Patent application number | Description | Published |
20110047168 | METHOD AND SYSTEM FOR CLASSIFYING DOCUMENTS - The invention provides a method and system for classifying insurance files for identification, sorting and efficient collection of subrogation claims. The invention determines whether an insurance claim has merit to warrant claim recovery efforts utilizing software code for partially describing a set of documents having unstructured and structured file data containing terms and phrases having contextual bases, code for transforming the terms and phrases, code for iterating a classification process to determine rules that best classify the set of documents based upon context, code for incorporating the rules into an induction and knowledge representation, thesauri taxonomies and text summarization to classify subrogation claims; code for calculating a base score and a concept vector to identify the selected claims that demonstrate a given probability of subrogation recovery. | 02-24-2011 |
20120029945 | System and Method for Estimating Loss Propensity of an Insured Vehicle and Providing Driving Information - A system and method for estimating loss propensity of a vehicle and providing driving information are provided. A loss propensity estimation server receives information from a telematics device installed in a vehicle, determines at least one loss cost area through which vehicle has traveled, and calculates a numeric loss cost factor based upon the at least one loss cost area relative to the amount of risk indicated by the vehicle's garaging loss cost. The numeric loss cost factor can be transmitted to an insurer for subsequent use by the insurer in underwriting or pricing a future insurance policy. A driving information database in the loss propensity estimation server stores driving information obtained from the telematics device installed in the vehicle, which can subsequently be transmitted to an insurer. | 02-02-2012 |
20120084103 | System and Method for Estimating Loss Costs and Propensity of an Insured Vehicle and Providing Driving Information - A system for estimating loss costs for a vehicle is provided. A server is provided in communication with a network, and electronically obtains location information over a period of time from a telematics device installed in a vehicle and transmitted to the server over the network. At least one driving territory is identified, through which the vehicle is driven. At least one garaging loss cost associated with the vehicle is identified, and the system calculates at least one level of exposure for the vehicle based upon the at least one driving territory through which the vehicle is driven. The at least one garaging loss cost and the at least one level of exposure are processed to calculate a driving loss cost for the vehicle, which can be transmitted to a third party in communication with the server over the network for subsequent use by the third party. | 04-05-2012 |
20130110843 | METHOD AND SYSTEM FOR CLASSIFYING DOCUMENTS | 05-02-2013 |
20130304519 | System and Method for Estimating Loss Propensity of an Insured Vehicle and Providing Driving Information - A system and method for estimating loss propensity of a vehicle and providing driving information are provided. A loss propensity estimation server receives information from a telematics device installed in a vehicle, determines at least one loss cost area through which vehicle has traveled, and calculates a numeric loss cost factor based upon the at least one loss cost area relative to the amount of risk indicated by the vehicle's garaging loss cost. The numeric loss cost factor can be transmitted to an insurer for subsequent use by the insurer in underwriting or pricing a future insurance policy. A driving information database in the loss propensity estimation server stores driving information obtained from the telematics device installed in the vehicle, which can subsequently be transmitted to an insurer. | 11-14-2013 |