Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Insurance
Reexamination Certificate
2006-04-11
2006-04-11
Nguyen, Cuong (Department: 3661)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Insurance
C705S001100, C705S007380
Reexamination Certificate
active
07027992
ABSTRACT:
A method and computerized system for reducing risk actually assumed by at least one of a plurality of parties, wherein at least one of the parties supplies electric power to at least one other of the parties, and if an unplanned at least partial failure to supply the electric power occurs, at least one of the parties assumes the risk. The method includes designating at least one factor associated with the supplying of electric power and for determining whether an unplanned at least partial failure to supply the electric power that occurs is a qualifying event; designating a compensation which will at least partially reduce the risk actually assumed by the at least one of the parties assuming the risk if the unplanned at least partial failure to supply the electric power occurs and is determined to be a qualifying event; and, establishing a relationship between the at least one of the parties assuming the risk and at least one other party. The at least one other party agrees to provide the compensation to the at least one of the parties assuming the risk if the unplanned at least partial failure to supply the electric power occurs and is determined to be a qualifying event.
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Fromer David
Hawk Gary
Hoog David
Husar Kurt
Kane Dennis
Ace Ina Holdings, Inc.
Nguyen Cuong
Reed Smith LLP
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