20130090954 | MISTAKEN CONVICTION INSURANCE PRODUCT AND RELATED SYSTEM AND METHODS - An insurance product is presented that may cover the risk of compensating an exoneree for damages resulting from mistaken conviction The mistaken conviction insurance product may include a coverage amount, a premium amount, and a trigger of coverage payout. The trigger of coverage payout may be the overturning of a mistaken conviction. The coverage amount may compensate the exoneree for damages such as injury and expenses resulting from incarceration. The premium amount may be calculated based on factors that may include coverage payout elections and triggering event likelihood. The insurance product may be of the liability policy type to cover the person or entity liable to an exoneree, or of a first-person type to cover an insured's risk of mistaken conviction. A business method for offering and issuing a mistaken conviction insurance policy, and a computer-based system for facilitating the same, are also disclosed. | 04-11-2013 |