US Patent Issued to State Farm Mutual Automobile Insurance on Aug. 26 for "Systems and methods for modeling telematics data" (Illinois, Oregon Inventors)

ALEXANDRIA, Va., Aug. 26 -- United States Patent no. 12,400,270, issued on Aug. 26, was assigned to State Farm Mutual Automobile Insurance Co. (Bloomington, Ill.).

"Systems and methods for modeling telematics data" was invented by Benjamin J. Tucker (Bloomington, Ill.), Jody A. Thoele (Bloomington, Ill.) and Scott T. Christensen (Salem, Ore.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Provided herein is a computing system that includes a processor in communication with a memory. The processor is configured to (1) receive a plurality of data records associated with a plurality of users that include historical user data; (2) generate a model based upon the plurality of data records, wherein the model (i) pr...