Vincent C Laurenzano

US Patent:

20020046066, Apr 18, 2002

Filed:

Sep 7, 2001

Appl. No.:

09/949146

Inventors:

Vincent Laurenzano - Flushing NY, US

Assignee:

Recovery National Corporation

International Classification:

G06F017/60

US Classification:

705/004000

Abstract:

The method manages risk of loss by providing an amount of indemnification, determining an amount of unrealized economic benefit, and reducing the amount of indemnification by the determined amount of unrealized economic benefit. As applied to reinsurance, the reinsurer indemnifies the insurer for a maximum amount relating to a risk of loss. The reinsurer identifies an amount of unrealized reinsurance and this amount reduces the maximum amount.