Carrie A Read

Title: **Innovative Contributions of Carrie A. Read in Vehicle Insurance Technology**

Introduction

Carrie A. Read, based in Bloomington, Illinois, is a notable inventor with a focus on advancements in vehicle insurance technology. With two patents to her name, she has made significant contributions aimed at improving the way total loss claims are identified and settled within the insurance industry.

Latest Patents

Carrie A. Read's latest patents revolve around a groundbreaking **Method and System for Early Identification and Settlement of Total Loss Claims**. This innovative method involves a comprehensive process for identifying a vehicle total loss claim by retrieving and analyzing a multitude of historical vehicle records. The process includes labeling each record as repaired or total loss, calculating mean cost values, training a regression model, and optimizing a probability threshold. Moreover, her system is designed to generate predictions based on multiple inputs. When a vehicle is deemed repairable, the system generates a repair suggestion, while for total loss predictions, it produces a settlement offer. This technology also includes a computing system comprised of a transceiver, processor, and a memory that stores specialized instructions to streamline claim assessments.

Career Highlights

Carrie A. Read is currently employed at State Farm Mutual Automobile Insurance Company, where she leverages her expertise to enhance the efficiency of the claims process. Her innovative work is instrumental in transforming how insurance companies approach vehicle damage assessments.

Collaborations

In her professional endeavors, Carrie collaborates with talented coworkers such as Carlee A. Clymer and Gary Foreman. Together, they contribute to the innovative culture at State Farm, focusing on developing better solutions for the insurance industry.

Conclusion

Carrie A. Read stands out as a key figure in the field of vehicle insurance technology, demonstrating the impact that innovative thinking can have on traditional industries. Her patented methods contribute significantly to improving the accuracy and speed of total loss claims, reflecting her commitment to enhancing customer service in the insurance sector.