State Farm Mutual Automobile Insurance Assigned Patent for Generating Vehicle Insurance Policy Data

ALEXANDRIA, Va., Jan. 10 -- State Farm Mutual Automobile Insurance, Bloomington, Illinois, has been assigned a patent (9,865,020) developed by five co-inventors for "systems and methods for generating vehicle insurance policy data based on empirical vehicle related data." The co-inventors are Gregory Hayward, Bloomington, Illinois, Scott T. Christensen, Salem, Oregon, Christopher E. Gay, Dallas, Texas, Steven C. Cielocha, Bloomington, Illinois, and Todd Binion, Bloomington, Illinois. The abstract states: "The present disclosure generally relates to a computer implemented system and method for automatically generating insurance policy related data. The system and method may determine a vehicle operator and generate empirical vehicle operator identity data. The system and method may further acquire empirical vehicle operation data related to the actual vehicle operator, and correlate the empirical vehicle operator identity data and the empirical vehicle operation data to generate vehicle insurance policy related data. The system and method may further include processing one or more insurance options, including underwriting and pricing, based at least in part on the vehicle insurance policy related data."

The patent application was filed on Aug. 10, 2017 (15/674,067). 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=9,865,020.PN.&OS=PN/9,865,020&RS=PN/9,865,020

Written by Amal Ahmed; edited by Sudarshan Harpal.