Patents by Inventor Richard T. Raines
Richard T. Raines 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: 9697544Abstract: A system and method for generating information relating to a vehicle's history. In one embodiment, the method includes the steps of identifying records in a database, identifying a target record, identifying a trigger record, determining if the target record indicates an ownership transfer based on the identified trigger record, and generating a price adjustment for the vehicle at least partially based on the ownership transfer. In accordance with another aspect, a vehicle history information system is provided including a database having vehicle history records, a vehicle history report module adapted to retrieve vehicle history records, an ownership module adapted to identify a target record, identify a trigger record, and determine whether the target record indicates an ownership transfer based on the identified trigger record, and a pricing module adapted to generate a price adjustment for the vehicle at least partially based on the ownership transfer.Type: GrantFiled: March 23, 2015Date of Patent: July 4, 2017Assignee: Carfax, Inc.Inventors: Gerald A. Bayer, Richard T. Raines
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Publication number: 20150213559Abstract: An apparatus and method for underwriting and/or rating an insurance policy, and for generating information for underwriting and/or rating an insurance policy, are provided. The system and method may include identifying a vehicle, determining a value of at least one vehicle history data variable or a group of variables, and underwriting and/or rating the policy based on the value of the at least one vehicle history data variable or a group of variables. The system and method may also include generating a score based on the value of the at least one vehicle history data variable or group of variables.Type: ApplicationFiled: April 9, 2015Publication date: July 30, 2015Inventors: Richard T. Raines, Eric J. Nesson, David Allen Lackey, Travis Fritts, Ian Bush
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Publication number: 20140058956Abstract: System and method for computing price values associated with vehicle history attributes including a vehicle history database with vehicle history records, a transaction database, a vehicle history knowledge determination module adapted to determine whether a sale transaction related to a transaction record occurred with buyer's knowledge of the vehicle history attributes associated with the vehicle of the transaction record and to classify each transaction record based on whether buyer possessed knowledge of the vehicle history attributes, and a price adjustment module adapted to determine price values for the vehicle history attributes based on the vehicle history datasets and classification of the plurality of transaction records. In accordance with one aspect, the present invention may be implemented as a computer readable medium with instructions.Type: ApplicationFiled: October 28, 2013Publication date: February 27, 2014Applicant: Carfax, Inc.Inventors: Richard T. RAINES, Renan AYRAULT, Philip D. MOORE, Mark D. ANDRINGS
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Patent number: 8600823Abstract: System and method for computing price adjustment values associated with vehicle history attributes including a vehicle history database with vehicle history datasets, a transaction database, a vehicle history knowledge determination module adapted to determine whether a sale transaction related to a transaction record occurred with buyer's knowledge of the vehicle history attributes associated with the vehicle of the transaction record and to classify each transaction record based on whether buyer possessed knowledge of the vehicle history attributes, and a price adjustment module adapted to determine price adjustment values for the vehicle history attributes based on the vehicle history datasets and classification of the plurality of transaction records. In accordance with one aspect, the present invention may be implemented as a computer readable medium with instructions.Type: GrantFiled: August 19, 2009Date of Patent: December 3, 2013Assignee: Carfax, Inc.Inventors: Richard T. Raines, Renan Ayrault
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Patent number: 8595079Abstract: System and method for computing price values associated with vehicle history attributes including a vehicle history database with vehicle history records, a transaction database, a vehicle history knowledge determination module adapted to determine whether a sale transaction related to a transaction record occurred with buyer's knowledge of the vehicle history attributes associated with the vehicle of the transaction record and to classify each transaction record based on whether buyer possessed knowledge of the vehicle history attributes, and a price adjustment module adapted to determine price values for the vehicle history attributes based on the vehicle history datasets and classification of the plurality of transaction records. In accordance with one aspect, the present invention may be implemented as a computer readable medium with instructions.Type: GrantFiled: April 6, 2010Date of Patent: November 26, 2013Assignee: Carfax, Inc.Inventors: Richard T. Raines, Renan Ayrault, Philip D. Moore, Mark D. Andringa
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Patent number: 7778841Abstract: System and method for generating information relating to a vehicle's history. In one embodiment, the method includes the steps of identifying target records in a database, determining a total number of owners for each vehicle based on the target records, and displaying a listing of the vehicles including corresponding number of owners. A step of determining and displaying the ownership type may be provided. A vehicle history information system is also provided, including a database having vehicle history records, a vehicle history report module adapted to retrieve the vehicle history record, an ownership module adapted to determine the number of owners for the vehicles based on the vehicle history records, and a user interface module adapted to generate a listing of the vehicles and the number of owners. The system may be adapted to determine and display the ownership type.Type: GrantFiled: May 6, 2004Date of Patent: August 17, 2010Assignee: Carfax, Inc.Inventors: Gerald A. Bayer, Richard T. Raines
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Patent number: 7596512Abstract: System and method for computing price adjustment values associated with vehicle history attributes including a vehicle history database with vehicle history datasets, a transaction database, a vehicle history knowledge determination module adapted to determine whether a sale transaction related to a transaction record occurred with buyer's knowledge of the vehicle history attributes associated with the vehicle of the transaction record and to classify each transaction record based on whether buyer possessed knowledge of the vehicle history attributes, and a price adjustment module adapted to determine price adjustment values for the vehicle history attributes based on the vehicle history datasets and classification of the plurality of transaction records. In accordance with one aspect, the present invention may be implemented as a computer readable medium with instructions.Type: GrantFiled: November 26, 2003Date of Patent: September 29, 2009Assignee: Carfax, Inc.Inventors: Richard T. Raines, Renan Ayrault
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Patent number: 7505838Abstract: A vehicle history information system adapted to determine vehicle odometer rollback. In one embodiment, the system includes a vehicle history report module adapted to retrieve vehicle history records associated with a particular vehicle, at least two vehicle history records having associated date information, odometer reading, and data source information. The system further includes an odometer rollback determination module adapted to analyze the vehicle history records to determine a likelihood of an odometer rollback at least partially based on the data source information.Type: GrantFiled: July 11, 2005Date of Patent: March 17, 2009Assignee: Carfax, Inc.Inventors: Richard T. Raines, Steve Korman
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Patent number: 5975872Abstract: A rotary injection molding apparatus includes a stationary frame and a rotatable platform disposed on the frame. The apparatus includes a drive assembly for rotatably driving the platform. The drive assembly includes an indexing motor having a rotating portion that is directly and rigidly operably connected to the platform to define a one-to-one relation between rotation of the motor rotating portion and the platform. The apparatus includes a plurality of mold blocks located on the platform and injection means disposed above the platform for injecting a moldable material into the mold blocks. The apparatus includes a lift portion operably connected to the indexing motor and actuatable to raise and lower the rotatable platform relative to the injection means.Type: GrantFiled: February 23, 1998Date of Patent: November 2, 1999Assignee: Illinois Precision Corp.Inventors: Richard T. Raines, Michael J. Watkins