Hartford Fire Insurance Assigned Patent for Method for Determination of Insurance Classification

ALEXANDRIA, Va., Dec. 2 -- Hartford Fire Insurance, Hartford, Connecticut, has been assigned a patent (9,830,663) developed by three co-inventors for a "system and method for determination of insurance classification and underwriting determination for entities." The co-inventors are Lucas Raymond Roberts, Blacksburg, Virginia, Shane Eric Barnes, Avon, Connecticut, and Peter T. Bothwell, Windsor, Connecticut. The abstract states: "Systems and methods are disclosed herein for determining an insurance evaluation based on an industrial classification. The system may be configured to receive search data relating to the entity seeking insurance coverage and query an interface of a third-party platform based on the search data. The system may then be configured to receive third-party platform interface data from the third-party platform, analyze the data to determine a web site address for a web page on the third-party platform relating to the entity, and retrieve third-party platform web site data from the web page on the third-party platform indicative of content related to the entity. The system may then output, based on the third-party platform interface data and web site data, first data indicative of at least one industrial classification associated with the entity."

The patent application was filed on May 6, 2014 (14/271,247). The full-text of the patent can be found at http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=9,830,663.PN.&OS=PN/9,830,663&RS=PN/9,830,663

Written by Deviprasad Jena; edited by Sudarshan Harpal.