This inventor holds 3 USPTO granted patents, plus 1 CIPO patent. Top assignee: Computer Sciences Corporation. Active years: 2011-2012.
Company Filing History:
Years Active: 2011-2012
Title: Clifton Watters: Innovator in Claims Settlement Technology
Introduction
Clifton Watters is a notable inventor based in Pflugerville, TX (US). He has made significant contributions to the field of claims settlement technology, holding a total of 3 patents. His work focuses on improving the accuracy and efficiency of determining settlement amounts for insurance claims.
Latest Patents
Watters' latest patents include innovative methods for determining recommended settlement amounts by adjusting values derived from matching similar claims. In one of his patents, he identifies precedent claims that match a pending claim and determines a general damages amount based on the likelihood value for at least one of these matching claims. This process involves calculating pending claim adjustments based on amounts associated with the pending claim and applying these adjustments to derive a recommended settlement amount.
Another significant patent by Watters involves methods and systems for determining and displaying amounts for settling insurance claims. This patent outlines a process for identifying closed claims that match an open claim based on specific characteristics. A likelihood value associated with at least one of the matching closed claims is determined, which helps in establishing an amount for use by an adjuster in settling the open claim. The patent also discusses how to determine a most likely amount and range associated with the open claim based on these likelihood values.
Career Highlights
Clifton Watters is currently employed at Computer Sciences Corporation, where he continues to develop innovative solutions in the field of claims settlement. His expertise and inventions have made a significant impact on the industry, enhancing the way insurance claims are processed and settled.
Collaborations
Watters has collaborated with notable colleagues such as Frank Scalet and Scott Henry, contributing to a dynamic work environment that fosters innovation and creativity.
Conclusion
Clifton Watters is a distinguished inventor whose work in claims settlement technology has led to the development of valuable patents that improve the efficiency of insurance claims processing. His contributions continue to shape the industry and provide better solutions for claim adjusters and policyholders alike.