Denson Smith

Title: Denson Smith: Innovator in Vehicle Total Loss Claims

Introduction

Denson Smith is an accomplished inventor based in Niceville, Florida. He has made significant contributions to the field of vehicle insurance through his innovative methods and systems. With a total of two patents to his name, Smith is recognized for his expertise in identifying and settling total loss claims efficiently.

Latest Patents

Denson Smith's latest patents focus on a method and system for the early identification and settlement of total loss claims. This method involves retrieving a variety of historical vehicle records, labeling them as either repaired or total loss, and calculating mean cost values. The process includes training a regression model, optimizing a probability threshold, and analyzing multiple inputs to generate accurate predictions. The computing system designed by Smith comprises a transceiver, a processor, and memory that stores instructions. When executed, these instructions enable the system to receive and transmit answers, generate repair suggestions for repairable predictions, and create settlement offers for total loss predictions. This innovative approach streamlines the claims process, benefiting both insurers and policyholders.

Career Highlights

Denson Smith is currently employed at State Farm Mutual Automobile Insurance Company, where he applies his inventive skills to improve insurance processes. His work has garnered attention for its potential to enhance efficiency in the insurance industry.

Collaborations

Some of Denson Smith's notable coworkers include Carlee A Clymer and Gary Foreman. Their collaboration contributes to the innovative environment at State Farm, fostering advancements in insurance technology.

Conclusion

Denson Smith's contributions to the field of vehicle insurance through his patents demonstrate his commitment to innovation. His work not only enhances the efficiency of total loss claims but also sets a standard for future developments in the industry.