Determining amounts for claims settlement using likelihood values
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United States of America Patent
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Jul 10, 2012
Issued Date -
N/A
app pub date -
Jun 6, 2008
filing date -
Jan 18, 2008
priority date (Note) -
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status (Latency Note)
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Abstract
Methods and systems are provided for determining and displaying amounts for use in settling insurance claims are disclosed. Closed claims that match an open claim are identified based on one or more characteristics of the open claim. A likelihood value associated with at least one of the matching closed claims is determined. An amount for use by an adjuster in settling the open claim is determined based on the likelihood value for at least one of the matching claims. A most likely amount and most likely range associated with the open claim may be determined based on the likelihood values.
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