Patents by Inventor Bruce Bradford Thomas

Bruce Bradford Thomas has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Patent number: 8271306
    Abstract: A method for marketing, underwriting, and providing coverage for damages that are associated with insured loss events but that are not covered by traditional insurance policies. This method permits the marketing of loss expense coverage, underwriting, and claim adjustment processes of insurance to be performed by reference to the loss payments that are made by a specified insurance policy. By referencing insured loss payments, which both a buyer and a seller understand, this method provides an easy way to communicate and transact something that is otherwise difficult or impossible to define or measure.
    Type: Grant
    Filed: December 2, 2010
    Date of Patent: September 18, 2012
    Inventors: Bruce Bradford Thomas, Lester Ware Preston
  • Patent number: 8219425
    Abstract: A method for marketing, underwriting, and adjusting damages that are associated with insured loss events but that are not covered by traditional insurance policies. This method permits the marketing of loss expense coverage, underwriting, and claim adjustment processes of insurance to be performed by reference to the loss payments that are made by a specified reinsurance policy. By referencing reinsurance loss payments, which both a buyer and a seller understand, this method provides an easy way to communicate and transact something that is otherwise difficult or impossible to define or measure.
    Type: Grant
    Filed: July 23, 2008
    Date of Patent: July 10, 2012
    Inventors: Bruce Bradford Thomas, Lester Ware Preston
  • Patent number: 8090636
    Abstract: A method for determining the theoretical value of a Model Option contract.
    Type: Grant
    Filed: July 30, 2008
    Date of Patent: January 3, 2012
    Inventors: Bruce Bradford Thomas, Billy Page Flake
  • Patent number: 7953616
    Abstract: A method for marketing, underwriting, and adjusting damages that are associated with insured loss events but that are not covered by traditional insurance policies. This method permits the marketing of loss expense coverage, underwriting, and claim adjustment processes of insurance to be performed by reference to the loss payments that are made by a specified insurance policy. By referencing insured loss payments, which both a buyer and a seller understand, this method provides an easy way to communicate and transact something that is otherwise difficult or impossible to define or measure.
    Type: Grant
    Filed: March 10, 2008
    Date of Patent: May 31, 2011
    Inventors: Bruce Bradford Thomas, Lester Ware Preston
  • Patent number: 7937279
    Abstract: A method for marketing and insuring damages that are associated with insured loss events but that are not covered by traditional insurance policies. This method permits the marketing of loss expense coverage, underwriting, and claim adjustment processes of insurance to be performed by reference to the loss payments that are made by a specified insurance policy. By referencing insured loss payments, which both a buyer and a seller understand, this method provides an easy way to communicate and transact something that is otherwise difficult or impossible to define or measure.
    Type: Grant
    Filed: April 28, 2008
    Date of Patent: May 3, 2011
    Inventors: Bruce Bradford Thomas, Lester Ware Preston
  • Publication number: 20110077978
    Abstract: A method for marketing, underwriting, and providing coverage for damages that are associated with insured loss events but that are not covered by traditional insurance policies. This method permits the marketing of loss expense coverage, underwriting, and claim adjustment processes of insurance to be performed by reference to the loss payments that are made by a specified insurance policy. By referencing insured loss payments, which both a buyer and a seller understand, this method provides an easy way to communicate and transact something that is otherwise difficult or impossible to define or measure.
    Type: Application
    Filed: December 2, 2010
    Publication date: March 31, 2011
    Inventors: Bruce Bradford Thomas, Lester Ware Preston
  • Patent number: 7908195
    Abstract: A computer implemented system for calculating a cash settlement price for a Model Option Contract, an option contract that confers a contractual right that enables the option holder to force delivery of a cash settlement price that is determined by using a settlement price determination methodology that is specified in the option contract which includes a description of an option pricing model and the input values that will be used to run the option pricing model and determine the contract's cash settlement price.
    Type: Grant
    Filed: May 5, 2010
    Date of Patent: March 15, 2011
    Inventor: Bruce Bradford Thomas
  • Publication number: 20100223174
    Abstract: A computer implemented system for calculating a cash settlement price for a Model Option Contract, an option contract that confers a contractual right that enables the option holder to force delivery of a cash settlement price that is determined by using a settlement price determination methodology that is specified in the option contract which includes a description of an option pricing model and the input values that will be used to run the option pricing model and determine the contract's cash settlement price.
    Type: Application
    Filed: May 5, 2010
    Publication date: September 2, 2010
    Inventor: Bruce Bradford Thomas
  • Publication number: 20100030600
    Abstract: A method for determining the theoretical value of a Model Option contract.
    Type: Application
    Filed: July 30, 2008
    Publication date: February 4, 2010
    Inventors: Bruce Bradford Thomas, Billy Page Flake
  • Publication number: 20090138392
    Abstract: A computer implemented system for calculating a settlement price for a Model Option contract, a new type of option that contains a settlement right at a price that is determined by a specified valuation methodology comprising an option pricing model and input values necessary to run the option pricing model.
    Type: Application
    Filed: January 20, 2009
    Publication date: May 28, 2009
    Inventor: Bruce Bradford Thomas
  • Publication number: 20080306779
    Abstract: A method for marketing, underwriting, and adjusting damages that are associated with insured loss events but that are not covered by traditional insurance policies. This method permits the marketing of loss expense coverage, underwriting, and claim adjustment processes of insurance to be performed by reference to the loss payments that are made by a specified reinsurance policy. By referencing reinsurance loss payments, which both a buyer and a seller understand, this method provides an easy way to communicate and transact something that is otherwise difficult or impossible to define or measure.
    Type: Application
    Filed: July 23, 2008
    Publication date: December 11, 2008
    Inventors: Bruce Bradford Thomas, Lester Ware Preston
  • Publication number: 20080208640
    Abstract: A method for marketing and insuring damages that are associated with insured loss events but that are not covered by traditional insurance policies. This method permits the marketing of loss expense coverage, underwriting, and claim adjustment processes of insurance to be performed by reference to the loss payments that are made by a specified insurance policy. By referencing insured loss payments, which both a buyer and a seller understand, this method provides an easy way to communicate and transact something that is otherwise difficult or impossible to define or measure.
    Type: Application
    Filed: April 28, 2008
    Publication date: August 28, 2008
    Inventors: Bruce Bradford Thomas, Lester Ware Preston
  • Publication number: 20080162195
    Abstract: A method for marketing, underwriting, and adjusting damages that are associated with insured loss events but that are not covered by traditional insurance policies. This method permits the marketing of loss expense coverage, underwriting, and claim adjustment processes of insurance to be performed by reference to the loss payments that are made by a specified insurance policy. By referencing insured loss payments, which both a buyer and a seller understand, this method provides an easy way to communicate and transact something that is otherwise difficult or impossible to define or measure.
    Type: Application
    Filed: March 10, 2008
    Publication date: July 3, 2008
    Inventors: Bruce Bradford Thomas, Lester Ware Preston
  • Publication number: 20040230460
    Abstract: A method for underwriting and adjusting loss experience based on the premiums paid for and the losses recovered from an insurance policy.
    Type: Application
    Filed: August 22, 2003
    Publication date: November 18, 2004
    Inventors: Bruce Bradford Thomas, Lester Ware Preston