Jeffrey Feid

Title: Innovator Jeffrey Feid: Pioneering Property Assessment Solutions

Introduction

Jeffrey Feid, based in Normal, Illinois, is a notable inventor recognized for his innovative contributions to property assessment technology. With a total of two patents to his name, he has significantly advanced the methods of assessing property loss, particularly in relation to roofing damage.

Latest Patents

Feid's latest patents focus on systems and methods for automating property assessments using probable roof loss confidence scores. These patents provide a sophisticated approach to predicting roof damage by utilizing various data points including building information, weather patterns, hail occurrences, and climatic conditions. His inventions not only predict the damage levels but also estimate the associated costs, effectively adjusting risk-related factors and policy parameters based on the resulting confidence scores.

Another significant patent related to his innovative work involves apparatuses and methods for mitigating property loss based on event-driven probable roof loss confidence scores. This technology emphasizes the generation of verified data that is crucial for property insurance underwriting and claim processing, showcasing his commitment to enhancing property insurance methodologies.

Career Highlights

Jeffrey Feid is currently associated with State Farm Mutual Automobile Insurance Company, a leader in the insurance sector. His work there has been pivotal, as he applies his inventive mindset to improve property assessment techniques and enhance customer service through technology.

Collaborations

In his pursuit of innovation, Feid collaborates with talented colleagues such as Joshua M. Mast and Douglas L. Dewey. Together, they contribute towards making property assessments more efficient and reliable, leveraging their combined expertise to push the boundaries of what is possible in property insurance and assessment technology.

Conclusion

Through his innovative patents and work at State Farm Mutual Automobile Insurance Company, Jeffrey Feid exemplifies the spirit of invention in the realm of property assessment. His contributions continue to shape how the insurance industry approaches risk management and property loss evaluation, ultimately benefiting homeowners and insurance providers alike.