Apparatuses, Systems and Methods for Mitigating Property Loss Based on an Event Driven Probable Roof Loss Confidence Score - Insurance News | InsuranceNewsNet

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November 2, 2022 Newswires
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Apparatuses, Systems and Methods for Mitigating Property Loss Based on an Event Driven Probable Roof Loss Confidence Score

Targeted News Service (Patent Abstracts)

ALEXANDRIA, Virginia, Nov. 1 -- STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY, Bloomington, Illinois has been assigned a patent (No. US 11488255 B1, initially filed Aug. 3, 2020) developed by four inventors Joshua M. Mast, Bloomington, Illinois; Douglas L. Dewey, Bloomington, Illinois; Todd Binion, Bloomington, Illinois; and Jeffrey Feid, Normal, Illinois, for "Apparatuses, systems and methods for mitigating property loss based on an event driven probable roof loss confidence score."

Apparatuses, systems and methods are provided for generating a base-line probable roof loss confidence score. More particularly, apparatuses, systems and methods are provided for generating a base-line probable roof loss confidence score based on hail data. The apparatuses, systems and methods may generate a probable roof loss confidence score. The apparatuses, systems and methods may generate verified probable roof loss confidence score data. The apparatuses, systems and methods may generate property insurance underwriting data based on probable roof loss confidence score data. The apparatuses, systems and methods may generate property insurance claims data based on probable roof loss confidence score data. The apparatuses, systems and methods may generate property insurance loss mitigation data based on probable roof loss confidence score data.

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