Laura Coleman Heyne

US Patent:

8069064, Nov 29, 2011

Filed:

Feb 8, 2008

Appl. No.:

12/028620

Inventors:

Laura Esboldt Heyne - Inver Grove Heights MN, US
Steven M. Lacke - Hudson WI, US
Nathan J. Hubbell - St. Paul MN, US

Assignee:

The Travelers Indemnity Company - Hartford CT

International Classification:

G06Q 10/00

US Classification:

705 4

Abstract:

A method and/or system determines a benchmark premium for evaluating an insurance policy for a company. In alternative embodiments, a method and/or system evaluates an insurance policy using a benchmark premium. In one exemplary embodiment, a class action lawsuit frequency distribution, a class action lawsuit severity distribution and/or a non-class action lawsuit loss distribution are determined. A benchmark premium for the company is determined responsive to the class action lawsuit frequency distribution, the class action lawsuit severity distribution and/or the non-class action lawsuit loss distribution.

US Patent:

7330820, Feb 12, 2008

Filed:

Jul 12, 2005

Appl. No.:

11/180503

Inventors:

Laura Esboldt Heyne - Inver Grove Heights MN, US
Steven Michael Lacke - Hudson WI, US
Nathan Jaymes Hubbell - St. Paul MN, US

Assignee:

The St Paul Travelers Companies, Inc. - St. Paul MN

International Classification:

G06Q 10/00

US Classification:

705 4, 705 35

Abstract:

The invention relates to systems and methods for determining and evaluation insurance policy premiums based on risks associated with class action lawsuits and non-class action lawsuit related risks.