Company Filing History:
Years Active: 2012-2013
Title: The Innovations of Richard Balboni
Introduction
Richard Balboni, an inventive mind based in Manchester, CT, has contributed significantly to the realm of insurance technology. With a total of three patents to his name, Balboni's work focuses on enhancing systems that process data related to multiple risks in the insurance industry.
Latest Patents
Balboni's most recent patents include innovative systems and methods for processing data related to insurance coverage. His patent titled "System and Method for Processing Data Related to Insurance Coverage for Multiple Risks" introduces a computer system that efficiently manages data associated with insurance coverage. This system includes a data storage device that holds crucial information such as the identity of the insured, maximum benefit amounts, and various categories of risks. It features a processor that, upon receiving a claim, can determine eligibility for benefits and provide appropriate output data indicative of the benefit amount allocated for each risk.
Another notable patent, "System and Method for Processing Data Related to Insurance Coverage for a Plurality of Risks," builds upon this foundation by outlining a framework for handling aggregate benefit amounts. This patent similarly includes detailed allocations for different health risk categories, ensuring comprehensive coverage and efficient claims processing.
Career Highlights
Richard Balboni is currently associated with Hartford Fire Insurance Company, where his expertise is harnessed to refine and innovate insurance processing systems. His contributions have led to advancements in how insurance companies manage risk and provide benefits, shaping the future landscape of the insurance industry.
Collaborations
Throughout his career, Balboni has collaborated with talented professionals in his field, including notable coworkers Katherine Read and Edward Jaworski. These collaborations have not only enhanced his innovative approaches but have also contributed to the development of more sophisticated insurance solutions.
Conclusion
In conclusion, Richard Balboni stands out as a pivotal figure in the advancement of insurance technology. His inventive spirit and dedication to improving data processing systems demonstrate the significant impact that one individual can have in enhancing industry standards and practices. With his ongoing work and patent contributions, Balboni continues to influence the insurance landscape positively.