Company Filing History:
Years Active: 2010-2025
Title: Floyd M Yager: Innovator in Customized Insurance Solutions
Introduction
Floyd M Yager, an accomplished inventor based in Park Ridge, IL, has made significant contributions to the field of insurance technology. With an impressive portfolio of 17 patents, Yager has been at the forefront of innovation, particularly in enhancing consumer experiences within the insurance industry.
Latest Patents
Among Yager's latest inventions, two noteworthy patents stand out. The first patent relates to the "Delivery of customized insurance products and services." This system and method enable the customization of insurance based on individual consumer preferences and attributes. An enhanced attributes analysis server analyzes these consumer attributes and matches them with those of existing customers to offer tailored insurance options. Additionally, this server further personalizes insurance based on specific consumer situations and insights from their social networks.
The second patent, titled "Connected home system with risk units," focuses on the monitoring and sensing of various home devices. This invention utilizes data received from sensors to determine insurance rates, premiums, discounts, and incentives. Aspects of this patent address the rapidly evolving smart home market, integrating computer hardware and software to enhance the consumer insurance experience.
Career Highlights
Floyd M Yager works at Allstate Insurance Company, where he contributes to the development of innovative insurance solutions. His work has had a profound impact on how insurance products are customized and delivered to consumers, leading to a more personalized approach in the industry.
Collaborations
Throughout his career, Yager has collaborated with notable figures such as Thomas J Wilson and Pablo Azar. These collaborations have fostered an environment of innovation and creativity, allowing for the development of forward-thinking insurance technology.
Conclusion
Floyd M Yager's inventive spirit and commitment to improving insurance technology through his 17 patents highlight his significant role in the industry. His work not only enhances consumer's experience but also positions Allstate Insurance Company as a leader in customizing insurance products and services for the modern consumer.
Inventor’s Patent Attorneys refers to legal professionals with specialized expertise in representing inventors throughout the patent process. These attorneys assist inventors in navigating the complexities of patent law, including filing patent applications, conducting patent searches, and protecting intellectual property rights. They play a crucial role in helping inventors secure patents for their innovative creations.