William M Tormey

US Patent:

8095399, Jan 10, 2012

Filed:

Mar 11, 2011

Appl. No.:

13/046207

Inventors:

Frank J. McConnell - Issaquah WA, US
William M. Tormey - Bothell WA, US
Anne H. Randall - Issaquah WA, US
Dennis M. Ellermeier - Seattle WA, US
Greg S. Johannesen - Seattle WA, US
Jason J. Lewis - Seattle WA, US
Edward V. Lenoir - Brier WA, US

Assignee:

Safeco Corporation - Seattle WA

International Classification:

G06Q 40/00

US Classification:

705 4

Abstract:

A virtual insurance producer Web site is provided at which a prospective insurance customer may request a bindable premium quotation for an insurance policy. The prospective customer may be asked to provide information relating to the insurability of an individual to be insured by the insurance policy and information relating to the coverage to be provided by the insurance policy. The premium is displayed to the prospective customer as a bindable quotation that binds the insurance company providing the policy and that may be purchased on-line immediately. The prospective customer may purchase the insurance policy according to the provided bindable premium quotation through the virtual insurance producer Web site. If the prospective customer elects to purchase the policy, the virtual insurance producer Web site may re-intermediate an insurance agent into the sales process and transmit the insurance policy to the customer in electronic form.

US Patent:

7925523, Apr 12, 2011

Filed:

Sep 11, 2000

Appl. No.:

09/658770

Inventors:

Frank J. McConnell - Issaquah WA, US
William M. Tormey - Bothell WA, US
Anne H. Randall - Issaquah WA, US
Dennis M. Ellermeier - Seattle WA, US
Greg S. Johannesen - Seattle WA, US
Jason J. Lewis - Seattle WA, US
Edward V. Lenoir - Brier WA, US

Assignee:

Safeco Corporation - Seattle WA

International Classification:

G06Q 40/00

US Classification:

705 4

Abstract:

A virtual insurance producer Web site is provided at which a prospective insurance customer may request a bindable premium quotation for an insurance policy. If the policy may be underwritten, the Web site calculates a premium for the insurance policy. The premium is displayed to the prospective customer as a bindable quotation that binds the insurance company providing the policy and that may be purchased on-line immediately. The prospective customer may purchase the insurance policy according to the provided bindable premium quotation through the virtual insurance producer Web site. If the prospective customer elects to purchase the policy, the virtual insurance producer Web site may re-intermediate an insurance agent into the sales process and transmit the insurance policy to the customer in electronic form.