US Patent Issued to Allstate Insurance on July 22 for "System and method for accumulation and maintenance of money in a vehicle maintenance savings account" (Illinois Inventors)

ALEXANDRIA, Va., July 23 -- United States Patent no. 12,367,496, issued on July 22, was assigned to Allstate Insurance Co. (Northbrook, Ill.).

"System and method for accumulation and maintenance of money in a vehicle maintenance savings account" was invented by Michael P. Aabram (Naperville, Ill.) and Grady Irey (Des Plaines, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods are provided for accumulating and maintaining funds (e.g., money, a money proxy or a combination thereof) in a vehicle maintenance savings account. The account funds may be used to pay for the costs of maintaining and/or operating a vehicle (e.g., costs of maintenance and operation associated with ownership, leasing...