Patents by Inventor Tom Bakos

Tom Bakos 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).

  • Method and apparatus for bundling insurance coverages in order to gain a pricing advantage
    Patent number: 8219421
    Abstract: A method for reducing the lapse rate of a first insurance policy comprises the step of offering to sell a rider to said first insurance policy, said rider comprising benefit features, said benefit features configured such that the combination of said rider and said first insurance policy has a higher switching cost than the switching cost of said first insurance policy alone and said rider is constructively attached to said first insurance policy, whereby said step of offering to sell is at least in part performed by technological means. The first insurance policy may be a homeowner's policy. The rider may be a pet health insurance rider.
    Type: Grant
    Filed: June 27, 2007
    Date of Patent: July 10, 2012
    Inventors: James Dennis Schwartz, Tom Bakos
  • METHOD AND APPARATUS FOR BUNDLING INSURANCE COVERAGES IN ORDER TO GAIN A PRICING ADVANTAGE
    Publication number: 20070250353
    Abstract: A method for reducing the lapse rate of a first insurance policy comprises the step of offering to sell a rider to said first insurance policy, said rider comprising benefit features, said benefit features configured such that the combination of said rider and said first insurance policy has a higher switching cost than the switching cost of said first insurance policy alone and said rider is constructively attached to said first insurance policy, whereby said step of offering to sell is at least in part performed by technological means. The first insurance policy may be a homeowner's policy. The rider may be a pet health insurance rider.
    Type: Application
    Filed: June 27, 2007
    Publication date: October 25, 2007
    Inventors: James Schwartz, Tom Bakos
  • Method and apparatus for bundling insurance coverages in order to gain a pricing advantage
    Patent number: 7246070
    Abstract: A method for reducing the lapse rate of a first insurance policy comprises the step of offering to sell a rider to said first insurance policy, said rider comprising benefit features, said benefit features configured such that the combination of said rider and said first insurance policy has a higher switching cost than the switching cost of said first insurance policy alone and said rider is constructively attached to said first insurance policy, whereby said step of offering to sell is at least in part performed by technological means. The first insurance policy may be a homeowner's policy. The rider may be a pet health insurance rider.
    Type: Grant
    Filed: December 9, 2004
    Date of Patent: July 17, 2007
    Inventors: James Dennis Schwartz, Tom Bakos
  • Method and apparatus for bundling insurance coverages in order to gain a pricing advantage
    Publication number: 20060074724
    Abstract: A method for reducing the lapse rate of a first insurance policy comprises the step of offering to sell a rider to said first insurance policy, said rider comprising benefit features, said benefit features configured such that the combination of said rider and said first insurance policy has a higher switching cost than the switching cost of said first insurance policy alone and said rider is constructively attached to said first insurance policy, whereby said step of offering to sell is at least in part performed by technological means. The first insurance policy may be a homeowner's policy. The rider may be a pet health insurance rider.
    Type: Application
    Filed: December 9, 2004
    Publication date: April 6, 2006
    Inventors: James Schwartz, Tom Bakos