Patents Assigned to RISK
  • Patent number: 8423388
    Abstract: A memory device stores machine-readable instructions executable by a processor to cause the processor to graphically depict on a display device a first category of risk analysis data related to a plurality of insurance claims. The processor also causes the display to graphically depict a relationship between a first analysis result and a first benchmark value corresponding to the first analysis result, and graphically depict one or more user controls for selecting a second category of risk analysis data.
    Type: Grant
    Filed: January 17, 2012
    Date of Patent: April 16, 2013
    Assignee: AON Global Risk Research Limited
    Inventors: Larry J. Galusha, Kathleen Burns, Carol A. Ungaretti
  • Publication number: 20130085769
    Abstract: This invention uses non-parametric statistical measures and probability mathematical techniques to calculate deviations of variable values, on both the high and low side of a data distribution, from the midpoint of the data distribution. It transforms the data values and then combines all of the individual variable values into a single scalar value that is a “good-ness” score. This “good-ness” behavior score model characterizes “normal” or typical behavior, rather than predicting fraudulent, abusive, or “bad”, behavior. The “good” score is a measure of how likely it is that the subject's behavior characteristics are from a population representing a “good” or “normal” provider, claim, beneficiary or healthcare merchant behavior. The “good” score can replace or compliment a score model that predicts “bad” behavior in order to reduce false positive rates. The optimal risk management prevention program should include both a “good” behavior score model and a “bad” behavior score model.
    Type: Application
    Filed: September 14, 2012
    Publication date: April 4, 2013
    Applicant: RISK MANAGEMENT SOLUTIONS LLC
    Inventors: Allen Jost, Rudolph John Freese, Walter Allan Klindworth
  • Patent number: 8407128
    Abstract: An exemplary method may comprise forecasting a foreign exchange exposure for first and second periods of time, hedging risk based on the forecasts of the foreign exchange exposure, the hedging based on the forecasts of the foreign exchange exposure for the first and second periods of time, wherein hedging is performed utilizing currency contracts with a single maturity date in a single month, retrieving information in real-time from a database of foreign currency contracts to confirm that the risk has been hedged, hedging changes in foreign exchange exposure that result from changes in the forecast of the foreign exchange exposure for the second period of time, wherein the hedging is performed utilizing currency contracts with the single maturity date in the single month, and displaying a comparison of results of hedging with results of accounting from enterprise resource planning (ERP) system.
    Type: Grant
    Filed: April 8, 2011
    Date of Patent: March 26, 2013
    Assignee: Atlas Risk Advisory Ltd
    Inventor: Jono Tunney
  • Publication number: 20130066600
    Abstract: A method of real-time line rating of a transmission line includes receiving, by a processor, real time transmission line conductor measurements of a transmission line having a plurality of conductor line segments from at least one real time line monitoring device. The processor generates a prediction model for at least one of the plurality of conductor line segments. Parameters of the at least one conductor line segment are predicted by the processor using the received transmission line conductor measurements and the prediction model and conductor locations of the at least one conductor line segment are simulated within a transmission line model based on the predicted parameters. The processor compares the conductor locations to one or more objects within the transmission line model determines conductor clearance distances between the simulated conductor locations and the one or more objects within the transmission line model.
    Type: Application
    Filed: August 31, 2012
    Publication date: March 14, 2013
    Applicant: Utility Risk Management Corporation, LLC
    Inventors: Adam Robert Rousselle, Vesa Johannes Leppanen, Kevin Brzys
  • Patent number: 8380545
    Abstract: A system and method are provided for identifying exposure concentrations. The process of determining exposure concentrations may include organizing exposure data, defining parameters, determining elevated exposure concentrations, and providing output results. The exposure data may relate to at least geographical locations, policies, accounts, portfolios, treaties, and other exposure data. The parameters may be defined to include at least an area of analysis, a region of interest, a threshold amount, results parameters, and other parameters. The exposure concentration may include at least defining and locating exposure locations using various techniques. The results may be presented using textual, graphical, or other display schemes. The output may be configured to convey information such as positional accuracy of an identified area, exposure accumulation in a defined area, and other information.
    Type: Grant
    Filed: April 20, 2010
    Date of Patent: February 19, 2013
    Assignee: Risk Management Solutions, Inc.
    Inventors: Han Chen, Weimin Dong, Andrew Coburn
  • Patent number: 8374821
    Abstract: A method and apparatus are provided to acquire direct thermal measurements, for example, from a LiDAR collecting vehicle or air vessel, of an overhead electrical conductor substantially simultaneous with collection of 3-dimensional location data of the conductor, and utilize temperature information derived from the direct thermal measurements in line modeling, line rating, thermal line analysis, clearance analysis, and/or vegetation management.
    Type: Grant
    Filed: August 18, 2011
    Date of Patent: February 12, 2013
    Assignee: Utility Risk Management Corporation, LLC
    Inventors: Adam Robert Rousselle, Vesa Johannes Lepppanen, Kevin Brzys, Hugh Andrew Clymer, Dawn Marie Smith
  • Patent number: 8352410
    Abstract: A method for estimating vegetation growth relative to an object of interest is disclosed. A target vegetation is identified from a second sensing dataset. A corresponding target vegetation is identified in a first sensing dataset, the first sensing dataset collected at a time before the second sensing dataset. A first statistic is attributed to the corresponding target vegetation based on a distance of one or more points of the corresponding target vegetation in the first sensing dataset relative to the object of interest. A second statistic is attributed to the target vegetation based on a distance of one or more points of the target vegetation in the second sensing dataset relative to the object of interest. An encroachment rate is determined from a comparison of the first statistic and the second statistic.
    Type: Grant
    Filed: December 17, 2009
    Date of Patent: January 8, 2013
    Assignee: Utility Risk Management Corporation, LLC
    Inventors: Adam Robert Rousselle, Vesa Johannes Leppanen, Alan John DeJong, Hugh Andrew Clymer, Brian James Cormican
  • Publication number: 20120296694
    Abstract: Risk information portal systems and methods are provided. The portal allows business managers and others to track, organize and review risks. One or more social media news feeds may provide risk information that is found from social media sources. The portal may also provide research tools and interactive tools to locate industry pricing information. A risk maturity index tool also allows users to obtain a risk maturity score.
    Type: Application
    Filed: October 28, 2011
    Publication date: November 22, 2012
    Applicant: Aon Global Risk Research Limited
    Inventors: Steve McGill, Stephen Cross, Constantin Beier, Hans H. van Heukelum, Kathleen M. Burns
  • Publication number: 20120296693
    Abstract: Risk information portal systems and methods are provided. The portal allows business managers and others to track, organize and review risks. One or more social media news feeds may provide risk information that is found from social media sources. The portal may also provide research tools and interactive tools to locate industry pricing information. A risk maturity index tool also allows users to obtain a risk maturity score.
    Type: Application
    Filed: October 28, 2011
    Publication date: November 22, 2012
    Applicant: AON GLOBAL RISK RESEARCH LIMITED
    Inventors: Steve McGill, Stephen Cross, Jason Disborough, Hans H. van Heukelum, Kathleen M. Burns
  • Publication number: 20120296695
    Abstract: Risk information portal systems and methods are provided. The portal allows business managers and others to track, organize and review risks. One or more social media news feeds may provide risk information that is found from social media sources. The portal may also provide research tools and interactive tools to locate industry pricing information. A risk maturity index tool also allows users to obtain a risk maturity score.
    Type: Application
    Filed: October 28, 2011
    Publication date: November 22, 2012
    Applicant: Aon Global Risk Research Limited
    Inventors: Steve McGill, Stephen Cross, Theresa Bourdon, Charles Michael Joiner, JR., Hans H. van Heukelum
  • Patent number: 8316047
    Abstract: Disclosed is a system for, and method of, determining whether records and entity representations should be linked. The system and method include assigning to each pair of entity references a match value reflecting the likelihood that the entity references are related. Based on the match values, each entity reference may then associated with a preferred entity reference. Pairs of entity references that are mutually preferred may then be identified and linked. The process may be iterated to generate further links.
    Type: Grant
    Filed: April 24, 2009
    Date of Patent: November 20, 2012
    Assignee: LexisNexis Risk Solutions FL Inc.
    Inventor: David Alan Bayliss
  • Publication number: 20120290585
    Abstract: Disclosed are systems for, and methods of, automatically detecting and treating field values of a particular field as null field values in records of a database. The system and method provide automatic treatment of these field values as null field values by calculating a critical frequency for the field. Based on the critical frequency of the field, the system and method treats field values that occur more than the critical frequency of the field as null field values and treats field values that occur less than the critical frequency as non-null field values.
    Type: Application
    Filed: June 5, 2012
    Publication date: November 15, 2012
    Applicant: LexisNexis Risk & Information Analytics Group Inc.
    Inventor: David Alan BAYLISS
  • Publication number: 20120290334
    Abstract: A variable resolution grid provides a mechanism for focusing specific concentrations of risk exposure on a geographical grid to determine projected loss caused by a particular catastrophe. The geographic grid provides a stable base map by using latitudes and longitudes to define the grid points and cells. Each cell is assigned a geographic identifier or geocode that identifies the location of the cell and its associated resolution. The resolution of the grid may be varied depending in part, on the resolution of any available of hazard data.
    Type: Application
    Filed: July 23, 2012
    Publication date: November 15, 2012
    Applicant: Risk Management Solutions, Inc.
    Inventors: David Carttar, Mohan Sharma, Surya Gunturi, Robert Muir-Wood, Pane Stojanovski
  • Publication number: 20120284072
    Abstract: Risk Analytics Management—Integrated Process (“RAM-IP”), a computerized method for project optimization, process control and performance management based on a risk management framework. A project comprises a plurality of risk sources, e.g., nine, that are managed from Day One by establishing a plurality of risk streams, e.g., 32, that break down the risk at each source. Each risk stream is divided into a plurality of risk control steps, each of which is assigned a risk owner who works with various information inputs to manage a set of control deliverables and to control risk at each source. The project timeline is based on a sequence of critical milestones connected to completion of such control steps, all based on risk assessment and control. Technical, financial and process governance are process integrated. In a complex project, there may be thousands of control deliverables, requiring a software basis for continuous tracking, coordination, and updating.
    Type: Application
    Filed: April 10, 2012
    Publication date: November 8, 2012
    Applicant: Project Risk Analytics, LLC
    Inventors: Salvatore Mazzeo, Elena Kit-Ying Keung-Lee
  • Publication number: 20120284260
    Abstract: Disclosed is a system for, and method of, searching for and identifying an entity representation. Some embodiments permit search criteria that are internally inconsistent. Such internally inconsistent criteria may include, for example, a maiden last name and a married last name. Certain embodiments account for such criteria in an intelligent manner and identify matching entity representations with a known confidence level of accuracy.
    Type: Application
    Filed: July 18, 2012
    Publication date: November 8, 2012
    Applicant: LexisNexis Risk & Information Analytics Group Inc.
    Inventor: David Alan Bayliss
  • Publication number: 20120278340
    Abstract: Disclosed are a system for, and method of, determining whether records correspond to the same individual. The system and method provide such a determination with a known minimum level of confidence. That is, the system and method provide an indication that records correspond to the same individual along with an associated confidence level. The system and method may be used to link records in a database that correspond to the same individuals, creating entity representations in the database.
    Type: Application
    Filed: July 11, 2012
    Publication date: November 1, 2012
    Applicant: LexisNexis Risk & Information Analytics Group Inc.
    Inventor: David Alan Bayliss
  • Patent number: 8290914
    Abstract: Disclosed is a system for, and method of, determining whether records and entity representations should be delinked. The system and method need no human interaction in order to calculate internal match scores by considering data associated with an entity representation and external match scores by considering data external to the entity representation. The system and method uses the internal match scores and external match scores to make the delinking decisions.
    Type: Grant
    Filed: September 1, 2010
    Date of Patent: October 16, 2012
    Assignee: LexisNexis Risk Data Management, Inc.
    Inventor: David Alan Bayliss
  • Patent number: 8285725
    Abstract: Disclosed is a system for, and method of, identifying a universal entity representation in an electronic universal database that corresponds to a foreign entity representation in an electronic foreign database, each entity representation including a plurality of linked records, each record including a plurality of fields, each field capable of containing a field value, each field value associated with a field value weight.
    Type: Grant
    Filed: July 2, 2009
    Date of Patent: October 9, 2012
    Assignee: LexisNexis Risk & Information Analytics Group Inc.
    Inventor: David Alan Bayliss
  • Patent number: 8275770
    Abstract: Field probabilities associated with fields in a database may be used to create one or more blocking criteria. The blocking criteria may be a set of fields that should be equal among two or more records in a database, so that a search of the records in the database according to the blocking criteria yields a subset of records approximately equal to or less than the specified maximum block size. Generic blocking criteria may also be created. The generic blocking criteria may be used for a batch comparison or batch linking operation within the records of the database.
    Type: Grant
    Filed: April 24, 2009
    Date of Patent: September 25, 2012
    Assignee: LexisNexis Risk & Information Analytics Group Inc.
    Inventor: David Alan Bayliss
  • Patent number: 8275570
    Abstract: A method for modeling of an overhead electrical conductor, includes: collecting 3-dimensional location data of the conductor; substantially simultaneous with said collecting, acquiring a thermal measurement of the conductor with a local thermal sensor; and generating a CAD model of the conductor using the collected 3-dimensional location data of the conductor and the thermal measurement of the conductor. The CAD model facilitates thermal line analysis of the conductor, thermal rating of a power line that includes the conductor, clearance analysis relative to the conductor, and vegetation management relative to the conductor.
    Type: Grant
    Filed: August 18, 2011
    Date of Patent: September 25, 2012
    Assignee: Utility Risk Management Corporation, LLC
    Inventor: Adam Robert Rousselle