Patents by Inventor Kenneth A. Horowitz
Kenneth A. Horowitz 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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Publication number: 20130024342Abstract: A computer implemented method and system for automatically setting prices of financial activities which culminate after a period of progressive development. The financial activities have a plurality of possible outcomes and include weather-related or other naturally occurring events as well as sporting events and sporting competitions. The method includes receiving a first request from a participant terminal to purchase a financial product for one of the possible outcomes, i; and electronically computing a price for the requested financial product, in response to the first request, based at least in part on a first formula. In one example, the financial products include contracts in a one-sided market of buyer participants where the outcomes are mutually exclusive and collectively exhaustive.Type: ApplicationFiled: July 13, 2012Publication date: January 24, 2013Inventors: Kenneth A. Horowitz, Alfredo L. Bequillard, Alexander P. Nyren, Philip E. Protter, Daniel S. Wilks
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Patent number: 8266042Abstract: A computer implemented method and system for automatically setting prices of financial products in a financial activity having a plurality of possible outcomes, includes receiving a first request from a participant terminal to purchase a financial product for one of the possible outcomes, i; and electronically computing a price for the requested financial product, in response to the first request, based at least in part on a first formula. Also included is a method for automatically updating the prices for all other outcomes, other than the outcome, i, based at least in part on a second formula. In one example, the financial products include contracts in a one-sided market of buyer participants where the outcomes are mutually exclusive and collectively exhaustive.Type: GrantFiled: August 6, 2008Date of Patent: September 11, 2012Assignee: Weather Risk Solutions, LLCInventors: Kenneth A. Horowitz, Alfredo L. Bequillard, Alexander P. Nyren, Philip Elliott Protter, Daniel S. Wilks
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Patent number: 8214274Abstract: A financial activity network includes a central managing system connected to a plurality of participant terminals. Rules governing operation of the financial activity are stored for future reference. A participant provides investment information such as a map location for the predicted strike by the natural event and, optionally, one or more secondary parameters relating to the natural event, such as the time interval between the time of investment and the time of an event strike and/or the severity of the event strike according to an established scale. In one example, an external objective independent information source is consulted, with the external objective independent information source providing monitoring, interpretation and derived determination of parameters pertaining to the natural event. Methods and articles of manufacture are also disclosed.Type: GrantFiled: February 8, 2010Date of Patent: July 3, 2012Assignee: Weather Risk Solutions, LLCInventor: Kenneth A. Horowitz
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Patent number: 8055563Abstract: A financial activity network includes a central managing system connected to a plurality of participant terminals. Rules governing operation of the financial activity are stored for future reference. A participant provides investment information such as a map location for the predicted strike by the natural event and, optionally, one or more secondary parameters relating to the natural event, such as the time interval between the time of investment and the time of all event strike and/or the severity of the event strike according to an established scale. In one example, an external objective independent information source is consulted, with the external objective independent information source providing monitoring, interpretation and derived determination of parameters pertaining to the natural event. Methods and articles of manufacture are also disclosed.Type: GrantFiled: July 17, 2009Date of Patent: November 8, 2011Assignee: Weather Risk Solutions, LLCInventor: Kenneth A. Horowitz
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Patent number: 7917421Abstract: A financial activity network includes a central managing system connected to a plurality of participant terminals. Rules governing operation of the financial activity are stored for future reference. A participant provides investment information using a map with user selectable portions, for identifying the predicted qualifying strike.Type: GrantFiled: August 28, 2009Date of Patent: March 29, 2011Assignee: Weather Risk Solutions LLCInventor: Kenneth A. Horowitz
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Patent number: 7917420Abstract: A graphical user interface for a financial activity network that includes a central managing system connected to a plurality of participant terminals. Rules governing operation of the financial activity are stored for future reference. A participant provides investment information such as a map location for the predicted strike by the natural event and, optionally, one or more secondary parameters relating to the natural event, such as the time interval between the time of investment and the time of all event strike and/or the severity of the event strike according to an established scale. The graphical user interface provides the user with the ability to select options and view data from a screen display, with recalculations of data being displayed on an ongoing basis, reflecting the user's current selections.Type: GrantFiled: July 31, 2009Date of Patent: March 29, 2011Assignee: Weather Risk Solutions LLCInventor: Kenneth A. Horowitz
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Patent number: 7783542Abstract: A financial activity network includes a central managing system connected to a plurality of participant terminals. Rules governing operation of the financial activity are stored for future reference. A participant provides investment information such as a map location for the predicted strike by the natural peril event and, optionally, one or more secondary parameters relating to the natural peril event, such as the time interval between the time of investment and the time of an event strike and/or the severity of the event strike according to an established scale. In one example, an external objective independent information source is consulted, with the external objective independent information source providing monitoring, interpretation and derived determination of parameters pertaining to the natural peril event. Methods and articles of manufacture are also disclosed.Type: GrantFiled: October 31, 2007Date of Patent: August 24, 2010Assignee: Weather Risk Solutions, LLCInventor: Kenneth A. Horowitz
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Patent number: 7783544Abstract: A graphical user interface for a financial activity network that includes a central managing system connected to a plurality of participant terminals. Rules governing operation of the financial activity are stored for future reference. A participant provides investment information such as a map location for the predicted strike by the natural event and, optionally, one or more secondary parameters relating to the natural event, such as the time interval between the time of investment and the time of all event strike and/or the severity of the event strike according to an established scale. The graphical user interface provides the user with the ability to select options and view data from a screen display, with recalculations of data being displayed on an ongoing basis, reflecting the user's current selections.Type: GrantFiled: October 31, 2007Date of Patent: August 24, 2010Assignee: Weather Risk Solutions, LLCInventor: Kenneth A. Horowitz
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Patent number: 7783543Abstract: A financial activity network includes a central managing system connected to a plurality of participant terminals. Rules governing operation of the financial activity are stored for future reference. A participant provides investment information such as a map location for the predicted strike by the natural peril event and, optionally, one or more secondary parameters relating to the natural peril event, such as the time interval between the time of investment and the time of an event strike and/or the severity of the event strike according to an established scale. In one example, an external objective independent information source is consulted, with the external objective independent information source providing monitoring, interpretation and derived determination of parameters pertaining to the natural peril event. Methods and articles of manufacture are also disclosed.Type: GrantFiled: October 31, 2007Date of Patent: August 24, 2010Assignee: Weather Risk Solutions, LLCInventor: Kenneth A. Horowitz
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Publication number: 20100153303Abstract: A financial activity network includes a central managing system connected to a plurality of participant terminals. Rules governing operation of the financial activity are stored for future reference. A participant provides investment information such as a map location for the predicted strike by the natural event and, optionally, one or more secondary parameters relating to the natural event, such as the time interval between the time of investment and the time of an event strike and/or the severity of the event strike according to an established scale. In one example, an external objective independent information source is consulted, with the external objective independent information source providing monitoring, interpretation and derived determination of parameters pertaining to the natural event. Methods and articles of manufacture are also disclosed.Type: ApplicationFiled: February 8, 2010Publication date: June 17, 2010Inventor: Kenneth A. Horowitz
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Patent number: 7693766Abstract: A financial activity network includes a central managing system connected to a plurality of participant terminals. Rules governing operation of the financial activity are stored for future reference. A participant provides investment information such as a map location for the predicted strike by the natural event and, optionally, one or more secondary parameters relating to the natural event, such as the time interval between the time of investment and the time of an event strike and/or the severity of the event strike according to an established scale. In one example, an external objective independent information source is consulted, with the external objective independent information source providing monitoring, interpretation and derived determination of parameters pertaining to the natural event. Methods and articles of manufacture are also disclosed.Type: GrantFiled: December 20, 2005Date of Patent: April 6, 2010Assignee: Weather Risk Solutions LLCInventor: Kenneth A. Horowitz
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Publication number: 20100042552Abstract: A graphical user interface for a financial activity network that includes a central managing system connected to a plurality of participant terminals. Rules governing operation of the financial activity are stored for future reference. A participant provides investment information such as a map location for the predicted strike by the natural event and, optionally, one or more secondary parameters relating to the natural event, such as the time interval between the time of investment and the time of all event strike and/or the severity of the event strike according to an established scale. The graphical user interface provides the user with the ability to select options and view data from a screen display, with recalculations of data being displayed on an ongoing basis, reflecting the user's current selections.Type: ApplicationFiled: July 31, 2009Publication date: February 18, 2010Inventor: Kenneth A. Horowitz
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Publication number: 20090327161Abstract: A financial activity network includes a central managing system connected to a plurality of participant terminals. Rules governing operation of the financial activity are stored for future reference. A participant provides investment information using a map with user selectable portions, for identifying the predicted qualifying strike.Type: ApplicationFiled: August 28, 2009Publication date: December 31, 2009Inventor: Kenneth A. Horowitz
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Publication number: 20090287612Abstract: A financial activity network includes a central managing system connected to a plurality of participant terminals. Rules governing operation of the financial activity are stored for future reference. A participant provides investment information such as a map location for the predicted strike by the natural event and, optionally, one or more secondary parameters relating to the natural event, such as the time interval between the time of investment and the time of all event strike and/or the severity of the event strike according to an established scale. In one example, an external objective independent information source is consulted, with the external objective independent information source providing monitoring, interpretation and derived determination of parameters pertaining to the natural event. Methods and articles of manufacture are also disclosed.Type: ApplicationFiled: July 17, 2009Publication date: November 19, 2009Inventor: Kenneth A. Horowitz
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Publication number: 20090259581Abstract: A computer implemented method and system for automatically setting prices of financial products in a financial activity having a plurality of possible outcomes, includes receiving a first request from a participant terminal to purchase a financial product for one of the possible outcomes, i; and electronically computing a price for the requested financial product, in response to the first request, based at least in part on a first formula.Type: ApplicationFiled: June 17, 2009Publication date: October 15, 2009Inventors: Kenneth A. Horowitz, Alfredo L. Bequillard, Alexander P. Nyren, Philip Elliot Protter, Daniel S. Wilks
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Patent number: 7593883Abstract: A graphical user interface for a financial activity network that includes a central managing system connected to a plurality of participant terminals. Rules governing operation of the financial activity are stored for future reference. A participant provides investment information such as a map location for the predicted strike by the natural event and, optionally, one or more secondary parameters relating to the natural event, such as the time interval between the time of investment and the time of all event strike and/or the severity of the event strike according to an established scale. Graphical user interfaces are described for such activities.Type: GrantFiled: August 24, 2007Date of Patent: September 22, 2009Assignee: Weather Risk Solutions, LLCInventor: Kenneth A. Horowitz
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Patent number: 7584133Abstract: A financial activity network includes a central managing system connected to a plurality of participant terminals. Rules governing operation of the financial activity are stored for future reference. A participant provides investment information such as a map location for the predicted strike by the natural event and, optionally, one or more secondary parameters relating to the natural event, such as the time interval between the time of investment and the time of all event strike and/or the severity of the event strike according to an established scale. In one example, an external objective independent information source is consulted, with the external objective independent information source providing monitoring, interpretation and derived determination of parameters pertaining to the natural event. Methods and articles of manufacture are also disclosed.Type: GrantFiled: December 20, 2005Date of Patent: September 1, 2009Assignee: Weather Risk Solutions LLCInventor: Kenneth A. Horowitz
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Patent number: 7584134Abstract: A graphical user interface for a financial activity network that includes a central managing system connected to a plurality of participant terminals. Rules governing operation of the financial activity are stored for future reference. A participant provides investment information such as a map location for the predicted strike by the natural event and, optionally, one or more secondary parameters relating to the natural event, such as the time interval between the time of investment and the time of all event strike and/or the severity of the event strike according to an established scale. The graphical user interface provides the user with the ability to select options and view data from a screen display, with recalculations of data being displayed on an ongoing basis, reflecting the user's current selections.Type: GrantFiled: September 14, 2007Date of Patent: September 1, 2009Assignee: Weather Risk Solutions, LLCInventor: Kenneth A. Horowitz
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Publication number: 20090024543Abstract: A computer implemented method and system for automatically setting prices of financial products in a financial activity having a plurality of possible outcomes, includes receiving a first request from a participant terminal to purchase a financial product for one of the possible outcomes, i; and electronically computing a price for the requested financial product, in response to the first request, based at least in part on a first formula. Also included is a method for automatically updating the prices for all other outcomes, other than the outcome, i, based at least in part on a second formula.Type: ApplicationFiled: August 6, 2008Publication date: January 22, 2009Inventors: Kenneth A. Horowitz, Alfredo L. Bequillard, Alexander P. Nyren, Philip Elliott Protter, Daniel S. Wilks
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Publication number: 20080133429Abstract: A financial activity network includes a central managing system connected to a plurality of participant terminals. Rules governing operation of the financial activity are stored for future reference. A participant provides investment information such as a map location for the predicted strike by the natural peril event and, optionally, one or more secondary parameters relating to the natural peril event, such as the time interval between the time of investment and the time of an event strike and/or the severity of the event strike according to an established scale. In one example, an external objective independent information source is consulted, with the external objective independent information source providing monitoring, interpretation and derived determination of parameters pertaining to the natural peril event. Methods and articles of manufacture are also disclosed.Type: ApplicationFiled: October 31, 2007Publication date: June 5, 2008Inventor: Kenneth A. Horowitz