Transferring insurance policies

• US 8,219,423 B2
• Filed: 05/09/2008
• Issued: 07/10/2012
• Est. Priority Date: 05/09/2008
• Status: Active Grant

• Current Assignee: CFPH LLC (Cantor Fitzgerald, L.P.)
• Original Assignee: CFPH LLC (Cantor Fitzgerald, L.P.)
• Inventors: Hersch, Stuart
• Primary Examiner(s): JOHNSON, GREGORY L
• Application Number:
  US12/118,597
• Publication Number:
  US 20090281840A1
• Time in Patent Office: 1,523 Days
• Field of Search: 705/4, 705/35, 705/37
• US Class Current: 705/4
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A server may receive from a trading system information on an insurance policy, in which the information may include privacy related information. The server may compare the privacy related information to at least one predefined characteristic and determine that there is a match between the privacy related information and the characteristic. Based at least in part on there being a match, the server may filter-out the insurance policy such that the information on the insurance policy is not provided to a workstation in use by a participant. Alternatively, the server may determine that there is not a match between the privacy related information and the characteristic and provide the information, minus the privacy related information, to the workstation.

Claims

1. An apparatus comprising at least one computing device having instructions associated therewith that when executed by the at least one computing device make the at least one computing device operable to:

receive from a workstation in use by a participant a request to obtain information on insurance policies that match at least one criteria;

forward the request to a server, in which the server is configured to control the purchasing and selling of insurance policies;

receive from the server information on at least one insurance policy that matched the at least one criteria, in which the information on the at least one insurance policy includes;

first information, and

second information;

compare the second information on the at least one insurance policy to at least one predefined characteristic;

determine that there is a match between the second information and the at least one predefined characteristic;

based at least in part on determining that there is the match between the second information and the at least one predefined characteristic, filter-out the at least one insurance policy such that the information on the at least one insurance policy is not communicated to the workstation in use by the participant, and in which filtering-out the at least one insurance policy further includes not providing to the server the at least one predefined characteristic;

determine that there is not a match between the second information and the at least one predefined characteristic; and

based at least in part on determining that there is not the match between the second information and the at least one predefined characteristic, communicate the first information but not the second information on the at least one insurance policy to the workstation in use by the participant.

2. The apparatus of claim 1, in which the request comprises a search request to obtain, from a plurality of insurance policies, information on those insurance policies that match the at least one criteria.

3. The apparatus of claim 1, in which the request and the at least one criteria comprise a request to obtain, from a plurality of insurance policies, information on those insurance policies for which bids to purchase the policies may be made by the participant.

4. The apparatus of claim 1,

in which the at least one criteria comprises a specified insurance policy;

and

in which the request comprise a request to obtain, from a plurality of insurance policies, information on insurance policies that are related to the specified insurance policy.

5. The apparatus of claim 1, in which the at least one predefined characteristic is specified by the participant.

6. The apparatus of claim 5, in which the instructions, that when executed by the at least one computing device make the at least one computing device further operable to obtain the at least one predefined characteristic from a database.

7. The apparatus of claim 1, in which the request comprises the at least one predefined characteristic.

8. The apparatus of claim 1,

in which the at least one predefined characteristic comprises an identity of a possible insured;

and

in which to determine that there is the match between the second information and the at least one predefined characteristic comprises to determine that an insured of the at least one insurance policy matches the identity of the possible insured.

9. The apparatus of claim 1,

in which the at least one predefined characteristic comprises an identity of a possible owner of insurance policies;

and

in which to determine that there is a match between the second information and the at least one predefined characteristic comprises to determine that an owner of the at least one insurance policy matches the identity of the possible owner of insurance policies.

10. The apparatus of claim 1,

in which the at least one predefined characteristic comprises an identity of an individual;

and

in which to determine that there is a match between the second information and the at least one predefined characteristic comprises to determine that an insured of the at least one insurance policy is related to the individual.

11. The apparatus of claim 1,

in which the first information comprises information accessible to the participant even though the participant may not own the at least one insurance policy;

and

in which the second information comprises information not accessible to the participant unless the participant owns the at least one insurance policy.

12. The apparatus of claim 11, in which the second information comprises an identity of at least one insured of the at least one insurance policy.

13. The apparatus of claim 11, in which the second information comprises an identity of at least one owner of the at least one insurance policy.

14. The apparatus of claim 1, in which different entities own the server and the at least one computing device.

15. An apparatus comprising at least one computing device having instructions associated therewith that when executed by the at least one computing device make the at least one computing device operable to:

receive from a server information on at least one insurance policy, in which the server is configured to control the purchasing and selling of insurance policies, and in which the information on the at least one insurance policy includes;

first information, and

second information;

compare the second information on the at least one insurance policy to at least one predefined characteristic;

determine that there is a match between the second information and the at least one predefined characteristic;

based at least in part on determining that there is the match between the second information and the at least one predefined characteristic, filter-out the at least one insurance policy such that the information on the at least one insurance policy is not communicated to a workstation in use by a participant, and in which filtering-out the at least one insurance policy further includes not providing to the server the at least one predefined characteristic;

determine that there is not a match between the second information and the at least one predefined characteristic; and

based at least in part on determining that there is not the match between the second information and the at least one predefined characteristic, communicate the first information but not the second information on the at least one insurance policy to the workstation.

16. The apparatus of claim 15,

in which the at least one predefined characteristic comprises an identity of a possible insured;

and

in which to determine that there is the match between the second information and the at least one predefined characteristic comprises to determine that an insured of the at least one insurance policy matches the identity of the possible insured.

17. The apparatus of claim 15,

in which the first information comprises information accessible to the participant even though the participant may not own the at least one insurance policy;

and

in which the second information comprises information not accessible to the participant unless the participant owns the at least one insurance policy.

18. The apparatus of claim 15,

in which different entities own the server and the at least one computing device.

19. A method comprising:

receiving, by at least one computing device, from a workstation is use by a participant a request to obtain information on insurance policies that match at least one criteria;

forwarding, by the at least one computing device, the request to a server, in which the server is configured to control the purchasing and selling of insurance policies;

receiving, by the at least one computing device, from the server information on at least one insurance policy that matched the at least one criteria, in which the information on the at least one insurance policy includes;

first information, and

second information;

comparing, by the at least one computing device, the second information on the at least one insurance policy to at least one predefined characteristic;

determining, by the at least one computing device, that there is a match between the second information and the at least one predefined characteristic; and

based at least in part on determining that there is the match between the second information and the at least one predefined characteristic, filtering-out, by the at least one computing device, the at least one insurance policy such that the information on the at least one insurance policy is not communicate to the workstation in use by the participant, and in which filtering-out the at least one insurance policy further includes not providing to the server the at least one predefined characteristic.

20. The method of claim 19,

in which the at least one predefined characteristic comprises an identity of a possible insured;

and

in which determining that there is the match between the second information and the at least one predefined characteristic comprises determining that an insured of the at least one insurance policy matches the identity of the possible insured.