The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jul. 23, 2024
Filed:
Dec. 30, 2022
State Farm Mutual Automobile Insurance Company, Bloomington, IL (US);
Carlee A. Clymer, Atlanta, GA (US);
Gary Foreman, Bloomington, IL (US);
Ronald R. Duehr, Normal, IL (US);
Denson Smith, Niceville, FL (US);
Vincent M. Hummel, Roanoke, IL (US);
Bradley J Walder, Congerville, IL (US);
Chad Mychal Hirst, Eureka, IL (US);
Justin Devore, Atlanta, IL (US);
Shane Tomlinson, Bloomington, IL (US);
David A Pluimer, Zionsville, IN (US);
Pavan Kumar Bhagavatula, Normal, IL (US);
John Westhues, Normal, IL (US);
Tracey Leigh Knorr, Colfax, IL (US);
Erin E. Miller, Bloomington, IL (US);
Joshua T. Monk, Bloomington, IL (US);
Aaron Ames, Mesa, AZ (US);
John G. McConkey, Bloomington, IL (US);
Michael Cicilio Fresquez, Cumming, GA (US);
Himanshu Chhita, Lawrenceville, GA (US);
Jason Beckman, Bloomington, IL (US);
Douglas A. Graff, Mountain View, MO (US);
Michele Wittman, Bloomington, IL (US);
Alexis Cates, Sherman, IL (US);
Stephen Young, Cumming, GA (US);
Rajesh Panicker, Bloomington, IL (US);
Yohan Santos, Cumming, GA (US);
Stephen Wilson, LeRoy, IL (US);
Carrie A Read, Bloomington, IL (US);
Michael Brown, Normal, IL (US);
Robin A Rose, Normal, IL (US);
State Farm Mutual Automobile Insurance Company, Bloomington, IL (US);
Abstract
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.