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).

  • Patent number: 9697544
    Abstract: 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: Grant
    Filed: March 23, 2015
    Date of Patent: July 4, 2017
    Assignee: Carfax, Inc.
    Inventors: Gerald A. Bayer, Richard T. Raines
  • Publication number: 20150213559
    Abstract: 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: Application
    Filed: April 9, 2015
    Publication date: July 30, 2015
    Inventors: Richard T. Raines, Eric J. Nesson, David Allen Lackey, Travis Fritts, Ian Bush
  • Publication number: 20140058956
    Abstract: 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: Application
    Filed: October 28, 2013
    Publication date: February 27, 2014
    Applicant: Carfax, Inc.
    Inventors: Richard T. RAINES, Renan AYRAULT, Philip D. MOORE, Mark D. ANDRINGS
  • Patent number: 8600823
    Abstract: 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: Grant
    Filed: August 19, 2009
    Date of Patent: December 3, 2013
    Assignee: Carfax, Inc.
    Inventors: Richard T. Raines, Renan Ayrault
  • Patent number: 8595079
    Abstract: 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: Grant
    Filed: April 6, 2010
    Date of Patent: November 26, 2013
    Assignee: Carfax, Inc.
    Inventors: Richard T. Raines, Renan Ayrault, Philip D. Moore, Mark D. Andringa
  • Patent number: 7778841
    Abstract: 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: Grant
    Filed: May 6, 2004
    Date of Patent: August 17, 2010
    Assignee: Carfax, Inc.
    Inventors: Gerald A. Bayer, Richard T. Raines
  • Patent number: 7596512
    Abstract: 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: Grant
    Filed: November 26, 2003
    Date of Patent: September 29, 2009
    Assignee: Carfax, Inc.
    Inventors: Richard T. Raines, Renan Ayrault
  • Patent number: 7505838
    Abstract: 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: Grant
    Filed: July 11, 2005
    Date of Patent: March 17, 2009
    Assignee: Carfax, Inc.
    Inventors: Richard T. Raines, Steve Korman
  • Patent number: 5975872
    Abstract: 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: Grant
    Filed: February 23, 1998
    Date of Patent: November 2, 1999
    Assignee: Illinois Precision Corp.
    Inventors: Richard T. Raines, Michael J. Watkins