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Saturday, June 28, 2025

Patent Issued for Blockchain systems and methods for providing insurance coverage to affinity groups (USPTO 11354750): State Farm Mutual Automobile Insurance Company - Insurance News Net

2022 JUN 23 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- State Farm Mutual Automobile Insurance Company (Bloomington, Illinois, United States) has been issued patent number 11354750, according to news reporting originating out of Alexandria, Virginia, by NewsRx editors.
The patent’s inventors are Hayward, Gregory (Bloomington, IL, US), Isaacs, Craig Dean (Bloomington, IL, US), Roll, Leif Agerholm (Bloomington, IL, US), Webster, Eric (Bloomington, IL, US).
From the background information supplied by the inventors, news correspondents obtained the following quote: “Individuals who seek insurance coverage and are sensitive to pricing and product features (e.g., coverage types and/or limits, deductibles, etc.) often expend considerable time and effort in finding insurance providers that best meet their needs. Conventionally, a consumer finds an insurance provider by way of an agent/broker, an aggregator, a comparison web site, general web browsing, etc....



Read Full Story: https://insurancenewsnet.com/oarticle/patent-issued-for-blockchain-systems-an...

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