Patents by Inventor Jeffrey T May

Jeffrey T May 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).

  • Systems and methods for calculating seasonal insurance premiums
    Patent number: 10672082
    Abstract: Insurance premiums for seasonal products may be generated. The insurance premium may be calculated by determining a historic seasonal variation in aggregate risk to an insurer; determining a predicted seasonal variation in aggregate risk to the insurer; and generating a premium installment payment schedule. The predicted seasonal variation in aggregate risk to the insurer may be based on the historical seasonal variation in aggregate risk. The premium installment payment schedule may be based on the predicted seasonal variation in aggregate risk. The monthly insurance premium may vary throughout the year and be based on a seasonal predicted risk to an insurer.
    Type: Grant
    Filed: October 18, 2017
    Date of Patent: June 2, 2020
    Assignee: Allstate Insurance Company
    Inventors: Jeffrey T. May, Richard J. Taranda
  • Systems and methods for calculating seasonal insurance premiums
    Patent number: 9805422
    Abstract: Insurance premiums for seasonal products may be generated. The insurance premium may be calculated by determining a historic seasonal variation in aggregate risk to an insurer; determining a predicted seasonal variation in aggregate risk to the insurer; and generating a premium installment payment schedule. The predicted seasonal variation in aggregate risk to the insurer may be based on the historical seasonal variation in aggregate risk. The premium installment payment schedule may be based on the predicted seasonal variation in aggregate risk. The monthly insurance premium may vary throughout the year and be based on a seasonal predicted risk to an insurer.
    Type: Grant
    Filed: May 24, 2012
    Date of Patent: October 31, 2017
    Assignee: Allstate Insurance Company
    Inventors: Jeffrey T May, Richard J Taranda