US Patent Issued to STATE FARM MUTUAL AUTOMOBILE INSURANCE on Oct. 7 for "Parametric engine to implement methods using parametric analytics" (Illinois, Tennessee Inventors)

ALEXANDRIA, Va., Oct. 8 -- United States Patent no. 12,437,341, issued on Oct. 7, was assigned to STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY (Bloomington, Ill.).

"Parametric engine to implement methods using parametric analytics" was invented by Ryan Michael Gross (Normal, Ill.), M Eric Riley Sr. (Heyworth, Ill.), Jody Ann Thoele (Bloomington, Ill.), Jordan Jeffers (Normal, Ill.), Shawn Renee Harbaugh (Normal, Ill.), Rick Lovings (Normal, Ill.), Joann C. Yant (Bloomington, Ill.), Jenny L. Jacobs (Normal, Ill.) and Erik Skyten (Harriman, Tenn.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods are described for performing analysis of parametric events. The method may include: (1) receiving...