Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Insurance
Reexamination Certificate
2010-06-22
2011-10-25
Kyle, Charles (Department: 3695)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Insurance
Reexamination Certificate
active
08046245
ABSTRACT:
Systems and methods provide optimized property risk ratings and, more particularly, optimized property risk ratings defined by evaluating ratings on a by peril basis. Systems and methods also price insurance products and underwrite insurance products using risk data that has been optimized on a by peril basis. A territory is subdivided into a plurality of regions determined in accordance with at least one predetermined factor. Loss costs representing historic costs for various insured perils are retrieved from a computerized database using a data processor. The loss costs are sorted on a per-peril basis for each of the regions using the data processor. Peril zones are created for each peril that represent related regions in which loss costs for a particular peril are roughly equivalent.
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Brinkmann Margaret A.
Peck Rosemary C.
Woll Richard G.
Allstate Insurance Company
Finnegan Henderson Farabow Garrett & Dunner LLP
Kyle Charles
Weis Seth
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