Patents Assigned to Weather Risk Solutions LLC
  • Patent number: 8266042
    Abstract: A computer implemented method and system for automatically setting prices of financial products in a financial activity having a plurality of possible outcomes, includes receiving a first request from a participant terminal to purchase a financial product for one of the possible outcomes, i; and electronically computing a price for the requested financial product, in response to the first request, based at least in part on a first formula. Also included is a method for automatically updating the prices for all other outcomes, other than the outcome, i, based at least in part on a second formula. In one example, the financial products include contracts in a one-sided market of buyer participants where the outcomes are mutually exclusive and collectively exhaustive.
    Type: Grant
    Filed: August 6, 2008
    Date of Patent: September 11, 2012
    Assignee: Weather Risk Solutions, LLC
    Inventors: Kenneth A. Horowitz, Alfredo L. Bequillard, Alexander P. Nyren, Philip Elliott Protter, Daniel S. Wilks
  • Patent number: 8214274
    Abstract: A financial activity network includes a central managing system connected to a plurality of participant terminals. Rules governing operation of the financial activity are stored for future reference. A participant provides investment information such as a map location for the predicted strike by the natural event and, optionally, one or more secondary parameters relating to the natural event, such as the time interval between the time of investment and the time of an event strike and/or the severity of the event strike according to an established scale. In one example, an external objective independent information source is consulted, with the external objective independent information source providing monitoring, interpretation and derived determination of parameters pertaining to the natural event. Methods and articles of manufacture are also disclosed.
    Type: Grant
    Filed: February 8, 2010
    Date of Patent: July 3, 2012
    Assignee: Weather Risk Solutions, LLC
    Inventor: Kenneth A. Horowitz
  • Patent number: 8055563
    Abstract: A financial activity network includes a central managing system connected to a plurality of participant terminals. Rules governing operation of the financial activity are stored for future reference. A participant provides investment information such as a map location for the predicted strike by the natural event and, optionally, one or more secondary parameters relating to the natural event, such as the time interval between the time of investment and the time of all event strike and/or the severity of the event strike according to an established scale. In one example, an external objective independent information source is consulted, with the external objective independent information source providing monitoring, interpretation and derived determination of parameters pertaining to the natural event. Methods and articles of manufacture are also disclosed.
    Type: Grant
    Filed: July 17, 2009
    Date of Patent: November 8, 2011
    Assignee: Weather Risk Solutions, LLC
    Inventor: Kenneth A. Horowitz
  • Patent number: 7917421
    Abstract: A financial activity network includes a central managing system connected to a plurality of participant terminals. Rules governing operation of the financial activity are stored for future reference. A participant provides investment information using a map with user selectable portions, for identifying the predicted qualifying strike.
    Type: Grant
    Filed: August 28, 2009
    Date of Patent: March 29, 2011
    Assignee: Weather Risk Solutions LLC
    Inventor: Kenneth A. Horowitz
  • Patent number: 7917420
    Abstract: A graphical user interface for a financial activity network that includes a central managing system connected to a plurality of participant terminals. Rules governing operation of the financial activity are stored for future reference. A participant provides investment information such as a map location for the predicted strike by the natural event and, optionally, one or more secondary parameters relating to the natural event, such as the time interval between the time of investment and the time of all event strike and/or the severity of the event strike according to an established scale. The graphical user interface provides the user with the ability to select options and view data from a screen display, with recalculations of data being displayed on an ongoing basis, reflecting the user's current selections.
    Type: Grant
    Filed: July 31, 2009
    Date of Patent: March 29, 2011
    Assignee: Weather Risk Solutions LLC
    Inventor: Kenneth A. Horowitz
  • Patent number: 7783542
    Abstract: A financial activity network includes a central managing system connected to a plurality of participant terminals. Rules governing operation of the financial activity are stored for future reference. A participant provides investment information such as a map location for the predicted strike by the natural peril event and, optionally, one or more secondary parameters relating to the natural peril event, such as the time interval between the time of investment and the time of an event strike and/or the severity of the event strike according to an established scale. In one example, an external objective independent information source is consulted, with the external objective independent information source providing monitoring, interpretation and derived determination of parameters pertaining to the natural peril event. Methods and articles of manufacture are also disclosed.
    Type: Grant
    Filed: October 31, 2007
    Date of Patent: August 24, 2010
    Assignee: Weather Risk Solutions, LLC
    Inventor: Kenneth A. Horowitz
  • Patent number: 7783544
    Abstract: A graphical user interface for a financial activity network that includes a central managing system connected to a plurality of participant terminals. Rules governing operation of the financial activity are stored for future reference. A participant provides investment information such as a map location for the predicted strike by the natural event and, optionally, one or more secondary parameters relating to the natural event, such as the time interval between the time of investment and the time of all event strike and/or the severity of the event strike according to an established scale. The graphical user interface provides the user with the ability to select options and view data from a screen display, with recalculations of data being displayed on an ongoing basis, reflecting the user's current selections.
    Type: Grant
    Filed: October 31, 2007
    Date of Patent: August 24, 2010
    Assignee: Weather Risk Solutions, LLC
    Inventor: Kenneth A. Horowitz
  • Patent number: 7783543
    Abstract: A financial activity network includes a central managing system connected to a plurality of participant terminals. Rules governing operation of the financial activity are stored for future reference. A participant provides investment information such as a map location for the predicted strike by the natural peril event and, optionally, one or more secondary parameters relating to the natural peril event, such as the time interval between the time of investment and the time of an event strike and/or the severity of the event strike according to an established scale. In one example, an external objective independent information source is consulted, with the external objective independent information source providing monitoring, interpretation and derived determination of parameters pertaining to the natural peril event. Methods and articles of manufacture are also disclosed.
    Type: Grant
    Filed: October 31, 2007
    Date of Patent: August 24, 2010
    Assignee: Weather Risk Solutions, LLC
    Inventor: Kenneth A. Horowitz
  • Patent number: 7693766
    Abstract: A financial activity network includes a central managing system connected to a plurality of participant terminals. Rules governing operation of the financial activity are stored for future reference. A participant provides investment information such as a map location for the predicted strike by the natural event and, optionally, one or more secondary parameters relating to the natural event, such as the time interval between the time of investment and the time of an event strike and/or the severity of the event strike according to an established scale. In one example, an external objective independent information source is consulted, with the external objective independent information source providing monitoring, interpretation and derived determination of parameters pertaining to the natural event. Methods and articles of manufacture are also disclosed.
    Type: Grant
    Filed: December 20, 2005
    Date of Patent: April 6, 2010
    Assignee: Weather Risk Solutions LLC
    Inventor: Kenneth A. Horowitz
  • Patent number: 7593883
    Abstract: A graphical user interface for a financial activity network that includes a central managing system connected to a plurality of participant terminals. Rules governing operation of the financial activity are stored for future reference. A participant provides investment information such as a map location for the predicted strike by the natural event and, optionally, one or more secondary parameters relating to the natural event, such as the time interval between the time of investment and the time of all event strike and/or the severity of the event strike according to an established scale. Graphical user interfaces are described for such activities.
    Type: Grant
    Filed: August 24, 2007
    Date of Patent: September 22, 2009
    Assignee: Weather Risk Solutions, LLC
    Inventor: Kenneth A. Horowitz
  • Patent number: 7584134
    Abstract: A graphical user interface for a financial activity network that includes a central managing system connected to a plurality of participant terminals. Rules governing operation of the financial activity are stored for future reference. A participant provides investment information such as a map location for the predicted strike by the natural event and, optionally, one or more secondary parameters relating to the natural event, such as the time interval between the time of investment and the time of all event strike and/or the severity of the event strike according to an established scale. The graphical user interface provides the user with the ability to select options and view data from a screen display, with recalculations of data being displayed on an ongoing basis, reflecting the user's current selections.
    Type: Grant
    Filed: September 14, 2007
    Date of Patent: September 1, 2009
    Assignee: Weather Risk Solutions, LLC
    Inventor: Kenneth A. Horowitz
  • Patent number: 7584133
    Abstract: A financial activity network includes a central managing system connected to a plurality of participant terminals. Rules governing operation of the financial activity are stored for future reference. A participant provides investment information such as a map location for the predicted strike by the natural event and, optionally, one or more secondary parameters relating to the natural event, such as the time interval between the time of investment and the time of all event strike and/or the severity of the event strike according to an established scale. In one example, an external objective independent information source is consulted, with the external objective independent information source providing monitoring, interpretation and derived determination of parameters pertaining to the natural event. Methods and articles of manufacture are also disclosed.
    Type: Grant
    Filed: December 20, 2005
    Date of Patent: September 1, 2009
    Assignee: Weather Risk Solutions LLC
    Inventor: Kenneth A. Horowitz