Travelers Indemnity Assigned Patent

By Targeted News Service

ALEXANDRIA, Va., Aug. 22 -- Travelers Indemnity, Hartford, Conn., has been assigned a patent (8,515,788) developed by Joseph Tracy, Madison, Conn., Scott Cornell, Rochester, N.Y., and Lauren Berry, Canton, Conn., for "methods and systems for providing customized risk mitigation/recovery to an insurance customer."

The abstract of the patent published by the U.S. Patent and Trademark Office states: "A loss mitigation computer system includes a customer interface electronically receiving customer information data from a customer computer system via a communications network, a risk assessment computer processing module processing the customer information data and identifying at least one peril associated with the customer information data, a risk mitigation computer processing module generating at least one risk mitigation option based on the at least one peril and receiving customer selected risk mitigation options responsive to the generated at least one risk mitigation option from the customer computer system; and a customization computer processing module generating at least one of a calculated insurance premium, a current risk assessment, a future risk assessment, recommendations, and a gap analysis based on the received at least one customer selected risk mitigation option. Various alternative embodiments are also disclosed, including a computer implemented loss mitigation method and/or loss recovery system."

The patent application was filed on Sept. 7, 2010 (12/876,794). The full-text of the patent can be found at http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=8,515,788&OS=8,515,788&RS=8,515,788

Written by Satyaban Rath; edited by Hemanta Panigrahi.

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