Company Filing History:
Years Active: 1998-2005
Title: Innovations by Alexander Dean Craig
Introduction
Alexander Dean Craig is an accomplished inventor based in Moreland Hills, OH. He has made significant contributions to the field of insurance technology, holding a total of 3 patents. His work focuses on developing systems that enhance the communication and determination of insurance costs through innovative monitoring techniques.
Latest Patents
One of Craig's latest patents is a "Monitoring system for determining and communicating a cost of insurance." This invention involves a method and system for communicating insurance-related services between an insured individual and an insurer through an Internet communication scheme. It includes a processing system that processes acquired event and sensor data to compute the cost of insurance for the same period as the data is acquired. The enhanced Internet communication scheme provides insured individuals access to the acquired data and its processing through advanced presentation systems, such as maps with usage, service, or special event processing.
Another notable patent is the "Motor vehicle monitoring system for determining a cost of insurance." This system determines the cost of automobile insurance based on monitoring, recording, and communicating data representative of operator and vehicle driving characteristics. The cost can be adjusted retrospectively and can be prospectively set by relating the driving characteristics to predetermined safety standards. The method involves monitoring a variety of raw data elements that represent the operating state of the vehicle or the actions of the operator. Selected raw data elements are recorded when they are determined to have a relationship to safety standards, which are then processed against an insurer profile to identify any surcharges or discounts applicable to the base cost of automobile insurance.
Career Highlights
Craig is currently employed at Progressive Casualty Insurance Company, where he applies his innovative ideas to improve insurance services. His work has significantly impacted how insurance costs are determined and communicated, making the process more transparent and user-friendly.
Collaborations
Some of his notable coworkers include Robert John McMillan and John Patrick Heinen, who have collaborated with him on various projects within the insurance technology sector.
Conclusion
Alexander Dean Craig's contributions to the field of insurance technology through his patents demonstrate his commitment to innovation and improvement in the industry. His work continues to influence how insurance services are delivered and understood by consumers.