- Patent Title: Systems and methods for modifying resources to manage loss events
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Application No.: US15373571Application Date: 2016-12-09
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Publication No.: US10339604B1Publication Date: 2019-07-02
- Inventor: Michael K. Cook
- Applicant: STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY
- Applicant Address: US IL Bloomington
- Assignee: STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY
- Current Assignee: STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY
- Current Assignee Address: US IL Bloomington
- Agency: Marshall, Gerstein & Borun LLP
- Agent Randall G. Rueth
- Main IPC: G06Q40/00
- IPC: G06Q40/00 ; G06Q40/08 ; G06Q30/02 ; G06Q10/06 ; G06F16/25 ; G06F16/23 ; G06F16/2455

Abstract:
Methods and systems for modifying resources equipped to manage loss events and processing associated therewith based on an analysis of real-time data. An insurance provider can maintain historical data that indicates resources usage data for managing previously-occurring loss events. The insurance provider can receive real-time first-party and third-party loss event data from a variety of sources, the loss event data being associated with a recent or forecasted loss event. The insurance provider can compare the received loss event data to the historical data to determine that resources configured to manage insurance claim processing resulting from the loss event may need to be modified. In embodiments, the resources may be hardware or software resources, a workforce, physical goods or supplies, or other resources. The insurance provider can facilitate the appropriate resource modification by interfacing with various components and entities.
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