Patents by Inventor Neale E. McCormick

Neale E. McCormick 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).

  • Methods for grid-based insurance rating
    Patent number: 8676613
    Abstract: A method for rating insurance products using a programmed computer system having steps including receiving a coordinate pair comprising a longitude and a latitude of a location; determining a target coordinate grid block by truncating a decimal representation of the longitude and latitude of the location; querying a database for a first set of existing data associated with the target coordinate grid block; setting a ring counter to an initial value; determining a current ring of coordinate grid blocks grid adjacent to and surrounding the target grid block; querying the database for a second set of existing data associated with each coordinate grid block in the current ring of coordinate grid blocks; and calculating a rating for an insurance product based on an analysis of the data.
    Type: Grant
    Filed: March 27, 2013
    Date of Patent: March 18, 2014
    Assignee: State Farm Mutual Automobile Insurance Company
    Inventors: Curt A. Stewart, Matthew T. Frank, Neale E. McCormick, Matthew W. Baughman, Rama Duvvuri
  • Systems and methods for grid-based insurance rating
    Patent number: 8504393
    Abstract: A method for rating insurance products using a programmed computer system comprising receiving a coordinate pair including a longitude and a latitude of a location; determining a target coordinate grid block bounded by latitude and longitude lines, wherein the target coordinate grid block encompasses the coordinate pair, querying a database for a target set of existing data associated with the target coordinate grid block, wherein the existing data was associated with the target coordinate grid block prior to receiving the coordinate pair, and calculating a pure premium based at least in part on analyzing the data in the target set.
    Type: Grant
    Filed: September 7, 2011
    Date of Patent: August 6, 2013
    Assignee: State Farm Mutual Automobile Insurance Company
    Inventors: Curt A. Stewart, Matthew T. Frank, Neale E. McCormick, Matthew W. Baughman, Ramakrishna Duvvuri
  • SYSTEMS AND METHODS FOR GRID-BASED INSURANCE RATING
    Publication number: 20120066005
    Abstract: A method for rating insurance products using a programmed computer system comprising receiving a coordinate pair including a longitude and a latitude of a location; determining a target coordinate grid block bounded by latitude and longitude lines, wherein the target coordinate grid block encompasses the coordinate pair, querying a database for a target set of existing data associated with the target coordinate grid block, wherein the existing data was associated with the target coordinate grid block prior to receiving the coordinate pair, and calculating a pure premium based at least in part on analyzing the data in the target set.
    Type: Application
    Filed: September 7, 2011
    Publication date: March 15, 2012
    Applicant: State Farm Mutual Automobile Insurance Company
    Inventors: Curt A. Stewart, Matthew T. Frank, Neale E. McCormick, Matthew W. Baughman, Ramakrishna Duvvuri