Kristin D Ford

US Patent:

58550054, Dec 29, 1998

Filed:

Jun 24, 1996

Appl. No.:

8/672111

Inventors:

Michael S. Schuler - Pitman NJ
Kristin Ford - Delran NJ
George Snyder - Williamstown NJ

Assignee:

Insurance Company of North America - Philadelphia PA

International Classification:

G06F 1900

US Classification:

705 4

Abstract:

A computer-implemented system for auditing a total exposure of an entity, the total exposure forming the basis of a premium amount to be charged to the entity for an insurance policy. A first means for receiving a plurality of exposure information records from a first source is provided. Each of the exposure information records from the first source corresponds to a location of the entity and a class code associated with the location of the entity. A database, coupled to the first means for receiving, is provided for storing the exposure records from the first source. Each of the exposure records from the first source is stored in the database as a datastructure having an entity number field for storing a code that uniquely identifies the entity in the database, a location field for storing information representing a geographical location of the entity, a class code field for storing information representing a class code associated with the entity, and an amount field for storing an exposure amount associated with the geographical location and the class code stored in the location and class code fields, respectively, of the datastructure. A totaling means is provided for determining a first total exposure amount associated with the entity from the exposure records from the first source. A second receiving means is provided for receiving a second total exposure amount associated with the entity from a second source that is different from the first source.