SYSTEM AND METHOD FOR MANAGING ELECTRONIC ACCOUNTS IN RESPONSE TO DISABILITY DATA

• US 20120130752A1
• Filed: 11/22/2010
• Published: 05/24/2012
• Est. Priority Date: 11/22/2010
• Status: Active Grant

• Current Assignee: Hartford Fire Insurance Company (The Hartford Financial Services Group, Inc.)
• Original Assignee: Hartford Fire Insurance Company (The Hartford Financial Services Group, Inc.)
• Inventors: Moskal, Matthew Stephen
• Granted Patent: US 8,484,054 B2
• Time in Patent Office: Days
• US Class Current: 705/4
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A computer system includes a data storage device that stores a database. The database contains data relating to insurance policies that cover insured individuals. The computer system also includes an input device that is configured to receive data that indicates an employment status for the individuals. A processor is programmed to receive the data that indicates employment status and to adjust data that represents at least one attribute of the insurance policies in response to the employment status data.

Claims

1. A computer system for administrating an insurance premium adjustment program, the system comprising:

a data storage device that stores a database, the database containing data relating to a plurality of personal automobile insurance policies that cover individual drivers or households;

an input device configured to receive data indicative of a disability status for ones of said individual drivers;

a processor in communication with the data storage device and the input device; and

a program memory in communication with the processor and storing program instructions, the processor operative with the program instructions to;

receive the data indicative of disability status; and

adjust data indicative of premiums associated with said personal automobile insurance policies in response to the data indicative of disability status.

2. The computer system of claim 1, wherein the processor is further operative with the program instructions to:

reduce said premiums in response to the data indicative of disability status.

3. The computer system of claim 1, wherein the processor is further operative with the program instructions to:

waive all or part of said premiums in response to the data indicative of disability status.

4. The computer system of claim 1, wherein the input device receives the data indicative of disability status from an employer of said individual drivers.

5. The computer system of claim 1, wherein the processor is further operative with the program instructions to:

verify said disability status based on whether payments are being made to said ones of said individual drivers under disability insurance policies.

6. A method of operating a computer system, the method comprising:

storing, in a data storage device, a database that contains data relating to a plurality of personal automobile insurance policies that cover individual drivers or households;

receiving, via an input device, data indicative of a disability status for ones of said individual drivers; and

adjusting, by a computer, data indicative of premiums associated with said personal automobile insurance policies in response to the data indicative of disability status.

7. The method of claim 6, further comprising:

reducing said premiums in response to the data indicative of disability status.

8. The method of claim 6, further comprising:

waiving all or part of said premiums in response to the data indicative of disability status.

9. The method of claim 6, wherein the data indicative of disability status is received from an employer of said individual drivers.

10. The method of claim 6, further comprising:

verifying said disability status based on whether payments are being made to said ones of said individual drivers under disability insurance policies.

11. A computer system for administrating insurance policies, the system comprising:

a data storage device that stores a database, the database containing data relating to a plurality of insurance policies that cover insured individuals;

an input device configured to receive data indicative of an employment status for ones of said insured individuals;

a processor in communication with the data storage device and the input device; and

a program memory in communication with the processor and storing program instructions, the processor operative with the program instructions to;

receive the data indicative of employment status; and

adjust data indicative of at least one attribute of said insurance policies in response to the data indicative of employment status.

12. The computer system of claim 11, wherein the insurance policies include at least one of:

personal automobile insurance policies, homeowner'"'"'s insurance policies, renter'"'"'s insurance policies, condominium insurance policies, umbrella liability insurance policies, motorcycle insurance policies, boat insurance policies, golf cart insurance policies, snowmobile insurance policies and offroad vehicle insurance policies.

13. The computer system of claim 12, wherein the employment status is disability status.

14. The computer system of claim 13, wherein the processor is further operable with the program instructions to:

determine whether a termination date for said disability status has been reached.

15. The computer system of claim 13, wherein the adjusted data relates to a premium payable for the insurance policies.

16. The computer system of claim 15, wherein the processor is further operable with the program instructions to:

reduce the premium associated with insurance policies for insured individuals in a disability status.

17. The computer system of claim 16, wherein the processor is further operable with the program instructions to:

reduce payroll deductions for the insurance premium for insured individuals in a disability status.

18. The computer system of claim 15, wherein the processor is further operable with the program instructions to:

waive all or part of the premium associated with insurance policies for insured individuals in a disability status.

19. The computer system of claim 18, wherein the processor is further operable with the program instructions to:

suspend payroll deductions for the insurance premium for insured individuals in a disability status.

20. The computer system of claim 18, wherein the processor is further operable with the program instructions to:

send messages to said insured individuals to notify them of the premium waivers; and

require said insured individuals to provide user input to verify that they are in a disability status.

21. The computer system of claim 13, wherein the adjusted data relates to at least one of a policy liability limit and a deductible.

22. The computer system of claim 11, wherein the input device receives the data indicative of employment status from an employer of said insured individuals.

23. The computer system of claim 11, wherein the data indicative of an employment status indicates ones of said insured individuals are on leave from their employment.

24. A method of operating a computer system, the method comprising:

storing, in a data storage device, a database that contains data relating to a plurality of insurance policies that cover insured individuals;

receiving, via an input device, data indicative of an absence status for ones of said insured individuals; and

adjusting, by a computer, data that indicates at least one attribute of said insurance policies in response to the data indicative of an absence status.

25. The method of claim 24, wherein the insurance policies are personal automobile insurance policies and/or homeowner'"'"'s insurance policies.

26. The method system of claim 25, wherein the absence status is disability status.