Insurance claim payment card system
First Claim
1. A method for administering insurance claims and monitoring claim-related data in a database, comprising the steps of:
- (a) receiving a claim;
(b) determining a dollar value of the claim;
(c) issuing a bill-on-redemption card account funded with a point value related to said dollar value of the claim;
(d) paying at least some portion of the dollar value of the claim when the card account is used by a card recipient;
(e) collecting purchase information from the card account; and
(f) entering the purchase information into the database.
6 Assignments
0 Petitions
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.
125 Citations
69 Claims
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1. A method for administering insurance claims and monitoring claim-related data in a database, comprising the steps of:
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(a) receiving a claim;
(b) determining a dollar value of the claim;
(c) issuing a bill-on-redemption card account funded with a point value related to said dollar value of the claim;
(d) paying at least some portion of the dollar value of the claim when the card account is used by a card recipient;
(e) collecting purchase information from the card account; and
(f) entering the purchase information into the database. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23)
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24. A method for administering ongoing insurance claims, comprising the steps of:
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(a) receiving a claim;
(b) determining a plurality of ongoing disbursement dollar values for the claim;
(c) issuing a card account funded with a first disbursement of said plurality of disbursement dollar values; and
(d) loading a second disbursement of said plurality of disbursement dollar values onto said card account according to a schedule. - View Dependent Claims (25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45)
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46. A method for administering insurance claims and monitoring claim-related data in a database, comprising the steps of:
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(a) receiving a claim;
(b) determining a dollar value of the claim;
(c) issuing a bill-on-redemption card account funded with a point value corresponding to at least a portion of said dollar value of the claim;
(d) paying at least some portion of the dollar value of the claim when the card account is used by a card recipient;
(e) collecting purchase information from the card account; and
(f) entering the purchase information into the database. - View Dependent Claims (47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69)
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Specification