ALEXANDRIA, Va., June 25 -- United States Patent no. 12,340,422, issued on June 24, was assigned to United Services Automobile Association (USAA) (San Antonio).
"System and method for emergency release of funds" was invented by Gregory Brian Meyer (San Antonio) and Yevgeniy Viatcheslavovich Khmelev (San Antonio).
According to the abstract* released by the U.S. Patent & Trademark Office: "A method and system for improving and automating the identification of homes located in an imminent or current disaster zone and causing an immediate release of funds to residents without requiring the insured member to first submit a claim are disclosed. The system and method are configured to determine whether there is a high likelihood of a disaster ev...