Patents Assigned to E-COMM CONNECT, LLC
  • Publication number: 20040103003
    Abstract: Method and system for bundling a weather-related risk management product to the trading of commodities, such as agriculture, food, electricity, natural gas, oil and other products being traded through independent electronic commerce exchanges including business-to-consumer, business-to-business and traditional established commodity exchanges. A weather-related insurance product is created for a commodity which will specify the weather-related risk premium and compensation to be paid if certain defined events occur. The exchange offers the insurance product to its members, and for those that purchase the insurance product, a premium is added to the cost for each transaction in which the member is a party. By bundling a weather-related insurance product together with each trade or transaction, the weather-related risk premium is incorporated as an added transaction cost at the time the trade is confirmed.
    Type: Application
    Filed: November 22, 2002
    Publication date: May 27, 2004
    Applicant: E-COMM CONNECT, LLC
    Inventors: Mark M. Mayers, David M. Fromer