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AssigneeState Farm Mutual Automobile Insurance Company
InventorsRonny S. Bryant, Stacie A McCullough, Mitchell J. Hill, Jacob J. Alt, Jaime Skaggs, Shawn M. Call, Eric Bellas, Vicki King, Melinda Teresa Magerkurth
Estimating the term…
Systems and methods are disclosed with respect to using a distributed ledger, such as a blockchain, for managing claim payment activity. In particular, the distributed ledger may be utilized to track the status of a claim and to track payment activity associated with the claim. For example, the distributed ledger may be utilized to track estimates, offers, settlements, and payouts relating to insurance claims relating to injuries, property damage, (e.g., to homes, automobile, personal articles, or other insured assets), and other expenses (e.g., payments to vendors such as car repair shops, car rental companies, cleaning companies, contractors, etc.).
A computer-implemented method for managing insurance claim payouts, the method comprising:
(canceled)
A system for managing insurance claim payouts, the system comprising:
(canceled)
Dependencies are inferred from the claim text.