INSURANCE CLAIM PAYMENT CARD SYSTEM
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Accused Products
Abstract
A system for the adjudication of insurance claims, such as automobile repair claims, by an insurance provider is provided. A claim submitted by a policyholder is received is received by the insurance provider. The claim is assigned to an insurance adjuster. The insurance provider receives a determination of a dollar value of the claim from the adjuster, and uses this information to determine how much money to disburse to the policyholder. The insurance provider then issues an account funded with the dollar value of the claim to the policyholder, accessible by the policyholder through a card. As the card is used, the insurance provider collects purchase information, such as information relating to the date, place, and amount of each purchase made on the account. The insurance provider may then collate the purchase information in a database and analyze the data for mathematically significant trends and relationships.
19 Citations
37 Claims
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1-27. -27. (canceled)
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28. A method for adjudicating a claim arising from a covered event, comprising the steps of:
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(a) receiving an insurance claim related to a covered event; (b) receiving a determination of a monetary value of the claim from an adjuster; (c) establishing an account funded with at least a portion of said monetary value of said claim; (d) obtaining information relating to an actual amount paid to cover any loss incurred as a result of said covered event; (e) determining the difference between said monetary value of said claim to said actual amount paid to cover said loss from said covered event; and (f) determining the accuracy of said determination of said monetary value in response to said difference. - View Dependent Claims (29, 30, 31, 32)
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33. A method for adjudicating a claim arising from a covered event, comprising the steps of:
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(a) receiving an insurance claim related to a covered event; (b) receiving a determination of a monetary value of the claim from an adjuster; (c) establishing an account funded with at least a portion of said monetary value of said claim; (d) obtaining information relating to an actual amount paid to cover any loss incurred as a result of said covered event; (e) comparing the monetary value of the claim to the actual amount spent to cover said loss from said covered event; and (f) evaluating the performance of the adjuster based on the comparison of the monetary value of the claim to the actual amount spent to cover said loss from said covered event. - View Dependent Claims (34, 35, 36, 37)
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Specification