed by the client computer are selected with the vehicle option information, and the selected vehicle options are modified with supplemental vehicle options information provided by an OEM source. Modifying the vehicle options with the information provided by the OEM source improves the accuracy of the options information selected on the insurance claim page. | 10-10-2013 |
| 20130268299 | ASSISTED REPRODUCTIVE TECHNOLOGY INSURANCE - A computerized method is used for generating financial plans for the cost of infertility treatment. Further, the financial plans contemplate reimbursement for of the cost of unsuccessful infertility treatments. | 10-10-2013 |
| 20130268300 | METHOD AND SYSTEM OF DETERMINING AND APPLYING INSURANCE PROFIT SCORES - Preferred embodiments of the invention include a new and innovative method and system of determining a profit score for an individual policy, which score may be used to evaluate the desirability of offering or renewing individual insurance policies. The present invention also may be applied to determine the profitability of aggregate books of business, which may be offered by individual insurance agents or agencies, whether captive or independent. | 10-10-2013 |
| 20130268301 | SYSTEM AND METHOD FOR PROVIDING INSURANCE COVERAGE RECOMMENDATIONS - A dynamic computer system assists users in selecting insurance coverage types and levels appropriate for their present financial circumstances. The computer system includes a graphical user interface (GUI) representative of a user's financial data and coverage recommendations. The system may further access third party data to validate and enrich coverage determinations. | 10-10-2013 |
| 20130282406 | APPARATUS, METHOD AND ARTICLE TO AUTOMATE AND MANAGE ELECTRONIC DOCUMENTS IN A NETWORKED ENVIRONMENT - Systems and methods automate and manage electronic communications in the insurance industry, particularly between agents/brokers and insurance companies/insurers. Such include a collaboration environment to collaborate on electronic documents and messages. A user interface may selectively present changes to electronic documents (e.g., forms) to underwriters based on a number of criteria. Criteria may include a status of a job (e.g., proposal for a policy) for the respective underwriter. Changes to proposed policy terms, conditions and forms may be eliminated for underwriters who have either declined to underwrite the policy or have already been bound for the policy. Underwriters conveniently have access to correspondence and electronic documents on a policy-by-policy or consumer-by-consumer basis. | 10-24-2013 |
| 20130282407 | APPARATUS, METHOD AND ARTICLE TO AUTOMATE AND MANAGE COMMUNICATIONS IN A NETWORKED ENVIRONMENT - Systems and methods automate and manage electronic communications in the insurance industry, particularly between agents/brokers and insurance companies/insurers. Logical relationships are defined, allowing multi-casting of electronic messages and/or documents to appropriate entities (e.g., underwriters of an insurer). Such may be targeted to all or some portion of underwriters with which an agent or broker has an existing relationship. Such may be targeted based on lines of business. Underwriters conveniently have access to correspondence from multiple agencies or brokerages via a single set of login credentials and common or unified user interface without regarding to agency or brokerage. | 10-24-2013 |
| 20130282408 | APPARATUS, METHOD AND ARTICLE TO AUTOMATE AND MANAGE COMMUNICATIONS TO MULTIPLE ENTITIES IN A NETWORKED ENVIRONMENT - Systems and methods automate and manage electronic communications to multiple entities in the insurance industry, particularly between agents/brokers and insurance companies/insurers. Logical relationships are defined, allowing multi-casting of electronic messages and/or documents to appropriate entities (e.g., underwriters of an insurer). Such may be targeted to all or some portion of underwriters with which an agent or broker has an existing relationship. Such may be targeted based on lines of business. Where the message is a request for policy pricing, the correspondence may set out certain details of the policy and may attach one or more electronic documents related to the same request. Correspondence including the same request for policy pricing may automatically be sent out to each of the selected insurers or underwriters by the agent selecting an icon or button. | 10-24-2013 |
| 20130282409 | Systems and methods for patent portfolio management - Systems and methods for patent portfolio management are proposed. In one example embodiment, a system or method includes maintaining or accessing a database including data relating to patent maintenance fees and due dates. An interactive interface is presented to a user, the interface including a display of a maintenance fee and a due date for at least one patent in the database. The interactive interface allows a user to request a maintenance-fee cost projection for a selected group or portfolio of patents in the database. A notification selection element allows a user to request notification of maintenance fee payments coming due. | 10-24-2013 |
| 20130282410 | HAZARD RISK ASSESSMENT - A method and apparatus prompt for input of and receiving hazards of a workplace, prompt for input of an receiving an exposure frequency value for each received hazard, prompt for input of an receiving an outcome severity value for each received hazard, and prompt for input of an receiving an occurrence probability value for each identified hazard. A risk-based score for each identified hazard is determined based on the exposure frequency value, the outcome severity value and the occurrence probability value of each of the identified hazards of the workplace. | 10-24-2013 |
| 20130282411 | METHOD AND APPARATUS FOR PROVIDING RETIREMENT INCOME BENEFITS - A computerized method and system for administering an unannuitized annuity plan having a guaranteed minimum withdrawal payment feature associated with a systematic withdrawal program includes the steps of and system for storing data, determining an amount of a maximum guaranteed withdrawal payment for a prescribed period (e.g., one year), periodically determining the account value, monitoring for an unscheduled withdrawal made under the plan and adjusting the amount of the maximum guaranteed withdrawal payment in response to the unscheduled withdrawal. Guaranteed withdrawal payments are periodically made to the account owner so long as withdrawals do not exceed the maximum guaranteed amount for the period, or the account value is greater than the payment. | 10-24-2013 |
| 20130290033 | SYSTEMS AND METHODS FOR ELECTRONIC RECEIPT BASED CONTENTS INVENTORY AND CASUALTY CLAIM PROCESSING - A method for investigating a casualty claim using a programmed computer system may include receiving a prompt to create a contents inventory, the prompt including an identification of one or more email accounts associated with an insured, analyzing the one or more email accounts for information related to the acquisition of personal property, and using the information related to the acquisition of personal property to generate a contents inventory for investigation of the casualty claim. | 10-31-2013 |
| 20130290034 | SYSTEM AND METHOD FOR PROVIDING AND ACTIVATING COMMODITIZED INSURANCE - A system and method for providing commoditized insurance products to at least one consumer is disclosed. The system includes a commoditized insurance product including an activation code and an insurance company that underwrites the commoditized insurance product and provides the commoditized insurance product to a retail outlet. Based on consumer purchase of the commoditized product at the retail outlet and initiation of an activation process, the insurance company receives an activation code associated with the commoditized insurance product and provides verification queries to the consumer, and based on positive responses to the queries activates the policy providing the selected insurance coverage for the consumer. | 10-31-2013 |
| 20130290035 | INSURANCE PRODUCT, RATING AND CREDIT ENHANCEMENT SYSTEM AND METHOD FOR INSURING PROJECT SAVINGS - In the present invention, an insurance product, rating system and method generally relates to a rating and pricing system for quantifying the risk that the annual savings will not fall below specified levels associated with implementing and maintaining economic improvements. Disclosed embodiments involve a credit enhancement system and method relating to the manner in which insuring a project savings floor (i.e., a minimum level of return on investment for a given improvement project) can be realized in a better credit rating for bonds or loans associated with the improvement project. The product, system and method can be applied to various industries, including, power generation, petro-chemical, manufacturing and refining facilities. Various embodiments disclosed herein relate to a system and method for establishing a rating system to determine the impact on an insured's credit risk. | 10-31-2013 |
| 20130290036 | SYSTEMS AND METHODS FOR OBTAINING INSURANCE OFFERS USING MOBILE IMAGE CAPTURE - Systems and methods for using a mobile device to submit an application for an insurance policy using images of documents captured by the mobile device are provided herein. The information is then used by an insurance company to generate a quote which is then displayed to the user on the mobile device. A user captures images of one or more documents containing information needed to complete an insurance application, after which the information on the documents is extracted and sent to the insurance company where a quote for the insurance policy can be developed. The quote can then be transmitted back to the user. Applications on the mobile device are configured to capture images of the documents needed for an insurance application, such as a driver's license, insurance information card or a vehicle identification number (VIN). The images are then processed to extract the information needed for the insurance application. | 10-31-2013 |
| 20130290037 | SYSTEM AND METHOD FOR CALCULATING ESTIMATED CLAIM COSTS - A computer system includes a data storage device. The data storage module receives, stores, and provides access to historical claim data. A categorical aggregation component comprising program instructions stored in a program memory provides categorized and aggregated historical claim data by identifying claim categories based on the historical claim data, each of the one or more claim categories associated with a respective set of claim characteristics, identifying claims of the historical claim data associated with one of the claim categories, assigning each identified claim to one of a plurality of total severity ranges based on the total severity of the identified claim, and determining an average cost per claim year for claims of each total severity range when executed by a computer processor. | 10-31-2013 |
| 20130290038 | SYSTEMS AND METHODS FOR FACILITATING THE REPORTING OF AN INJURY CLAIM TO AN INSURANCE COMPANY - In accordance with one or more embodiments, an apparatus for facilitating insurance claims provides for receiving a medical report from a treating physician, the medical report indicating an evaluation of an injury of an injured worker; determining whether a report of a claim for the injury has previously been received from a medical liaison; and authorizing, prior to a report of the claim by either an employer of the injured worker or the injured worker when a report of the claim has previously been received from the medical liaison, a progression of an investigation of the claim by a claim professional based on the medical report. | 10-31-2013 |
| 20130290039 | SYSTEM AND METHOD FOR MANAGING INSURANCE ACCOUNTS IN RESPONSE TO LEAVE DATA - A computer system includes a data storage device including a database containing data for insurance policies covering individuals, a communication device to exchange data with an employer's computer system, and a processor in communication with the data storage device and communication device. A non-transitory storage medium stores program instructions operative with the processor to receive an eligibility data file including data for individuals covered by personal insurance; transmit to the employer computer system a bill file including payroll deductions data for the insurance premiums; receive from the employer computer system a remit file including actual payroll deductions made data and individual leave status data; determine which individuals are on leave based on a verification of an insurance payment; adjust and store data indicative of the premiums associated with individuals determined on leave; and transmit to the employer a payroll deduction modification request for individuals determined to be on the leave. | 10-31-2013 |
| 20130297351 | VIRTUAL PROFESSIONALS COMMUNITY FOR CONDUCTING VIRTUAL CONSULTATIONS WITH SUGGESTED PROFESSIONALS - Systems and methods for providing a virtual professionals community for conducting virtual consultations with suggested professionals includes receiving, at an electronic device, a request for data associated with a professional. A list of professionals can be transmitted to a client in response to the request. The client can select one of the professionals from the list of professionals. At a scheduled time for a virtual consultation, an appointment interface can be established between the client and professional. Prior to the virtual consultation, including immediately before the virtual consultation, a notification can be transmitted to the professional. The notification can include access to the appointment interface, and a selectable option corresponding to a professional insurance coverage for the virtual appointment. The professional insurance coverage can be based at least in part on the request and can have a coverage period corresponding to a duration of the virtual consultation. | 11-07-2013 |
| 20130297352 | MOBILE APPLICATION FOR AUTOMOBILE SERVICES - An application for mobile devices presents a number of user interface screens that include information received from a server computer. The user interface screens include icons or controls that allow a user to interact with a sales or service department of a selected dealer, schedule service appointments, edit, store and recall warranty and insurance information. In addition, a user interface screen allows the user to capture information regarding an accident and to forward the information to a user's insurance carrier. | 11-07-2013 |
| 20130297353 | SYSTEMS AND METHODS FOR FILING INSURANCE CLAIMS USING MOBILE IMAGING - An application on a mobile device provides for the initiation and submission of an insurance claim by capturing information and images of documents using an image capture capability, then processing the images to extract content which is transmitted to an insurance company for processing of the claim. Documents such as an automobile insurance card (AIC), driver's license, vehicle identification number (VIN), license plate, police report, damage estimate and repair invoice may all be captured and processed by image processing techniques on the mobile device or an image processing unit in order to extract relevant content. Other features and capabilities of the mobile device—such as video and image capture, location-based services, accelerometers and tracking—may automatically populate relevant fields of a claim report and permit the user to upload photographic and video evidence of an accident and related damage. | 11-07-2013 |
| 20130297354 | GUI FOR RISK PROFILES - A memory device stores machine-readable instructions executable by a processor to cause the processor to graphically depict on a display device a first category of risk analysis data related to a plurality of insurance claims. The processor also causes the display to graphically depict a relationship between a first analysis result and a first benchmark value corresponding to the first analysis result, and graphically depict one or more user controls for selecting a second category of risk analysis data. | 11-07-2013 |
| 20130297355 | SYSTEM AND METHOD OF HEALTHCARE ADMINISTRATION FOR A GERIATRIC POPULATION - A method of establishing a referral network for the enrollment of individuals in a geriatric healthcare insurance plan comprising identifying an age-eligible population; developing and implementing recruiting strategies to establish a relationship with the age-eligible population; and generating potential members from the age-eligible population for enrollment in a geriatric healthcare insurance plan as senior class members; and engaging senior class members to become ambassadors that represent the geriatric healthcare insurance plan to other potential members. Retention strategies such as a points program and a referral resource network are provided to retain senior class members. The referral resource network is a network of senior class members that are available to offer services to other senior class members, including valuable special skills or knowledge or necessary services. The referral resource network may be accessible to senior class members through a global electronic network, such as the Internet. | 11-07-2013 |
| 20130297356 | System and Method for Processing Requests for Insurance Proposals - A computer system for receiving and evaluating requests for quotes for insurance services includes a processor; and a memory storage device in communication with the processor. The processor is adapted to: receive via a communications interface data including a request for a quote to provide insurance services with respect to a first risk; verify and augment the received data with respect to one or more sources of data; determine based on the verified and augmented received data whether a quote will be provided with respect to the first risk; and provide an output signal including the received data and at least a portion of the augmented data to a third party server. | 11-07-2013 |
| 20130304513 | SYSTEMS AND METHODS FOR INSURANCE BASED ON MONITORED CHARACTERISTICS OF AN AUTONOMOUS DRIVE MODE SELECTION SYSTEM - A property of an insurance policy may be determined, at least in part, upon characteristics of a vehicle autonomous drive mode selection system. The characteristics may pertain to any capability, configuration, and/or operating state of the autonomous drive mode selection system (and/or vehicle). For example, a property of the insurance policy may be based upon whether the autonomous drive mode selection system is enabled or disabled. In some embodiments, the property of the insurance policy may be based upon which of one or more autonomous driving modes is selected via an autonomous drive mode selection system. The property of the insurance policy may be dynamic, and may be updated in response to changes to the autonomous drive mode selection system. | 11-14-2013 |
| 20130304514 | SYSTEMS AND METHODS FOR INSURANCE BASED ON MONITORED CHARACTERISTICS OF AN AUTONOMOUS DRIVE MODE SELECTION SYSTEM - A property of an insurance policy may be determined, at least in part, upon characteristics of a vehicle autonomous drive mode selection system. The characteristics may pertain to any capability, configuration, and/or operating state of the autonomous drive mode selection system (and/or vehicle). For example, a property of the insurance policy may be based upon whether the autonomous drive mode selection system is enabled or disabled. In some embodiments, the property of the insurance policy may be based upon which of one or more autonomous driving modes is selected via an autonomous drive mode selection system. The property of the insurance policy may be dynamic, and may be updated in response to changes to the autonomous drive mode selection system. | 11-14-2013 |
| 20130304515 | SYSTEM AND METHOD FOR COMPUTING AND SORTING TRIP SIMILARITIES USING GEO-SPATIAL INFORMATION - Systems and methods are disclosed herein for pricing an insurance premium based on a vehicle trip similarity score. The system includes a computer memory and a processor in communication with the computer memory. The computer memory stores telematics data received from a sensor within a vehicle. The telematics data includes at least one of geo-position information of the vehicle and vehicle kinematics data. The processor is configured to compute a similarities score based on the telematics data. The processor is also configured to determine a price, price adjustment, or any other benefit for automobile insurance based on the similarities score. | 11-14-2013 |
| 20130304516 | SYSTEM AND METHOD FOR VALIDATING AUDIT DATA RELATED TO THE PERFORMANCE OF INSURANCE RELATED TASKS - Disclosed herein are computer-implemented methods, computing systems, and related technologies that may be used for the verification of self-audits that are performed by a third-party service provider for an insurance company. Periodically, the service provider performs a self-audit, providing audit information to the insurance company that indicates whether the service provider has been meeting required service levels. An auditing application may be used to analyze the audit information provided by the service provider, and to determine whether the service provider's self-audit was accurate. Further, the auditing application provides functionality for determining what portions of the provided audit data have been validated, and for searching and displaying the audit and validation information. | 11-14-2013 |
| 20130304517 | SYSTEM AND METHOD TO SCREEN INSURANCE CLAIMS TO IDENTIFY SUBROGATION POTENTIAL - Systems and methods are disclosed herein for screening insurance claims to identify subrogation potential. According to some embodiments, a loss report associated with a plurality of insurance claims, includes, for each insurance claim: (i) a claim identifier, (ii) a claim date, (iii) a claim loss amount, and (iv) a claim description. Data from the loss report may be loaded into a subrogation engine, such as by loading the data into cells of a spreadsheet application. The spreadsheet application may then automatically calculate a subrogation potential score for each insurance claim in the loss report based on the claim date, claim loss amount, claim description, and a library containing keywords and associated keyword values. The spreadsheet application may then output an indication of the claim identifier and associated subrogation potential score for each insurance claim in the loss report. | 11-14-2013 |
| 20130304518 | METHODS AND SYSTEMS FOR APPRAISING AN OBJECT - An appraisal system includes a network device, a processor coupled to the network device, and a memory device coupled to the processor. The memory device includes a plurality of computer-executable instructions that program the processor to establish a connection with a computing device using the network device, receive an identifier of an insurer from the computing device, and present an appraisal template to a user through the computing device. The appraisal template is customized to the insurer based on the identifier, and the appraisal template includes a plurality of appraisal fields for use in appraising an object. The processor is further programmed to receive data within the appraisal fields and generate an appraisal submission based on the data received. | 11-14-2013 |
| 20130304519 | System and Method for Estimating Loss Propensity of an Insured Vehicle and Providing Driving Information - A system and method for estimating loss propensity of a vehicle and providing driving information are provided. A loss propensity estimation server receives information from a telematics device installed in a vehicle, determines at least one loss cost area through which vehicle has traveled, and calculates a numeric loss cost factor based upon the at least one loss cost area relative to the amount of risk indicated by the vehicle's garaging loss cost. The numeric loss cost factor can be transmitted to an insurer for subsequent use by the insurer in underwriting or pricing a future insurance policy. A driving information database in the loss propensity estimation server stores driving information obtained from the telematics device installed in the vehicle, which can subsequently be transmitted to an insurer. | 11-14-2013 |
| 20130304520 | METHOD FOR ACTIVATING AN INSURANCE POLICY ONLINE AND DEVICE FOR CARRYING OUT SAID METHOD - A method for the computer-assisted activation of an insurance certificate for vehicles on a homepage is described, in which the policyholder himself is authorized to access a clearing system of the insurance, in order to the able to prepare an electronic insurance certificate and send it electronically directly to the permitting authorities, after which the policyholder is automatically requested to retrieve the license plates and the vehicle registration document at the permitting authorities. With this method, a policy of other insurances can also be electronically transacted, including the electronic payment and the electronic preparation of the policy and the electronic automated claim regulation. | 11-14-2013 |
| 20130311207 | Medical Record Processing - Systems, apparatus, and methods for medical record processing are provided. Medical record processing may be implemented by performing data-point analysis on a medical file to generate a data-point file. The data-point file is automatically coded to generate a coded file. The medical file may be preprocessed prior to performing data-point analysis, and non-relevant information may be removed from the medical file. Data-point analysis may be performed based on a predefined data-point specification. | 11-21-2013 |
| 20130311208 | PRODUCTS AND PROCESSES FOR MANAGING LIFE INSTRUMENTS - Product and processes that comprise receiving a query for a settlement contract that is available for sale. The query is based on at least one field. The settlement contract comprises a sale of a policyholder's death benefit in a life insurance policy in exchange for money. A first settlement contract that comprises information matching the at least one queried field is retrieved. A plurality of potential purchasers received communication that the first settlement contract is available for purchase. During a pre-determined period of time, a plurality of bids for the first settlement contract is received. Each of the plurality of bids comprises a bid price. It is determined that a first bidder has submitted a best bid price for the settlement contract. The first bidder and the policyholder are notified of an agreement to sell the first settlement contract at the best bid price. | 11-21-2013 |
| 20130311209 | TELEMATICS SMART PINGING SYSTEMS AND METHODS - Monitoring systems and methods are configured to determine a pattern of vehicle usage or to verify personal data about a vehicle insurance applicant, without unreasonable expense to an insurance provider or the applicant. A monitoring system can track movements of a handheld mobile communication device, and can include a personal data unit, a communication unit, and an analysis unit. The personal data unit can receive personal data about the insurance applicant, including an identifier of a mobile communication device used by the insurance applicant. The communication unit can receive location data describing various locations of the mobile communication device. | 11-21-2013 |
| 20130311210 | Computer System and Method for Processing of Data Related to Insurance Quoting - This invention relates generally to a computer system and method for integrating insurance policy underwriting. In one aspect it integrates the older legacy insurance policy generating systems to on line systems where users access the system through browsers. The computer system to perform the process of underwriting, rating, quoting, binding, and booking an insurance policy includes browsers, data bases, processors and a dispatcher that parses the information to select an insurance process. Suitable software programs review messages received from users to determine if certain messages are less than a prescribed limit. If a message is greater than the limit, then the message is parsed into a header information and one or more data fields whereby the header information is provided to a legacy processor and to policy generation software for further creation of policy related information and documentation. | 11-21-2013 |
| 20130317860 | SYSTEM AND METHOD FOR RENDERING DYNAMIC INSURANCE QUOTE INTERFACE - An insurance quotation management system for administering and managing insurance quotations through a graphical user interface. The system is configured to interface with third party data to provide insurance quotations based on input from a predictive model and data which may include social network information. The user interface permits the user to provide all inputs required to complete an application for insurance without the use of keyboard based input to provide a simplified user experience through a smart phone or other touch screen device. | 11-28-2013 |
| 20130317861 | System And Method For Real-Time Accident Documentation And Claim Submission - An insurance claim processing application that facilitates efficient and convenient processing of an insurance claim using a mobile device. The claim processing application can receive text, image, and audio data associated with the insurance claim. Using the received data, a model of the user's vehicle and the scene of the accident are generated and displayed on the user's mobile device. Damaged portions of the user's vehicle can be identified automatically or by the user. Damage can be tagged using the mobile device and additional data can be provided by the user and associated with each tag. The claim processing application can be used to provide a preliminary claim assessment, submit a completed insurance claim application to an insurance provider, and/or process the insurance claim. | 11-28-2013 |
| 20130317862 | SYSTEM AND METHOD TO PREDICT AN INSURANCE POLICY BENEFIT ASSOCIATED WITH TELEMATICS DATA - A system and method are disclosed herein to predict an insurance benefit, such as a discount, associated with telematics data. The system includes a processor configured to determine demographic information associated with a driver of a vehicle. A first average number of safety events associated with a first safety event type may be displayed along with a second average number of safety events associated with a second safety event type, wherein the averages are based at least in part on the demographic information. A first predicted number of safety events associated with the first safety event type may be received from the driver along with a second predicted number of safety events associated with the second safety event type. A predicted discount may be automatically calculated and output. | 11-28-2013 |
| 20130317863 | COMPUTER PROGRAMS FOR REAL-TIME ACCIDENT DOCUMENTATION AND CLAIM SUBMISSION - A computer program product for processing an insurance claim application, the computer program product having a computer-readable storage device with computer-readable program instructions stored therein for: initiating an insurance claim application; receiving user data associated with the insurance claim, the user data including an image; generating a model of a scene of the insurance claim using the user data; generating a model of an user's vehicle associated with the insurance claim using the user data; analyzing the model of the user's vehicle to identify a damaged portion of the user's vehicle and a claim element; analyzing at least one of the user data, the model of the scene, the model of the user's vehicle, the damaged portion of the user's vehicle, and the claim element to determine whether the insurance claim application satisfies a processing criteria. The computer program can submit a completed insurance claim application to an insurance provider, and/or process the insurance claim. | 11-28-2013 |
| 20130317864 | Mobile Computing Device for Real-Time Accident Documentation and Claim Submission - A mobile computing device that facilitates efficient and convenient processing of an insurance claim. The mobile computing device can receive text, image, and audio data associated with the insurance claim. Using the received data, a model of the user's vehicle and the scene of the accident are generated and displayed on the mobile computing device. Damaged portions of the user's vehicle can be identified automatically or by the user. Damage can be tagged using the mobile computing device and additional data can be provided by the user and associated with each tag. The mobile computing device can be used to provide a preliminary claim assessment, submit a completed insurance claim application to an insurance provider, and/or process the insurance claim. | 11-28-2013 |
| 20130317865 | Server for Real-Time Accident Documentation and Claim Submission - An server that facilitates efficient and convenient processing of an insurance claim. The claim processing application can receive text, image, and audio data associated with the insurance claim. Using the received data, a model of the user's vehicle and the scene of the accident are generated and displayed on the user's mobile device. Damaged portions of the user's vehicle can be identified automatically or by the user. Damage can be tagged using the mobile device and additional data can be provided by the user and associated with each tag. The server's claim processing application can be used to provide a preliminary claim assessment, submit a completed insurance claim application to an insurance provider, and/or process the insurance claim. | 11-28-2013 |
| 20130317866 | SYSTEMS AND METHODS FOR PROVIDING A BENEFIT PRODUCT WITH PERIODIC GUARANTEED INCOME - A computer implemented method and system that implements a benefit product that provides a guaranteed income amount for a participant, the benefit product generates the guaranteed income amount by participating in a plurality of guaranteed income products (GI products). The system may comprise: (1) an income aggregator portion; (2) a savings recordkeeper portion that maintains an investment account associated with the benefit product, the investment account into which the payments to the benefit product pass; and (3) at least one income recordkeeper portion, each income recordkeeper portion administering one or more GI products, each income recordkeeper portion: determining, based on an attributable allocation to a particular GI product, a guaranteed income associated with such particular GI product, each guaranteed income being an amount, attributable to the particular GI product, that is payable to a participant. The income aggregator performs allocation processing, the allocation processing being performed based on funds transfer data, the funds transfer data including (1) first funds transfer data that reflects activity of the investment account and benefit product associated therewith, and (2) second funds transfer data that reflects activity of a respective GI product. | 11-28-2013 |
| 20130317867 | Method for Processing Insurance Claim Appeals - A system and method for processing an appeal of an insurance claim is disclosed. The method involves a computer implemented process of receiving information about of a denied insurance claim, preparing the appeal, and generating a webpage that provides status information about the appeal to the parties to the appeal. The generated webpage can also provide an option to submit the appeal to an external appeals body when an internal appeals body has ruled unfavorably. Accordingly, the present invention can provide a single interface where an insured can submit appeals in a standard manner to facilitate the process of preparing and submitting appeals of denied insurance claims. | 11-28-2013 |
| 20130325516 | SYSTEM AND METHOD FOR GENERATING INSURANCE CONTRACT DOCUMENTS COMPLIANT WITH STATE INSURANCE REGULATIONS - Provided are systems and methods for generating state-specific insurance contract documents that are compliant with their respective state's insurance regulations. In particular, these systems and methods are provided in accordance with a simplified model for maintaining and creating insurance contract documents that are compliant with state insurance regulations. State-specific insurance contract documents are generated by combining baseline section template files and state-specific section template files in accordance with contract generation rules that are defined to create a state-specific insurance contract document that it compliant with its respective state's insurance regulations. | 12-05-2013 |
| 20130325517 | Insurance Systems and Method Using Online Social Networks - A system for providing insurance policies is disclosed herein that includes an insurance database storing user information for a group of users in an insurance program, including user identity data and user reputation data, and an insurance program server containing an insurance platform application communicating with the users in the insurance program through a social network web site and accessing user identity data through a social network database. The application provides insurance policies issued by an insurance carrier to the users covering a first insurance policy term, and uses risk reputation rating data about an individual user submitted by the individual user and scored by the insurance platform application for the purpose of removing selected users from the group for a second insurance policy coverage term. Additional systems and methods are also disclosed. | 12-05-2013 |
| 20130325518 | PROCESS, METHOD AND SYSTEM FOR OBTAINING INSURANCE QUOTES AND GENERATING A DECLARATION PAGE - This is a system including the process, methods, instructions and architecture of a graphical user interface saved on a physical, computer readable media device and run to allow homebuyers and or their lenders to obtain insurance quotes and to print or email Declaration Pages locally. | 12-05-2013 |
| 20130325519 | METHODS AND SYSTEMS FOR PROVIDING CUSTOMIZED RISK MITIGATION/RECOVERY TO AN INSURANCE CUSTOMER - A loss mitigation computer system includes a customer interface electronically receiving customer information data from a customer computer system via a communications network, a risk assessment computer processing module processing the customer information data and identifying at least one peril associated with the customer information data, a risk mitigation computer processing module generating at least one risk mitigation option based on the at least one peril and receiving customer selected risk mitigation options responsive to the generated at least one risk mitigation option from the customer computer system; and a customization computer processing module generating at least one of a calculated insurance premium, a current risk assessment, a future risk assessment, recommendations, and a gap analysis based on the received at least one customer selected risk mitigation option. Various alternative embodiments are also disclosed, including a computer implemented loss mitigation method and/or loss recovery system. | 12-05-2013 |
| 20130325520 | Systems And Methods For Grid-Based Insurance Rating - A computer-implemented method for providing an insurance rate associated with a particular location may include: storing insurance-related data associated with each of a plurality of geographic areas, determining a particular geographic area corresponding with the particular location, retrieving from storage insurance-related data associated with a subset of the geographic areas, calculating a credibility factor based on the quantity of the retrieved insurance-related data, determining that the credibility factor is below a target credibility threshold, and, in response to determining that the credibility factor is below the target credibility threshold, increasing the subset of geographic areas, retrieving from storage insurance-related data for the increased subset of geographic areas, calculating an updated credibility factor that meets or exceeds the target credibility threshold, calculating an insurance rate based at least on the retrieved insurance-related data associated with the increased subset of geographic areas, and communicating the calculated insurance rate to a user. | 12-05-2013 |
| 20130332199 | SYSTEMS AND METHODS FOR CONSUMER-DRIVEN MOBILE HEALTHCARE PAYMENTS - Consumer-driven healthcare payments are made to providers of healthcare services. A healthcare payment system receives, from a mobile device associated with a consumer of healthcare services, an identification of a selected provider of the healthcare services. The system identifies a price list for one or more healthcare services offered by the provider and transmits the identified price list to the mobile device. The system receives a payment request from the mobile device. The payment request identifies at least one service selected from the price list and one or more funding sources. The system transfers electronic payment for the selected service from the one or more funding sources to an account associated with the selected provider. The one or more funding sources may include a bank account, a health savings account (HSA), a health insurance plan, a credit card, a debit card, and/or an electronic payment service. | 12-12-2013 |
| 20130332200 | SYSTEM AND METHOD FOR INTELLIGENT CUSTOMER DATA ANALYTICS - According to some embodiments, an insurance business process may have a series of business process actions. Moreover, point of service customer interaction data associated with the insurance business process may be received along with external third-party information associated with a context of the insurance business process. Based on the external third-party data, the point of service customer interaction data may be systematically analyzed to identify a trend. The trend may be analytically mapped to a first business process action in the insurance business process. An indication of a recommended change to the first business process action may then be output based at least in part on the identified trend. | 12-12-2013 |
| 20130332201 | DATA ACQUISITION APPARATUS CONFIGURED TO ACQUIRE DATA FOR INSURANCE PURPOSES, AND RELATED SYSTEMS AND METHODS - Embodiments disclosed herein are directed to data acquisition apparatuses configured to acquire insurance-related data from an insurance policyholder for insurance purposes and transmit the insurance-related data directly or indirectly to an insurer of insurance for the insurance policyholder, and related systems and methods. | 12-12-2013 |
| 20130332202 | Systems and Methods for Advancing Construction Project Performance and Completion - Exemplary methods and systems for advancing construction project performance and completion are provided, including creating a contract between a first party and a second party, determining a need for at least one performance guarantee, and determining an amount of at least one letter of credit. The exemplary methods further include incorporating the at least one letter of credit into the at least one performance guarantee and incorporating the at least one performance guarantee into at least one of the contract and a surety bond. Upon a default by at least one of the first party and the second party, the exemplary method includes implementing at least one of the at least one performance guarantee and the at least one letter of credit to cure the default. The exemplary system includes a computer storage device and a processing device. | 12-12-2013 |
| 20130332203 | INSURANCE PRODUCT MODEL-BASED APPARATUS AND METHOD - Insurance policy management includes: interpreting an insurance product model to facilitate collecting supplemental policy-specific data, the insurance product model defining structures of a plurality of derived insurance policies; obtaining the supplemental policy-specific data; and performing an insurance-related action based at least in part on the supplemental policy-specific data. | 12-12-2013 |
| 20130332204 | SYSTEM AND METHOD FOR GENERATION OF CUSTOMIZED INSURANCE PROPOSALS - A computer system includes a web server component and a rules engine component in communication with the web server component. The rules engine component receives input rating information that is relevant to insurance coverage rating decisions. The rules engine component applies rating rules to the input rating information to generate premium quotations for a proposed insurance policy. The web server component downloads a quotation display page to a client computer, including an option to generate a customized proposal based on the premium quotations for said proposed insurance policy. | 12-12-2013 |
| 20130332205 | SYSTEM AND METHOD FOR ESTABLISHING AN INSURANCE POLICY BASED ON VARIOUS FARMING RISKS - A system and method for generating an insurance policy to protect a crop against weather-related perils is provided. A customized insurance policy is generated based on crop type data and location data. The customized insurance policy is generated utilizing a weather-impact model for the type of crop and the geographic area. | 12-12-2013 |
| 20130332206 | Out-of-Pocket Insurance - Technologies related to out-of-pocket insurance are described. In some examples, out-of-pocket insurance covers the out-of-pocket costs associated with making an insurance claim with a primary insurance provider. This out-of-pocket insurance coverage may cover any payment that an insurance policy holder must pay out-of-pocket in a valid insurance plan for valid insurance claims. | 12-12-2013 |
| 20130339061 | SYSTEM AND METHOD TO GENERATE AN ELECTRONIC WAGE STATEMENT FILE - According to some embodiments, an indication of a pay period frequency may be received from an insured along with an indication of an initial pay period begin date. A series of pay period begin date and pay period end date fields may then be automatically populated based on the pay period frequency and initial pay period begin date. Wage values associated with a plurality of the pay period begin date and pay period end date fields may be received from the insured, and an electronic wage statement file may be generated based on the received wage values. | 12-19-2013 |
| 20130339062 | SYSTEM AND METHOD FOR USE OF SOCIAL NETWORKS TO RESPOND TO INSURANCE RELATED EVENTS - Pursuant to some embodiments, systems, methods, apparatus and computer program code for responding to insurance related events are provided. Pursuant to some embodiments, event data associated with an insurance related event are received, and cause the analysis of the event data, the identification of an insured entity and an affected insurance policy, the establishment of a support network for response to the insurance related event, and the communication of information associated with the support network to an insured entity. In some embodiments, the support network is a social network that includes the insured as well as one or more service providers selected based on the affected insurance policy, the insured, and the insurance related event. | 12-19-2013 |
| 20130339063 | SYSTEM AND METHODS FOR MANAGING INTELLECTUAL PROPERTY-BASED RISKS - Presented herein are methods and systems for managing an entity's risks of patent coverage. More specifically, the present invention is directed to methods and system for insuring an entity against damage awards in patent litigation. The presented methods and systems allow a manufacturer to minimize their exposure to damage awards in patent litigation by conducting pre-emptive analyses and properly allocating funds for royalty payments and/or damage awards. An insurance captive is also established as a risk management tool to insure the manufacturer against excessive damage awards. | 12-19-2013 |
| 20130339064 | SYSTEM AND METHOD FOR CREATING AND ADMINISTERING INSURANCE VIRTUAL AFFINITY GROUPS - Pursuant to some embodiments, systems, methods, apparatus and computer program code for creating and administering virtual affinity groups are provided. Pursuant to some embodiments, a computer implemented processing method is provided which includes receiving, at an insurance processing platform, information identifying at least a first characteristic of a virtual affinity group, receiving, at the insurance processing platform, information identifying at least a first feature of the virtual affinity group and at least a first insurance related benefit to be offered to the virtual affinity group, automatically identifying at least a first individual matching the at least first characteristic, and communicating to the at least first individual information allowing the at least first individual to participate in the virtual affinity group. | 12-19-2013 |
| 20130339065 | SYSTEM AND METHOD FOR PROACTIVE UNDERWRITING USING SOCIAL DATA - Pursuant to some embodiments, systems, methods, apparatus and computer program code for proactive underwriting are provided. Pursuant to some embodiments, a computer implemented processing method is provided which includes identifying, by an insurance processing platform, an action by an entity that matches at least a first trigger rule. A proactive underwriting template is selected based on the at least first trigger rule, where the proactive underwriting template defines a number of data items required to complete the proactive underwriting template. The insurance processing platform is operated to automatically collect data associated with the plurality of required data items, and to perform a proactive underwriting analysis using the collected data. An underwriting determination is then rendered based on the proactive underwriting analysis. | 12-19-2013 |
| 20130339066 | System and Method for Online Automobile Insurance Quoting - The present disclosure describes novel systems and methods for a customer to receive information and/or purchase a product or service while interacting with multiple vendors through a single contact/agency. The customer is able to communicate with the agency through a variety of communication modes. The agency adapts the customer's input as necessary to meet the requirements of the vendors and the agency returns information to the customer so that the customer can conveniently interact with the multiple vendors. The systems and methods allow for the customer to stop and restart the process at various points using any of the communication modes. The agency has the ability to present the customer with prospecting, sales, service, upgrades, cross-sells, and other pre- and post-purchase services at the single point-of-contact agency. | 12-19-2013 |
| 20130346112 | System and Method of Assisting Fundraisers and Donors - The present invention provides a system and method of assisting fundraising entities and their donors, resulting in the realizing of a novel source of donor funds created by adjusting insurance policies carried by the donors. A third party manager identifies eligible donors, assists with managing the donors' personal and commercial insurance policies, assists with the payment of premiums to insurance companies whereby a surplus in donor funds is realized, and assists with transferring funds from that surplus to the fundraising entity. In a preferred embodiment, there is no cost at all to the donor as well as minimal effort to participate. The invention is preferably executed through an online network. | 12-26-2013 |
| 20130346113 | COMPUTER BASED SYSTEM FOR PRICING AN INDEX-OFFSET DEPOSIT PRODUCT - A computer-based method for determining a value of an index-offset deposit product, having a principal amount, a term, a specified guaranteed amount, and an index credit comprising the step of setting trial values for fixed-income-linked crediting parameters for the product implying an expected fixed-income-linked credit component at the end of the term. The method further comprises the steps of determining a cost for an option paying an index-linked credit component such that a composite index credit together with the principal is at least equal to a specified guaranteed amount. | 12-26-2013 |
| 20130346114 | APPARATUSES, METHODS, AND SYSTEMS FOR PROVIDING A RISK EVALUATION PRODUCT BUILDER USER INTERFACE - The present disclosure describes an approach to constructing and implementing risk rating products that provides a number of advantages. Instead of hard-coding attributes of a risk rating scheme, which requires the assistance of a trained programming specialist for any modifications, adjustments, or new products, the present invention provides a set of modular tools that assist non-specialists in on-the-fly generation and implementation of risk rating products. The modularity of this approach facilitates the modification and/or updating of a system component without affecting the operation of other components. Described herein are embodiments of a risk evaluation product builder, which allows users to manipulate visual tools to generate a data-structure comprising an embodiment of a risk rating scheme and insurance quoting product. | 12-26-2013 |
| 20130346115 | INSURANCE PROCESSING SYSTEMS AND METHODS USING MOBILE DEVICES FOR MEDICAL MONITORING - Pursuant to some embodiments, systems, methods and devices are provided for insurance processing including installing a medical monitoring application associated with a user of a mobile device, the medical monitoring application including configuration data associated with at least a first medical monitoring rule, displaying, under control of the medical monitoring application, a series of instructions to cause the mobile device to be configured to communicate with at least a first biometric sensor, collecting, based on the at least first medical monitoring rule, a set of biometric data from the at least first biometric sensor, and transmitting the set of biometric data from the mobile device to a remote processing system for processing a request for insurance. | 12-26-2013 |
| 20130346116 | MOBILE APPLICATIONS IN PATENT PORTFOLIO MANAGEMENT AND ANNUITY PAYMENTS - Systems and methods for the use of mobile applications in patent portfolio management are proposed. In one example embodiment, a method includes providing or enabling a mobile application for a portable electronic device, the mobile application relating to payment of patent annuity fees and allowing presentation of an interactive user interface to a user. The method includes displaying, in the user interface, a cost projection for paying one or more patent annuity fees and allowing a user to select one or more of the displayed patent annuity fees for payment. | 12-26-2013 |
| 20130346117 | Computer Implemented Methods For Providing Customized Marketing Information - Computer implemented methods for providing customized pricing information based on limited personal data comprising receiving non-identifying demographic information about a prospective customer; receiving non-identifying location information about the prospective customer; receiving non-identifying information about a property of the prospective customer; automatically identifying a comparable segment of existing customers based on the non-identifying demographic information, the non-identifying location information, and the non-identifying information about the property of the prospective customer; automatically determining representative pricing information based on prices paid by existing customers in the comparable segment of existing customers; and generating displayable content comprising the representative pricing information. The displayable content may further comprise comparable rating and products information. | 12-26-2013 |
| 20130346118 | Data Structures For Providing Customized Marketing Information - A data structure in a tangible computer-readable medium having two or more prospective customer profile records; two or more comparable segment records; and an association between each of the two or more prospective customer profile records and one of the two or more comparable segment records. | 12-26-2013 |
| 20140006059 | Methods and systems for comparing employee insurance plans among peer groups | 01-02-2014 |
| 20140006060 | SYSTEM AND METHOD FOR PROCESSING DATA RELATED TO WORKSITE ANALYSES | 01-02-2014 |
| 20140006061 | METHODS AND APPARATUS FOR PROCESSING INSURANCE CLAIMS | 01-02-2014 |
| 20140006062 | SYSTEM AND PROCESS FOR PROVIDING MULTIPLE INCOME START DATES FOR ANNUITIES | 01-02-2014 |
| 20140006063 | Method for Efficient Processing of Insurance Claims | 01-02-2014 |
| 20140006064 | APPARATUS AND METHOD FOR PROVIDING AND/OR FOR PROCESSING INFORMATION PERTAINING TO AND/OR RELATING TO PRINCIPAL/AGENT RELATIONSHIPS AND/OR ACTIVITIES INVOLVING AGENTS AND THIRD PARTIES | 01-02-2014 |
| 20140006065 | METHOD AND SYSTEM FOR MANAGING APPEALS | 01-02-2014 |
| 20140006066 | Systems, Computer-Implemented Methods, and Computer Medium to Determine Premiums and Indemnities for Supplemental Crop Insurance | 01-02-2014 |
| 20140012603 | CAPACITY PLANNING AND MODELING FOR OPTIMIZATION OF TASK OUTCOMES - Systems and methods for optimizing outcomes in view of various business scenarios are based on a unique quantification of work and estimate of task duration, which may be used to develop a measure of the work required to complete a task. This measure may be compared to forecasted work and used to allocate resources accordingly. Additionally, optimal outcomes may be identified subject to any classification, such as by class of worker, type of task, location of task, and/or size of work unit. | 01-09-2014 |
| 20140012604 | Self-Selected Insurance Pool Management - In some implementations, a self-selected insurance pool can be created. A group organizer and/or member of the insurance pool can invite friends, relatives and/or other contacts to join the self-selected insurance pool. Invitations can be sent using electronic mechanisms, including email, instant messaging, text messaging, etc. Invitees can be identified and selected from a member's address book or from contacts on a social media website. In some implementations, once the insurance pool has been created, members of the pool can monitor the activities of members of the group and receive notifications of events generated by other members. Members of the pool can view their own statistics as compared to other members of the group. Members can initiate a review of another member to determine if the member has been abusing or excessively using the insurance of the pool and initiate proceedings to remove the abusing member from the pool. | 01-09-2014 |
| 20140012605 | METHOD OF RE-DISTRIBUTING AND REALIZING WEALTH BASED ON VALUE OF INTANGIBLE ASSETS OR OTHER ASSETS - Methods of re-distributing and realizing wealth based on the value of intangible, tangible or other assets are described. For example, one or more intangible assets, including but not limited to the company's established goodwill, may be sold to a purchaser corporation in exchange for an issuance of shares in the purchaser corporation's capital stock. Rights in the intangible assets may then be leased back to the seller company on terms that provide for the payment of periodic rent to the purchaser corporation. With the seller company's intangible assets having been converted at least partially into tangible, recordable investment property, the purchaser corporation may extend a credit facility to the seller company secured by the acquired shares in the corporation's issued capital stock. Loan advances drawn on the credit facility may then be taken by the seller company from time to time so as to generate positive real cash flows to the seller company. | 01-09-2014 |
| 20140012606 | Systems, Computer-Implemented Methods, and Computer Medium to Determine Premiums and Indemnities for Supplemental Crop Insurance - Provided are systems, machines, non-transitory computer medium having computer program instructions stored thereon, and computer-implemented methods for providing a premium or an indemnity for a supplemental crop insurance policy. The methods including providing for display of a supplemental crop insurance policy information content page including one or more loss parameter fields to be populated by a user with a corresponding set of supplemental crop insurance parameters, receiving a set of supplemental crop insurance parameters submitted by a user via populating the one or more parameter fields of the supplemental crop insurance policy information content page, determining a premium or an indemnity for the supplemental crop insurance policy based at least in part on the set of supplemental crop insurance parameters, and providing for the display of a supplemental crop insurance policy content page including the premium or the indemnity for the supplemental crop insurance policy. | 01-09-2014 |
| 20140012607 | Providing Loan Services in the Event of a Total Loss Claim - A computer-based method for automatically providing a loan offer to a customer may include: receiving an indication of a total loss event for the customer's property, collecting prequalification data for the customer from a data source comprising customer-specific data, collecting credit data associated with the customer's credit, determining whether to prequalify the customer for a property replacement loan based at least on (a) the collected prequalification data for the customer and (b) the collected credit data associated with the customer's credit, and in response to a determination to prequalify the customer for a property replacement loan, communicating to the customer an offer for the property replacement loan. | 01-09-2014 |
| 20140019166 | SPECTRAL IMAGE CLASSIFICATION OF ROOFTOP CONDITION FOR USE IN PROPERTY INSURANCE - A method and apparatus is disclosed for applying high resolution spectral imaging (hyperspectral or multispectral) to property characterization, specifically rooftop classification of type and condition using reference data for insurance applications. The system can also be used to classify the condition of vegetation and property hazards. Classifying rooftop type and condition using remote spectral imaging greatly improves quantitative accuracy of roof inspections and decreases the cost of inspection across large geographic domains. By comparing the spatially subset spectral reflection of rooftops to a reference spectra, the rooftop type and condition can be accurately assessed. The aerial inspection produces uniform and consistent data can be ingested into property insurance evaluations for many different uses. The cost of residential property inspections and re-inspections performed via manual visual inspection is reduced and a geospatial database for the targeted residential and commercial property region that can be used for sustained property assessment is created. | 01-16-2014 |
| 20140019167 | Method and Apparatus for Determining Insurance Risk Based on Monitoring Driver's Eyes and Head - An insurance risk rating system and method are provided. The insurance risk rating system includes a driver sensor that obtains driver behavior data by monitoring at least one of the driver's head and one or more of the driver's eyes, a processing unit that compares the driver behavior data with reference data that relates the driver behavior data to loss data, and a risk rating unit that assigns a risk rating to the driver based on a result of the comparison by the processing unit. | 01-16-2014 |
| 20140019168 | SYSTEMS AND METHODS FOR GRAPHICAL REPRESENTATION OF STATUS OF AN INSURANCE CLAIM - Systems and methods for an interactive graphical user interface for depicting the status of a claim are provided. The system includes a database for storing claim data and a server in communication with the database. The stored claim data includes a claim workflow associated the claim. The workflow defines the processing steps associated with processing the claim. The server receives a user request to check the status of the claim. The server determines status data of the claim based on stored claim data and outputs the status data to a graphical user interface for depicting a graphical representation of the status data. The graphical representation includes a timeline corresponding to the workflow of the claim and a progress bar indicative of the status of the claim. | 01-16-2014 |
| 20140019169 | FINANCIAL TRANSACTION SYSTEM - A machine, manufacture, process, composition, and product produced thereby Representatively, there can be a computer-aided method for managing cash flows for a transaction, the method including the steps of: receiving respective descriptions of risks; receiving statistical assumptions for said risks; receiving financial assumptions for said risks; calculating, from the descriptions and the assumptions, expected cash flows corresponding to said risks for time periods; receiving actual cash flows information from occurrence of events corresponding to said risks; accounting for a first party to the transaction owing the expected cash flows to a second party to the transaction; accounting for the second party owing the actual cash flows to the first party; and computing a net settlement, for each of said time periods, between the parties in the transaction to manage the actual cash flows and the expected cash flows. | 01-16-2014 |
| 20140019170 | SYSTEM AND METHOD FOR DETERMINING AN INSURANCE PREMIUM BASED ON COMPLEXITY OF A VEHICLE TRIP - Systems and methods are disclosed herein for pricing an insurance premium based on route complexity. The system includes a computer memory and a processor in communication with the computer memory. The computer memory stores telematics data received from a sensor within a vehicle. The telematics data includes at least one of geo-position information of the vehicle and vehicle kinematics data. The processor is configured to compute a complexity score of the trip based on the telematics data. The processor is also configured to determine a price for automobile insurance for the driver based on the complexity score of the at least one trip. | 01-16-2014 |
| 20140019171 | Insurance Transaction System and Method - The present invention is a system and method of creating insurance with a switching device that limits the liability of the insurer. | 01-16-2014 |
| 20140025401 | DATA ACQUISITION APPARATUS CONFIGURED TO ACQUIRE DATA FOR INSURANCE PURPOSES, AND RELATED SYSTEMS AND METHODS - Embodiments disclosed herein are directed to data acquisition apparatuses configured to acquire insurance-related environmental data from an insurance policyholder for insurance purposes and transmit the insurance-related environmental data directly or indirectly to an insurer of insurance for the insurance policyholder, and related systems and methods. | 01-23-2014 |
| 20140025402 | SYSTEM AND METHOD FOR PROCESSING AND ADMINISTRATING DEDUCTIBLE CALCULATIONS - An insurance policy management system for administering and managing insurance policies having deductible coverage through a primary and a secondary insurer. The secondary insurer is provided a portion of a premium payment via the primary insurer to provide deductible coverage to a policyholder. The policyholder will not have to pay a lump sum deductible in the event of a loss when selecting the no deductible option and may have the option of bidding out the deductible coverage in a multi-insurer platform. | 01-23-2014 |
| 20140025403 | SYSTEM AND METHOD FOR PROCESSING WORK PRODUCTS FOR VEHICLES VIA THE WORLD WIDE WEB - A method and system for receiving data relating to an insurance claim for a damaged vehicle and transmitting a valuation report for the damaged vehicle over the world wide web. The system includes a client computer and a web server that are coupled through an electronic communication network such as the internet. The web server contains a web site that contains a plurality of web pages. Each web page allows an operator to enter the insurance claim data. The data can be processed into a valuation report by a separate valuation server. The valuation report can be transmitted to the client computer through the web server. A claims adjuster can access the web server by merely entering a uniform resource locator (“URL”) into a web browser. The adjuster does not have to dial directly into the valuation server. | 01-23-2014 |
| 20140025404 | SYSTEMS AND METHOD AND COMPUTER PROGRAM PRODUCT FOR DETERMINING CONSUMER NEGOTIABLE AUTOMOBILE ACCIDENT AND INJURY CALCULATIONS - Consequently, the CONSUMER CLAIM SOLUTION SOFTWARE [CCSS] program affords the user a comprehensive feedback on all of the pertinent variables of an automobile accident scenario. It also provides options for inclusion in the proposed negotiation which are designed to place the user within the same scope of expertise as the insurance professional in which the user will negotiate, thus providing a potentially more lucrative settlement. | 01-23-2014 |
| 20140025405 | SYSTEM AND METHOD FOR PROCESSING DATA FOR INSURANCE COVERAGE FOR DISABILITY RISKS - Disclosed is a novel disability insurance product that provides a benefit to the purchaser. The insurance product comprises a disability insurance product which offers coverage for a predetermined limited period of time. If at the end of the predetermined period of time the insured individual is still disabled according to the terms of the insurance product, the insurance provider will pay a lump sum benefit. | 01-23-2014 |
| 20140032246 | DATA PROCESSING SYSTEM FOR IMPLEMENTING FINANCIAL ASSET TRANSACTIONS IN A RETAIL ENVIRONMENT - Exemplary data processing implemented sales and activation systems and methods are used to distribute insurance products and services. Aspects provide a two stage operation facilitated by selectively arranged retail packaging used in conjunction with an on-line activation process to permit enhanced marketing of insurance and other insured products and services. | 01-30-2014 |
| 20140032247 | CLAIMS-UNDERWRITING INTEGRATION SYSTEM AND METHOD - Methods and systems electronically integrate a claims workflow management system and a claim handling application with a property records system. | 01-30-2014 |
| 20140032248 | SYSTEMS AND METHODS FOR INSURANCE QUOTE GENERATION, MODIFICATION, APPLICATION, AND ACTIVATION - A system and method for generating, displaying, and modifying an insurance quote that includes a management module in communication with a client device. After the client preferably logs in to the management module, provides relevant information, a calculation engine generates an insurance quote estimate. The quote estimate is preferably displayed on the device even while the client reconfigures the insurance coverage options. | 01-30-2014 |
| 20140032249 | INSURANCE ADJUSTMENT FOR CLOUD BASED SERVICES - Technologies are generally described for an architecture and system for conducting insurance adjusting for cloud-related data or computing services. In some examples, the system may be configured to collect data regarding datacenter performance degradations, and may include an adjusting interface, a claim reporting interface, and connected infrastructure to collect instrumented data associated with cloud-related data/computing service performance. The collected data may be used for event classification and liability assignment so that insurance can be meaningfully written and processed. | 01-30-2014 |
| 20140039934 | INSURANCE VERIFICATION SYSTEM (INSVSYS) - A method and system for verifying insurance information associated with an entity is disclosed. Insurance information is stored in an insurance information repository. An insurance information verification request from a third party computer is received. The insurance information verification request includes a parameter associated with the entity. A determination is made as to whether insurance information associated with the entity includes an insurance policy. If it is determined that the insurance information associated with the entity includes the insurance policy, a policy status of the insurance policy is determined, and a verification message verifying that the insurance information associated with the entity includes the insurance policy is transmitted to the third party computer. The verification message may include the policy status. Else, an alert message is transmitted to the third party computer. The alert message indicates that the entity does not have insurance. | 02-06-2014 |
| 20140039935 | INSURANCE VERIFICATION SYSTEM (INSVSYS) - A method and system for uniquely identifying an entity is disclosed. The method includes receiving information corresponding to the entity, the information corresponding to the entity including insurance data. A unique identifier of a plurality of unique identifiers is assigned to the entity. The unique identifier is associated to the information corresponding to the entity. The unique identifier is stored in association with the information corresponding to the entity for future retrieval by the entity. A confirmation of the assignment of the unique identifier is sent to the entity. A determination is made that the unique identifier is unavailable for assignment to another entity different from the entity. | 02-06-2014 |
| 20140039936 | MICRO-RESOURCE-POOLING SYSTEM AND CORRESPONDING METHOD THEREOF - The invention relates to a resource-pooling system and to a corresponding method for risk sharing of a variable number of risk exposure components. The risk exposure components are connected to the resource-pooling system by means of a plurality of payment receiving modules configured to receive and store payments from risk exposure components for the pooling of their risks. The total risk of the pooled risk exposure components comprises a first risk contribution associated to risk exposure in relation to loan losses, and a second risk contribution associated to risk exposure based on emergency expenses. The pooled risk is divided in a parameterizable risk part and a non-parameterizable risk part by means of an indexing module. In case of triggering a loss by means of a trigger module, the suffered loss is covered by releasing associated loans and emergency expenses of the risk exposure components. | 02-06-2014 |
| 20140039937 | Insurance Data Management System - A system and method for the capture, storage and usage of specific insurance underwriting and/or loss validation data includes a handheld mobile computer device containing one or more master forms in which insurance data is entered into the handheld device, normally at the location of the insured home along with an electronic signature of the insured and a geocode and time/date stamp. The data is uploaded to a secure, structured database. insurance data can also be entered, in a secure manner, via a customer portal by the insured or from third party data sources. The system includes software with the ability to pre-populate standardized underwriting forms based on the collected data. The system also manages electronic insurance quotes and bind orders as well. | 02-06-2014 |
| 20140039938 | Retirement Planning Application - A method includes receiving first user input indicating selection of a guaranteed income option to fund essential retirement expenses. The method further includes receiving second user input indicating selection of an investment option to fund lifestyle retirement expenses. The method also includes receiving third user input indicating selection of an unexpected liability coverage option, wherein the unexpected liability coverage option includes a long-term care funding option, an unexpected legal expense funding option, or any combination thereof. The method includes receiving fourth user input indicating selection of one or more legacy planning options. The method also includes generating a retirement plan based on the first user input, the second user input, the third user input, and the fourth user input. | 02-06-2014 |
| 20140039939 | Method of Purchasing a Product to Avoid Adverse Selection - A method for providing automatic purchase of products, such as insurance products, by one or more third parties acting on behalf of a purchaser and for automatic deductions from an income source to pay for the product utilizes stored data regarding the products, information provided to a purchaser from the stored data based upon inquiries from the purchaser and concluding a purchase or not along with payment for the purchaser. | 02-06-2014 |
| 20140039940 | RECEIPT INSURANCE SYSTEMS AND METHODS - Receipt insurance systems and methods provide protection to consumers against losses which may result from failure to possess a physical receipt or proof of purchase for retail purchase transactions. In one embodiment, a third party receipt insurer insures or guarantees consumers or purchasers of benefits associated with having possession of a receipt or other proof of purchase for a retail purchase without the need for possession of a physical or paper receipt. A receipt insurance agreement between a receipt insurance provider and a consumer protects the consumer against a loss of consumer rights or personal property insurance rights resulting from a lost receipt by electronically storing for retrieval, if necessary, an electronic record of all of the receipt information. | 02-06-2014 |
| 20140046700 | SYSTEMS AND METHODS OF PROVIDING A MARKETPLACE FOR DISTRIBUTING LEADS - Systems and method of providing a web-based marketplace for distributing leads to a network of agents are provided. A method includes receiving data indicative of user identification and user insurance coverage from a plurality of website users, identifying a subset of the plurality of website users that fail to purchase insurance, generating a database that stores the data received from the subset of website users, and generating a price for purchasing the data received from each of the subset of website users. The price is added to the respective website user's data in the database. The method includes transmitting a portion of the database including the price to a third party, and receiving a request to purchase a first website user's data. | 02-13-2014 |
| 20140046701 | Apparatus and Method for Detecting Driving Performance Data - A system and method for detecting driving performance data is provided. The system and method include a mobile device in electronic communication with a network and one or more sensors for measuring at least one parameter associated with operation of a vehicle. A driving performance engine in electronic communication with the mobile device. The driving performance engine verifies the vehicle and a driver of the vehicle, detects vehicle movement by comparing sensor data obtained by the mobile device with a predefined set of rules, records driving performance data, transmits the driving performance data anonymously to an insurance provider computer system, and receives insurance cost information from the insurance provider computer system based on the driving performance data. | 02-13-2014 |
| 20140046702 | Methods and systems for providing liquidity options and permanent legacy benefits for annuities - This invention relates to methods and systems that provide annuities with at least one liquidity option that allows the holder of the liquidity option to exercise the option and convert therewith a portion of a value of the annuity into a liquid asset, such as cash or a cash value, based on the value of future income payments, which can include payments that are guaranteed to be paid for the duration of one or more lifetime. The conversion may be in a variety of forms, such as an advance of at least a portion of the future income payments, or in the form a lump sum distribution of at least a portion of a commuted value of the annuity computed based at least in part on the present value, at the time of the conversion, of future income payments for the remainder of the guarantee period. This invention further relates to methods and systems that provide annuities including a liquid legacy benefit option that provide a lump sum distribution of a portion of an annuity premium to a beneficiary at the end of the guarantee period that is substantially certain at the inception of the annuity. | 02-13-2014 |
| 20140046703 | METHOD, SYSTEM, DEVICE, AND MEDIA FOR MANAGING DEBT SUPPORT - A computer-implemented method, system, apparatus, and media is directed to minimizing a risk associated with an anticipated value of an investment. An insurer establishes a capital structure within a computer memory of a computer system, the capital structure designed to minimize risk and being pledged to fund a default associated with the investment. Establishing the capital structure can include allocating regulatory capital based on a coverage factor multiplied by an average annual depression scenario default percentage for the investment and determining a portion of the capital structure for a pledged insuring investment that produces at least a portion of the cash stream. A determination of whether the established capital structure is sufficient to obtain a minimal target credit rating for the insurer is generated. The desired target rating is electronically provided based on the determination. | 02-13-2014 |
| 20140046704 | METHOD FOR LIMITING EXPOSURE TO LIABILITY IN MEDICAL BENEFIT PLANS - Systems and methods are provided to limit exposure of medical Plans to high liabilities for renal dialysis without exposing the insured patient to out-of-pocket liability while still allowing the patient to receive dialysis as they need it. In one embodiment, this goal is achieved by providing an ERISA medical insurance Plan structure that limits Plan responsibility to 125% of the Medicare approved amount for the services provided, and simul |
