Matthew W Baughman

Title: Innovations by Matthew W Baughman

Introduction

Matthew W Baughman is an accomplished inventor based in Normal, IL (US). He has made significant contributions to the field of insurance technology, particularly through his innovative methods for grid-based insurance rating. With a total of 2 patents, Baughman has demonstrated his expertise in developing systems that enhance the efficiency and accuracy of insurance product ratings.

Latest Patents

Baughman's latest patents include "Methods for grid-based insurance rating" and "Systems and methods for grid-based insurance rating." The first patent outlines a method for rating insurance products using a programmed computer system. This method involves receiving a coordinate pair that includes a longitude and latitude of a location, determining a target coordinate grid block, and querying a database for existing data associated with that grid block. The process continues with calculating a rating for an insurance product based on the analyzed data. The second patent similarly focuses on rating insurance products, emphasizing the importance of analyzing data in a target set associated with a specific coordinate grid block.

Career Highlights

Baughman is currently employed at State Farm Mutual Automobile Insurance Company, where he applies his innovative ideas to improve insurance rating processes. His work has contributed to the development of more accurate and efficient methods for assessing insurance products.

Collaborations

Baughman collaborates with notable colleagues, including Curt Stewart and Matthew T Frank. Their teamwork fosters an environment of innovation and creativity, leading to advancements in insurance technology.

Conclusion

Matthew W Baughman is a notable inventor whose work in grid-based insurance rating has made a significant impact in the insurance industry. His patents reflect a commitment to innovation and efficiency in insurance product assessment.