Patent Issued for Customizable Insurance System (USPTO 9183593)

By a News Reporter-Staff News Editor at Journal of Engineering -- Progressive Casualty Insurance Company (Mayfield Village, OH) has been issued patent number 9183593, according to news reporting originating out of Alexandria, Virginia, by VerticalNews editors.

The patent's inventors are Willis, Dale A. (Shaker Heights, OH); Rolnik, David L. (Beachwood, OH); Renwick, Glenn M. (Chagrin Falls, OH); Michael, Daniel (Parma, OH); Ling, Raymond S. (Westlake, OH); Gehrmann, Daniel (Highland Heights, OH); Chiang, Faith (Cleveland, OH); Callahan, Patrick K. (Macedonia, OH); Alfred, Toby K. (Orange, OH).

This patent was filed on April 17, 2013 and was published online on November 10, 2015.

From the background information supplied by the inventors, news correspondents obtained the following quote: "This application relates to insurance, and more particularly to customizing an insurance quote online.

"Insurance companies insure against risk in return for a premium. The companies may offer a limited number of policies that bind them to indemnify against specific losses. Many companies offer different types of coverage at different prices. These coverages are actuarially priced and these rates are typically filed with the Department of Insurance in a given state.

"While some minimum insurance coverage amount may be required by state regulations, many users must choose from quotes that also include various coverages in various limits or amounts. These users, when utilizing a self-service channel, may find it difficult to build or modify the coverages to suit their individual needs."

Supplementing the background information on this patent, VerticalNews reporters also obtained the inventors' summary information for this patent: "An automated insurance quote system allows users to request one or more insurance quotes through a self-service and/or agent-service communication channel. The system includes an interface that may receive applicant data from a remote location. A front-end processor selectively passes applicant data to a record keeping system retained in a memory. A controller or a quote processor selects and transmits one or more insurance quotes that are allowed under a user's government law or regulations and are tailored to the user's price and/or coverage preferences. The system conveys coverage details to users through the interface.

"Other systems, methods, features, and advantages of the invention will be, or will become, apparent to one with skill in the art upon examination of the following figures and detailed description. It is intended that all such additional systems, methods, features, and advantages be included within this description, be within the scope of the invention, and be protected by the following claims."

For the URL and additional information on this patent, see: Willis, Dale A.; Rolnik, David L.; Renwick, Glenn M.; Michael, Daniel; Ling, Raymond S.; Gehrmann, Daniel; Chiang, Faith; Callahan, Patrick K.; Alfred, Toby K.. Customizable Insurance System. U.S. Patent Number 9183593, filed April 17, 2013, and published online on November 10, 2015. Patent URL: 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=9183593.PN.&OS=PN/9183593RS=PN/9183593

Keywords for this news article include: Legal Issues, Progressive Casualty Insurance Company.

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