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:
Aug. 06, 2013
Filed:
Sep. 07, 2011
Curt A. Stewart, Bloomington, IL (US);
Matthew T. Frank, Bloomington, IL (US);
Neale E. Mccormick, Bloomington, IL (US);
Matthew W. Baughman, Normal, IL (US);
Ramakrishna Duvvuri, Bloomington, IL (US);
Curt A. Stewart, Bloomington, IL (US);
Matthew T. Frank, Bloomington, IL (US);
Neale E. McCormick, Bloomington, IL (US);
Matthew W. Baughman, Normal, IL (US);
Ramakrishna Duvvuri, Bloomington, IL (US);
State Farm Mutual Automobile Insurance Company, Bloomington, IL (US);
Abstract
A method for rating insurance products using a programmed computer system comprising receiving a coordinate pair including a longitude and a latitude of a location; determining a target coordinate grid block bounded by latitude and longitude lines, wherein the target coordinate grid block encompasses the coordinate pair, querying a database for a target set of existing data associated with the target coordinate grid block, wherein the existing data was associated with the target coordinate grid block prior to receiving the coordinate pair, and calculating a pure premium based at least in part on analyzing the data in the target set.