State Farm Mutual Automobile Insurance Company

Joshua T Monk

Douglas Albert Graff

Ronald R Duehr

Justin Devore

Shane Tomlinson

Gary Foreman

Jason Beckman

John Westhues

Carlee A Clymer

Stephen E Wilson

Bradley J Walder

Yohan Santos

Vincent M Hummel

Michael Cicilio Fresquez

Himanshu Chhita

Michele Wittman

Alexis Danielle Cates

Stephen Young

Chad Mychal Hirst

Rajesh Panicker

David A Pluimer

Carrie A Read

Michael Brown

Tracey Leigh Knorr

Robin A Rose

Erin E Miller

Aaron Ames

Pavan Kumar Bhagavatula

Denson Smith

John G McConkey

A method of identifying a vehicle total loss claim includes retrieving a plurality of historical vehicle records, labeling the records as repaired or total loss, calculating mean cost values, training a regression model, optimizing a probability threshold, analyzing a plurality of inputs to generate a prediction, and transmitting the prediction. A computing system includes a transceiver; a processor; and a memory storing instructions that, when executed by the processor, cause the computing system to receive answers, transmit the answers, receive a prediction, when the prediction is repairable, generate a repair suggestion, and when the prediction is total loss, generate a settlement offer. A non-transitory computer readable medium containing program instructions that when executed, cause a computer to receive answers, transmit the answers, receive a prediction, when the prediction is repairable, generate a repair suggestion, and when prediction is total loss, generate a settlement offer.

Method and system for early identification and settlement of total loss claims

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Bloomington, IL, United States of America

Joshua T Monk