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).
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Patent number: 8812331Abstract: 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: GrantFiled: March 15, 2013Date of Patent: August 19, 2014Inventors: Richard B. Jones, Gregory M. Barats
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Patent number: 8719059Abstract: 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: GrantFiled: April 27, 2012Date of Patent: May 6, 2014Assignee: Hartford Steam Boiler Inspection and Insurance CompanyInventors: Richard B. Jones, Gregory M. Barats
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Patent number: 8676610Abstract: 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: GrantFiled: April 27, 2012Date of Patent: March 18, 2014Assignee: Hartford Steam Boiler Inspection and Insurance CompanyInventors: Richard B. Jones, Gregory M. Barats
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Patent number: 8595036Abstract: 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: GrantFiled: April 27, 2012Date of Patent: November 26, 2013Assignee: Hartford Steam Boiler Inspection and Insurance CompanyInventors: Richard B. Jones, Gregory M. Barats
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Publication number: 20130290035Abstract: 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: ApplicationFiled: March 15, 2013Publication date: October 31, 2013Inventors: Richard B. JONES, Gregory M. BARATS
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Patent number: 8554588Abstract: 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: GrantFiled: April 27, 2012Date of Patent: October 8, 2013Assignee: Hartford Steam Boiler Inspection and Insurance CompanyInventors: Richard M. Jones, Gregory M. Barats
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Patent number: 8554589Abstract: 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: GrantFiled: April 27, 2012Date of Patent: October 8, 2013Assignee: Hartford Steam Boiler Inspection and Insurance CompanyInventors: Richard B. Jones, Gregory M. Barats
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Patent number: 8548833Abstract: 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: GrantFiled: April 27, 2012Date of Patent: October 1, 2013Assignee: Hartford Steam Boiler Inspection and Insurance CompanyInventors: Richard B. Jones, Gregory M. Barats
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Publication number: 20120278111Abstract: 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: ApplicationFiled: April 27, 2012Publication date: November 1, 2012Inventors: Richard B. Jones, Gregory M. Barats
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Publication number: 20120278109Abstract: 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: ApplicationFiled: April 27, 2012Publication date: November 1, 2012Inventors: Richard B. Jones, Gregory M. Barats
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Publication number: 20120278110Abstract: 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: ApplicationFiled: April 27, 2012Publication date: November 1, 2012Inventors: Richard B. Jones, Gregory M. Barats
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Publication number: 20120232938Abstract: 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: ApplicationFiled: April 27, 2012Publication date: September 13, 2012Inventors: Richard B. Jones, Gregory M. Barats
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Publication number: 20120215567Abstract: 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: ApplicationFiled: April 27, 2012Publication date: August 23, 2012Inventors: Richard B. Jones, Gregory M. Barats
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Publication number: 20120215566Abstract: 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: ApplicationFiled: April 27, 2012Publication date: August 23, 2012Inventors: Richard B. Jones, Gregory M. Barats
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Patent number: 8195484Abstract: 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: GrantFiled: June 15, 2005Date of Patent: June 5, 2012Assignee: Hartford Steam Boiler Inspection and Insurance CompanyInventors: Richard B. Jones, Gregory M. Barats