US Patent Issued to Assured Insurance Technologies on July 28 for "Machine-learning method of loss prediction using incident information" (California Inventors)

ALEXANDRIA, Va., July 28 -- United States Patent no. 12,694,454, issued on July 28, was assigned to Assured Insurance Technologies Inc. (Stanford, Calif.).

"Machine-learning method of loss prediction using incident information" was invented by Justin Lewis-Weber (Stanford, Calif.) and Theo Patt (Stanford, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Embodiments include a computing system, computing device, computer-implemented method and non-transitory computer-readable medium for generating loss predictions. In embodiments, incident data is received, corresponding to an incident involving a vehicle of a user, and based on the incident data, a total loss prediction is generated for the vehicle, wher...