IP Library › Granted Patent US 11,703,606
Granted Patent B2
US 11,703,606 · App. 17/959,085 · Granted Jul 18, 2023

Methods, systems, and media for managing wind speed data, seismic data and other parametric data

Inventors: Bradley I. Meier (Golden Beach, FL); Evan M. Glassman (Fort Lauderdale, FL)
Assignee: NEW PARADIGM GROUP, LLC
G01V1/223G01V1/008G01V1/162G01W1/02G06Q20/085H04W76/10G01P1/07G01P5/00H04W4/80H04W84/12
View Patent ↗
Loading inventors, assignments & file history…
Monitor This Case
Get email alerts when status or documents change.
Order Certified Copies
Most orders are placed with the USPTO same day — all within 24 business hours.
Order via The Patent Place →
Pre-filled with this patent's details
Quick Facts
Patent No.
US 11,703,606
App. No.
17/959,085
Granted
Jul 18, 2023
Kind
B2
Abstract

A system for collecting and managing parametric data via an external communications network comprises one or more parametric stations operatively connected via the external network to a certification server and a payout server. Each parametric station is configured to receive parametric data from a remote source, determine that the parametric data satisfies a predetermined condition, and transmit the parametric data over the external network to the certification server in response to the parametric data satisfying the predetermined condition. The certification server is configured to generate a certification report based on the parametric data and a data model related to the remote source and transmit the generated certification report to the payout server. The payout server is configured to determine that terms of an associated contract are satisfied based on the certification report, and trigger a payout based on the terms that are satisfied based on the certification report.

Claims (54)

1 . A system for collecting and managing parametric data via an external communications network, the system comprising:

one or more parametric stations operatively connected via the external communications network to a certification server and a payout server, wherein the one or more parametric stations are located remotely from the certification server and the payout server;

the one or more parametric stations, each respectively configured to:

receive parametric data from a remote source,

determine that the parametric data satisfies a predetermined condition, and

transmit the parametric data over the external communications network to the certification server in response to the parametric data satisfying the predetermined condition;

the certification server comprising:

a certification processor configured to generate a certification report based on the parametric data and a data model related to the remote source from which the parametric data was received, and

a certification communication interface configured to transmit the generated certification report to the payout server; and

the payout server comprising a payout processor configured to:

determine that terms of an associated contract are satisfied based on the certification report, and

trigger a payout based on the terms that are satisfied based on the certification report.

2 . The system of claim 1 , wherein the parametric data from the remote source comprises parametric data captured from a sensor.

3 . The system of claim 2 , wherein the data model includes a historical parametric model for the sensor.

4 . The system of claim 1 , wherein the parametric data from the remote source comprises information indicating that the predetermined condition is satisfied.

5 . The system of claim 4 , wherein the data model includes a historical condition model for decisions made by the remote source.

6 . The system of claim 1 , further comprising:

each parametric station includes a sensor configured to capture parametric data, and

the parametric station is further configured to:

determine that the captured parametric data satisfies a predetermined condition, and

transmit the parametric data to the certification server in response to the parametric data satisfying the predetermined condition.

7 . The system of claim 6 , wherein the data model include historical parametric models for the sensor at the parametric station.

8 . A system for collecting and managing parametric data from an external parametric station via an external communications network, the system comprising:

a parametric data interface configured to:

receive parametric data from the external parametric station, and

determine that the parametric data satisfies a predetermined condition;

a certification server located remotely from the parametric data interface and configured to:

receive the parametric data from the parametric data interface via the external communications network in response to the parametric data satisfying the predetermined condition, and

generate a certification report based on the parametric data and a data model related to the external parametric station from which the parametric data was received; and

a payout server located remotely from the parametric data interface and configured to:

receive the generated certification report from the certification server,

determine that terms of an associated contract are satisfied based on the certification report, and

trigger a payout based on the terms that are satisfied based on the certification report.

9 . The system of claim 8 , wherein the parametric data from the external parametric station comprises parametric data captured from a sensor.

10 . The system of claim 9 , wherein the data model includes a historical parametric model for the sensor.

11 . The system of claim 8 , wherein the parametric data from the external parametric station comprises information indicating that the predetermined condition is satisfied.

12 . The system of claim 11 , wherein the data model includes a historical condition model for decisions made by the parametric data interface.

13 . The system of claim 8 , wherein the parametric data interface is installed on the external parametric station.

14 . A system for collecting and managing parametric data via an external communications network, the system comprising:

a parametric data interface configured to:

receive parametric data from a remote user device, and

determine that the parametric data satisfies a predetermined condition;

a certification server located remotely from the parametric data interface and configured to:

receive the parametric data from the parametric data interface via the external communications network in response to the parametric data satisfying the predetermined condition, and

generate a certification report based on the parametric data and a data model related to the remote user device from which the parametric data was received; and

a payout server located remotely from the parametric data interface and configured to:

receive the generated certification report from the certification server,

determine that terms of an associated contract are satisfied based on the certification report, and

trigger a payout based on the terms that are satisfied based on the certification report.

15 . The system of claim 14 , wherein the parametric data from the remote user device comprises parametric data captured from a sensor.

16 . The system of claim 15 , wherein the data model includes a historical parametric model for the sensor.

17 . The system of claim 14 , wherein the parametric data from the remote user device comprises information indicating that the predetermined condition is satisfied.

18 . The system of claim 17 , wherein the data model includes a historical condition model for decisions made by the parametric data interface.

19 . The system of claim 14 , wherein the parametric data interface is installed on the remote user device.

Assignments (2)
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Jun 19, 2024
From: NEW PARADIGM GROUP, LLC
To: NORMANMAX INSURANCE HOLDINGS, INC.
Reel/Frame 067766/0950 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Oct 4, 2022
From: GLASSMAN, EVAN M.; MEIER, BRADLEY I.
To: NEW PARADIGM GROUP, LLC
Reel/Frame 061296/0749 →
Continuity (5)
Continuation 17468133 · Sep 7, 2021
Continuation 16533556 · Aug 6, 2019
Continuation In Part 15285762 · Oct 5, 2016
Provisional Application 62239072 · Oct 8, 2015
Related Publication 20230029108A1 · Jan 26, 2023