Monitoring system for determining and communicating a cost of insurance

US6868386B1 · kind B1 · utility

Assignee

• PROGRESSIVE CASUALTY INSURANCE COMPANY · US

Inventors

• Maria Henderson · Tampa, US
• Robert John McMillan · Tampa, US
• Alexander Dean Craig · Moreland Hills, US
• John Patrick Heinen · Tampa, US
• Byron John Olexa · Independence, US
• Mark C. McElroy · South Euclid, US
• Robert Lee · Oakley Park, US

Key dates

• Filing date: May 15, 2000
• Grant date: Mar 15, 2005
• Expiry date: May 15, 2020

Classification

• Technology area (CPC G): Physics
• CPC primary: G07C5/08
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method and system for communicating insurance related services between an insured and an insurer through an Internet communication scheme includes a processing system for processing acquired event and sensored data to compute the cost of insurance for the same period as the data is acquired. An enhanced Internet communication scheme provides an insured access to the acquired data and its processing through enhanced presentation systems (e.g., maps with usage, service or special event processing or even automobile service diagnostics.) In addition, communication packages can provide estimates based upon user-supplied information identifying projected usages.