Patents by Inventor Michael Frederick Weitermann

Michael Frederick Weitermann 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).

  • Randomized competitive insurance pricing system and method
    Patent number: 7483840
    Abstract: A system and method of generating insurance risk samples and for comparing hypothetical and real insurance premiums of different insurance companies is disclosed. In some embodiments, one or more rating factors are defined and have a plurality of possible values at least partially defining an insurance risk. By generating random numbers that are used to select the values of these parameters, a user can generate sample risks, calculate sample premiums for the risks, and/or compare sample premiums for different types of insurance policies.
    Type: Grant
    Filed: August 23, 2002
    Date of Patent: January 27, 2009
    Assignee: Atera /Solutions LLC
    Inventors: Michael Frederick Weitermann, Lisa Marie Mrochinski