Richard G Woll

US Patent:

7596542, Sep 29, 2009

Filed:

Feb 15, 2005

Appl. No.:

11/057163

Inventors:

Richard G. Woll - Livermore CA, US

Assignee:

Allstate Insurance Company - Northbrook IL

International Classification:

G06F 7/00
G06F 17/30

US Classification:

707 1, 707 10, 707100, 707102, 7071041, 707200, 701200

Abstract:

ZIP code connection matrices are created for use in insurance ratemaking by identifying common borders of geographically defined regions. ZIP codes and associated cartographic boundaries are read from a database. Pairs of coordinates for the boundaries are stored in a matrix and values are calculated that represent each pair of coordinates in the matrix. The calculated values are stored in an encoded coordinates matrix and used to determine common segments. A connection matrix is formed representing connections among ZIP codes. A neighborhood matrix is then calculated, which stores values that represent an indication of closeness of each ZIP code in the neighborhood matrix to a target ZIP code.

US Patent:

7769608, Aug 3, 2010

Filed:

Jan 25, 2005

Appl. No.:

11/041469

Inventors:

Richard G. Woll - Livermore CA, US
Margaret A. Brinkmann - Palo Alto CA, US
Rosemary C. Peck - Oak Lawn IL, US

Assignee:

Allstate Insurance Company - Northbrook IL

International Classification:

G06Q 40/00

US Classification:

705 4

Abstract:

Systems and methods provide optimized property risk ratings and, more particularly, optimized property risk ratings defined by evaluating ratings on a by peril basis. Systems and methods also price insurance products and underwrite insurance products using risk data that has been optimized on a by peril basis. A territory is subdivided into a plurality of regions determined in accordance with at least one predetermined factor. Loss costs representing historic costs for various insured perils are retrieved from a computerized database using a data processor. The loss costs are sorted on a per-peril basis for each of the regions using the data processor. Peril zones are created for each peril that represent related regions in which loss costs for a particular peril are roughly equivalent.

US Patent:

7769609, Aug 3, 2010

Filed:

Feb 15, 2005

Appl. No.:

11/057162

Inventors:

Richard G. Woll - Livermore CA, US

Assignee:

Allstate Insurance Company - Northbrook IL

International Classification:

G06Q 40/00

US Classification:

705 4

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.

US Patent:

8612484, Dec 17, 2013

Filed:

Nov 12, 2012

Appl. No.:

13/674494

Inventors:

Richard G. Woll - Livermore CA, US

Assignee:

Allstate Insurance Company - Northbrook IL

International Classification:

G06F 7/00
G06F 17/30

US Classification:

707790, 707791, 707802, 707803, 701408, 701409, 701410, 701532, 701300

Abstract:

ZIP code connection matrices are created for use in insurance ratemaking by identifying common borders of geographically defined regions. ZIP codes and associated cartographic boundaries are read from a database. Pairs of coordinates for the boundaries are stored in a matrix and values are calculated that represent each pair of coordinates in the matrix. The calculated values are stored in an encoded coordinates matrix and used to determine common segments. A connection matrix is formed representing connections among ZIP codes. A neighborhood matrix is then calculated, which stores values that represent an indication of closeness of each ZIP code in the neighborhood matrix to a target ZIP code.

US Patent:

8046245, Oct 25, 2011

Filed:

Jun 22, 2010

Appl. No.:

12/820617

Inventors:

Richard G. Woll - Livermore CA, US
Margaret A. Brinkmann - Palo Alto CA, US
Rosemary C. Peck - Oak Lawn IL, US

Assignee:

Allstate Insurance Company - Northbrook IL

International Classification:

G06Q 40/00

US Classification:

705 4

Abstract:

Systems and methods provide optimized property risk ratings and, more particularly, optimized property risk ratings defined by evaluating ratings on a by peril basis. Systems and methods also price insurance products and underwrite insurance products using risk data that has been optimized on a by peril basis. A territory is subdivided into a plurality of regions determined in accordance with at least one predetermined factor. Loss costs representing historic costs for various insured perils are retrieved from a computerized database using a data processor. The loss costs are sorted on a per-peril basis for each of the regions using the data processor. Peril zones are created for each peril that represent related regions in which loss costs for a particular peril are roughly equivalent.