Invention Grant
- Patent Title: Systems and methods for determining territorial rates
- Patent Title (中): 确定领土率的制度和方法
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Application No.: US11057162Application Date: 2005-02-15
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Publication No.: US07769609B1Publication Date: 2010-08-03
- Inventor: Richard G. Woll
- Applicant: Richard G. Woll
- Applicant Address: US IL Northbrook
- Assignee: Allstate Insurance Company
- Current Assignee: Allstate Insurance Company
- Current Assignee Address: US IL Northbrook
- Agency: Finnegan, Henderson, Farabow, Garrett & Dunner, LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
Methods and systems use regions defined by ZIP codes to adjust loss cost data. First, historical loss costs are identified by ZIP code, and then organized into an order. The organized historical loss costs are assigned a unique loss cost value for each ZIP code, which are then compared to surrounding ZIP codes using a neighborhood model. ZIP codes are grouped into regions of similar loss costs and the regions are organized into territories.
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