US 8,554,584 B2 · Interactive credential system and method

Abstract

The interactive credential system and method has a database containing employee-employer-applicant surveyed information, industry specific criteria, such as insurance loss history and account performance, an authorization code for authorizing access to the database and a control device, operatively associated with the database, for presenting weighted scores. The system further includes a surveyed party processor operatively associated with the control device, and wherein the surveyed party processor is capable of transmitting the authorization code to view the surveyed information. The system also has a participant processor that is capable of requesting authorization to download the employee-employer-applicant information, including weighted scores computed from the system's algorithms processed from industry specific parameters.

Drawings

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Drawings

Claims8

Dependent claims

A computerized method of aggregating, scoring, and distributing information on an entity in real time comprising the steps of:

establishing a network interface between a central server, at least one remote data collection terminal and at least one authorized third party terminal, the central server having computer readable memory associated therewith;
receiving information on an entity from the at least one remote data collection terminal, wherein the information includes the entity's real time insurance-related information selected from the group consisting of:
insurance premium and insurance loss history, insurance payment history, non-renewal history, cancellations of insurance, motor vehicle reports and prior misrepresentations and combinations thereof, wherein the real time insurance premium and insurance loss history further includes information selected from the group consisting of:
information related to prior employment of the individual, information related to commercial auto insurance, general liability insurance, garage insurance, property insurance, inland marine insurance, workers' compensation, wherein the workers' compensation is determined using a real time measurement of the employee's insurance performance within a workers compensation insurance program, including the computation of at least one of the specific employee's earned premium development and incurred loss information and an employee modifier comparing employee performance to an industry performance result, health insurance, home insurance, personal auto insurance, cargo insurance, umbrella insurance, excess liability insurance, difference in conditions insurance, motor home insurance, recreational vehicle insurance, motorcycle insurance, watercraft insurance, vehicle insurance, commercial insurance, personal insurance, liability fidelity bonds and surety bonds;
storing the information in a database stored in the computer readable memory;
updating the information upon a change therein;
calculating a single weighted score by aggregation of a plurality of separate selected factors of the information, wherein at least one of the selected factors includes workers' compensation, the single weighted score represents a risk measure of an entity's real time insurance-related information, the calculation of the single weighted score being performed by a processor of the central server;
storing the single weighted score in the computer readable memory;
updating the single weighted score upon an updated change in the information on the entity;
transmitting authorization data to view the information and the single weighted score from the at least one authorized third party terminal to the server;
authenticating and authorizing the at least one third parties' access to the database;
displaying the information and the single weighted score to the at least one third party;
continuously monitoring the database for a change in at least one third party-selected factor;
transmitting an alert signal to the at least one third party terminal upon detection of a change in the at least one third party selected factor;
and
transmitting the single weighted score to the at least one third party and monitoring behavior modification and its risk management impact on the single weighted score.

13 more elements

Dependencies are inferred from the claim text.

Description12,732 words

Summary4,947 words

#1. Field of the Invention

#The present invention relates to the information technology industry for the systematic implementation of resource management using employee-employer-applicant dynamics and participant surveys, and particularly to an interactive credential system and method incorporating industry specific parameters for evaluation and subsequent scoring with emphasis on a proprietary method of employment, insurance and finance information processing.

#2. Description of the Related Art

Brief description of the drawings12 figures

#FIG. 1 is a block diagram depicting a first embodiment of an interactive credential system according to the present invention.

#FIG. 2 is a block diagram depicting a second embodiment of an interactive credential system according to the present invention.

#FIG. 3 is a block diagram depicting input factors for analysis and score weighing in an interactive credential system according to the present invention.

Detailed description7,452 words

#Similar reference characters denote corresponding features consistently throughout the attached drawings.

#The system and method disclosed herein consists of an interactive web-based information inference engine for the management of employee-employer-applicant credentials and industry specific criteria as well as prior work history and performance as reported by member resources. The site will assist employers in the management of their most important asset, their employees, as well as provide the public with full disclosure of employer's performance based upon insurance experience and participant surveys in order to protect the consumer from fraud and abuse. The created database collects employer credentials and insurance loss history and performance indicators for the application of employer performance base scoring. The system may incorporate employee/employer dynamics as well as the management of industry specific requirements, such as continuing education requirements, CPR certification for the medical industry, safety training for the energy sector, recurrent training for pilots, etc.

#Referring now to FIG. 1, a block diagram depicting a first embodiment of the present system will now be described. As shown in FIG. 1, an employee 2 would communicate with the database 4. In the most preferred embodiment, the employee 2 has an employee computer, also referred to as a user processor. The employee computer has means for communication with the Internet and the worldwide web, such as a modem or any other suitable type of network interface. It should be understood that the various networked systems described herein may interface with one another via any suitable type of network, including local area networks (LANs) or wide area networks (WANs), such as the Internet.

Facts

Application

12/890,514Filed 24 Sep 2010 · continuation in part

Priority

3 Jul 2006

Published

US 2011/0016056 A120 Jan 2011

Granted

8 Oct 2013

Term ended

3 Jul 2026

Estimated · how

20 years from earliest known nonprovisional domestic filing plus recorded patent term adjustment. Maintenance-fee lapses, terminal disclaimers and statutory extensions have not been checked. The continuity chain may be incomplete; this is not an enforceability determination.

Classification4 codes

G06Q 10/10
Administration; Management: office automation; Time management
G06Q 40/08
Finance; Insurance; Tax strategies; Processing of corporate or income taxes: insurance
G06Q 50/265
Government or public services: personal security, identity or safety
G06Q
Information and communication technology [ict] specially adapted for administrative, commercial, financial, managerial

Family

Application11/480,679Parent of this continuation-in-part · filed 3 Jul 2006

Application11/710,885Parent of this continuation-in-part · filed 26 Feb 2007

Application12/081,130Parent of this continuation-in-part · filed 10 Apr 2008

Application12/213,468Parent of this continuation-in-part · filed 19 Jun 2008

Application12/850,367Parent of this continuation-in-part · filed 4 Aug 2010

US 2011/0016056 A1Pre-grant publication · published 20 Jan 2011

Application12/850,367Parent of this continuation-in-part

Application12/213,468Parent of this continuation-in-part

Application12/081,130Parent of this continuation-in-part

Application11/710,885Parent of this continuation-in-part

US 2008/0004890 A1Published application

US 2008/0010219 A1Published application

US 2008/0195625 A1Published application

US 2008/0262877 A1Published application

US 2010/0318383 A1Published application

US 8,290,797 B2Related patent

US 8,554,584 B2This patent

From the US filing history. Foreign family members aren’t listed.

Timeline

3 Jul 2006Priority claimedParent application 11/480,679
24 Sep 2010Application filedUS 12/890,514
24 Sep 2010Assigned to Hargroder Companies, Inc.assignment of assignor's interest
20 Jan 2011PublishedUS 2011/0016056 A1
8 Oct 2013GrantedUS 8,554,584 B2
3 Jul 2026Term endedEstimated

Interactive credential system and method

Life of this patent

Interactive credential system and method

Life of this patent

Life of this patent

Abstract

Drawings

Drawings

Claims8

Description12,732 words

Drawings

Description12,732 words

Classification4 codes

Life of this patent