Patents by Inventor Gregory M. Barats

Gregory M. Barats 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: 8812331
    Abstract: In the present invention, an insurance product, rating system and method generally relates to a rating and pricing system for quantifying the risk that the annual savings will not fall below specified levels associated with implementing and maintaining economic improvements. Disclosed embodiments involve a credit enhancement system and method relating to the manner in which insuring a project savings floor (i.e., a minimum level of return on investment for a given improvement project) can be realized in a better credit rating for bonds or loans associated with the improvement project. The product, system and method can be applied to various industries, including, power generation, petro-chemical, manufacturing and refining facilities. Various embodiments disclosed herein relate to a system and method for establishing a rating system to determine the impact on an insured's credit risk.
    Type: Grant
    Filed: March 15, 2013
    Date of Patent: August 19, 2014
    Inventors: Richard B. Jones, Gregory M. Barats
  • Patent number: 8719059
    Abstract: In the present invention, an insurance product, rating system and method generally relates to a rating and pricing system for quantifying the risk that the annual savings will not fall below specified levels associated with implementing and maintaining economic improvements. The product, system and method can be applied to various industries, including, power generation, petro-chemical, manufacturing and refining facilities. Various embodiments disclosed herein relate to a system and method for insuring a minimum return on investment for an insured.
    Type: Grant
    Filed: April 27, 2012
    Date of Patent: May 6, 2014
    Assignee: Hartford Steam Boiler Inspection and Insurance Company
    Inventors: Richard B. Jones, Gregory M. Barats
  • Patent number: 8676610
    Abstract: In the present invention, an insurance product, rating system and method generally relates to a rating and pricing system for quantifying the risk that the annual savings will not fall below specified levels associated with implementing and maintaining economic improvements. The product, system and method can be applied to various industries, including, power generation, petro-chemical, manufacturing and refining facilities. Various embodiments disclosed herein relate to systems and products for providing a computer implemented insurance product.
    Type: Grant
    Filed: April 27, 2012
    Date of Patent: March 18, 2014
    Assignee: Hartford Steam Boiler Inspection and Insurance Company
    Inventors: Richard B. Jones, Gregory M. Barats
  • Patent number: 8595036
    Abstract: In the present invention, an insurance product, rating system and method generally relates to a rating and pricing system for quantifying the risk that the annual savings will not fall below specified levels associated with implementing and maintaining economic improvements. The product, system and method can be applied to various industries, including, power generation, petro-chemical, manufacturing and refining facilities. Various embodiments disclosed herein relate to a system and method for establishing a rating system to determine the impact on an insured's credit risk.
    Type: Grant
    Filed: April 27, 2012
    Date of Patent: November 26, 2013
    Assignee: Hartford Steam Boiler Inspection and Insurance Company
    Inventors: Richard B. Jones, Gregory M. Barats
  • Publication number: 20130290035
    Abstract: In the present invention, an insurance product, rating system and method generally relates to a rating and pricing system for quantifying the risk that the annual savings will not fall below specified levels associated with implementing and maintaining economic improvements. Disclosed embodiments involve a credit enhancement system and method relating to the manner in which insuring a project savings floor (i.e., a minimum level of return on investment for a given improvement project) can be realized in a better credit rating for bonds or loans associated with the improvement project. The product, system and method can be applied to various industries, including, power generation, petro-chemical, manufacturing and refining facilities. Various embodiments disclosed herein relate to a system and method for establishing a rating system to determine the impact on an insured's credit risk.
    Type: Application
    Filed: March 15, 2013
    Publication date: October 31, 2013
    Inventors: Richard B. JONES, Gregory M. BARATS
  • Patent number: 8554588
    Abstract: In the present invention, an insurance product, rating system and method generally relates to a rating and pricing system for quantifying the risk that the annual savings will not fall below specified levels associated with implementing and maintaining economic improvements. The product, system and method can be applied to various industries, including, power generation, petro-chemical, manufacturing and refining facilities. Various embodiments disclosed herein relate to systems and products for providing a computer implemented insurance product.
    Type: Grant
    Filed: April 27, 2012
    Date of Patent: October 8, 2013
    Assignee: Hartford Steam Boiler Inspection and Insurance Company
    Inventors: Richard M. Jones, Gregory M. Barats
  • Patent number: 8554589
    Abstract: In the present invention, an insurance product, rating system and method generally relates to a rating and pricing system for quantifying the risk that the annual savings will not fall below specified levels associated with implementing and maintaining economic improvements. The product, system and method can be applied to various industries, including, power generation, petro-chemical, manufacturing and refining facilities. Various embodiments disclosed herein relate to a method for pricing an insurance policy for insuring a minimum level of return on investment.
    Type: Grant
    Filed: April 27, 2012
    Date of Patent: October 8, 2013
    Assignee: Hartford Steam Boiler Inspection and Insurance Company
    Inventors: Richard B. Jones, Gregory M. Barats
  • Patent number: 8548833
    Abstract: In the present invention, an insurance product, rating system and method generally relates to a rating and pricing system for quantifying the risk that the annual savings will not fall below specified levels associated with implementing and maintaining economic improvements. The product, system and method can be applied to various industries, including, power generation, petro-chemical, manufacturing and refining facilities. Various embodiments disclosed herein relate to systems and methods for determining optimal risk acceptance values associated with implementing an economic improvement plan for a facility.
    Type: Grant
    Filed: April 27, 2012
    Date of Patent: October 1, 2013
    Assignee: Hartford Steam Boiler Inspection and Insurance Company
    Inventors: Richard B. Jones, Gregory M. Barats
  • Publication number: 20120278111
    Abstract: In the present invention, an insurance product, rating system and method generally relates to a rating and pricing system for quantifying the risk that the annual savings will not fall below specified levels associated with implementing and maintaining economic improvements. The product, system and method can be applied to various industries, including, power generation, petro-chemical, manufacturing and refining facilities. Various embodiments disclosed herein relate to a system and method for establishing a rating system to determine the impact on an insured's credit risk.
    Type: Application
    Filed: April 27, 2012
    Publication date: November 1, 2012
    Inventors: Richard B. Jones, Gregory M. Barats
  • Publication number: 20120278109
    Abstract: In the present invention, an insurance product, rating system and method generally relates to a rating and pricing system for quantifying the risk that the annual savings will not fall below specified levels associated with implementing and maintaining economic improvements. The product, system and method can be applied to various industries, including, power generation, petro-chemical, manufacturing and refining facilities. Various embodiments disclosed herein relate to systems and products for providing a computer implemented insurance product.
    Type: Application
    Filed: April 27, 2012
    Publication date: November 1, 2012
    Inventors: Richard B. Jones, Gregory M. Barats
  • Publication number: 20120278110
    Abstract: In the present invention, an insurance product, rating system and method generally relates to a rating and pricing system for quantifying the risk that the annual savings will not fall below specified levels associated with implementing and maintaining economic improvements. The product, system and method can be applied to various industries, including, power generation, petro-chemical, manufacturing and refining facilities. Various embodiments disclosed herein relate to systems and methods for determining optimal risk acceptance values associated with implementing an economic improvement plan for a facility.
    Type: Application
    Filed: April 27, 2012
    Publication date: November 1, 2012
    Inventors: Richard B. Jones, Gregory M. Barats
  • Publication number: 20120232938
    Abstract: In the present invention, an insurance product, rating system and method generally relates to a rating and pricing system for quantifying the risk that the annual savings will not fall below specified levels associated with implementing and maintaining economic improvements. The product, system and method can be applied to various industries, including, power generation, petro-chemical, manufacturing and refining facilities. Various embodiments disclosed herein relate to a method for pricing an insurance policy for insuring a minimum level of return on investment.
    Type: Application
    Filed: April 27, 2012
    Publication date: September 13, 2012
    Inventors: Richard B. Jones, Gregory M. Barats
  • Publication number: 20120215567
    Abstract: In the present invention, an insurance product, rating system and method generally relates to a rating and pricing system for quantifying the risk that the annual savings will not fall below specified levels associated with implementing and maintaining economic improvements. The product, system and method can be applied to various industries, including, power generation, petro-chemical, manufacturing and refining facilities. Various embodiments disclosed herein relate to a system and method for insuring a minimum return on investment for an insured.
    Type: Application
    Filed: April 27, 2012
    Publication date: August 23, 2012
    Inventors: Richard B. Jones, Gregory M. Barats
  • Publication number: 20120215566
    Abstract: In the present invention, an insurance product, rating system and method generally relates to a rating and pricing system for quantifying the risk that the annual savings will not fall below specified levels associated with implementing and maintaining economic improvements. The product, system and method can be applied to various industries, including, power generation, petro-chemical, manufacturing and refining facilities. Various embodiments disclosed herein relate to systems and products for providing a computer implemented insurance product.
    Type: Application
    Filed: April 27, 2012
    Publication date: August 23, 2012
    Inventors: Richard B. Jones, Gregory M. Barats
  • Patent number: 8195484
    Abstract: In the present invention, an insurance product, rating system and method generally relates to a rating and pricing system for quantifying the risk that the annual savings will not fall below specified levels associated with implementing and maintaining economic improvements. The product, system and method can be applied to various industries, including, power generation, petro-chemical, manufacturing and refining facilities. The present invention comprises an insurance product rating and pricing system designed for a relatively small number of insured annually or over a multi-year term with each insured having a relatively large exposure. These savings will produce additional benefits to the client in the form of enhanced creditworthiness and resulting increased availability of financing and reduced cost of financing.
    Type: Grant
    Filed: June 15, 2005
    Date of Patent: June 5, 2012
    Assignee: Hartford Steam Boiler Inspection and Insurance Company
    Inventors: Richard B. Jones, Gregory M. Barats