Carfax, Inc. announced that the United States Patent and Trademark Office (USPTO) has published a Notice of Allowance for U.S. Patent Application Serial Number 13/181,736 titled "System and Method for Insurance Underwriting and Rating" and for U.S. Patent Application Serial Number 13/181,739 also titled "System and Method for Insurance Underwriting and Rating".
According to a release on July 20, a Notice of Allowance is issued after the USPTO makes a determination that a patent can be granted from an application. The issued patents would cover a system and method in which insurance underwriting and rating are based on vehicle history attributes.
"The issuance of these Notices of Allowance to Carfax cements our position as the leader in development of vehicle history based products and services," stated David Lackey, General Manager of Carfax Banking & Insurance Group. "These patent applications are part of our ongoing efforts to provide cutting edge services to the insurance industry."
Carfax is a company focusing on vehicle history databases
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