US Patent Issued to NormanMax Insurance Holdings on Sept. 9 for "Methods, systems, and media for managing wind speed data, seismic data and other parametric data" (Florida Inventors)

ALEXANDRIA, Va., Sept. 10 -- United States Patent no. 12,411,256, issued on Sept. 9, was assigned to NormanMax Insurance Holdings Inc. (Miami).

"Methods, systems, and media for managing wind speed data, seismic data and other parametric data" was invented by Bradley I. Meier (Golden Beach, Fla.) and Evan M. Glassman (Fort Lauderdale, Fla.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system for collecting and managing parametric data via an external communications network comprises one or more parametric stations operatively connected via the external network to a certification server and a payout server. Each parametric station is configured to receive parametric data from a remote source, determine that...