IP Library › Granted Patent US 11,960,041
Granted Patent B2
US 11,960,041 · App. 18/213,659 · Granted Apr 16, 2024

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 11,960,041
App. No.
18/213,659
Granted
Apr 16, 2024
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 (68)

1. A system comprising:

a certification server configured to:

receive parametric data over an external communications network from a sensor operatively connected to one of a plurality of remote parametric stations in response to the parametric data at a parametric station satisfying a predetermined condition,

generate a certification report based on the parametric data and a data model related to the sensor from which the parametric data was received, and

transmit the generated certification report to a payout server to trigger a payout when terms of a contract are satisfied based on the certification report.

2. The system of claim 1 , further comprising:

the parametric station configured to:

receive the parametric data from the sensor;

determine that the parametric data satisfies the 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.

3. The system of claim 1 , further comprising:

the payout server configured to:

receive, using the payout server, 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.

4. The system of claim 1 , further comprising:

the parametric station configured to:

receive the parametric data from the sensor;

determine that the parametric data satisfies the 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; and

the payout server configured to:

receive, using the payout server, 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.

5. The system of claim 1 , wherein:

the certification server is further configured to:

receive a dataset that includes historic parametric data at a location of the parametric station; and

generate a historical model using the historical parametric data from the received dataset; and

generating the certification report based on the parametric data and the data model comprises generating the certification report based on comparing the parametric data to the generated historical model.

6. The system of claim 5 , further comprising:

simulating wind gusts based on the historical model;

generating a parametric damage model based on the simulated wind gusts.

7. The system of claim 6 , further comprising:

comparing the parametric data received with the parametric data determined by the parametric damage model.

8. The system of claim 7 , wherein generating the certification report based on the parametric data and the data model comprises:

generating the certification report based on comparing the parametric data with the parametric damage model.

9. A method comprising:

receiving, using a certification server, parametric data over an external communications network from a sensor operatively connected to one of a plurality of remote parametric stations in response to the parametric data at a parametric station satisfying a predetermined condition,

generating, using the certification server, a certification report based on the parametric data and a data model related to the sensor from which the parametric data was received, and

transmitting, using the certification server, the generated certification report to a payout server to trigger a payout when terms of a contract are satisfied based on the certification report.

10. The method of claim 9 , further comprising:

receiving, using the parametric station, the parametric data from the sensor;

determining, using the parametric station, that the parametric data satisfies the predetermined condition; and

transmitting, using the parametric station, the parametric data over the external communications network to the certification server in response to the parametric data satisfying the predetermined condition.

11. The method of claim 9 , further comprising:

receiving, using the payout server, the generated certification report from the certification server;

determining, using the payout server, that terms of an associated contract are satisfied based on the certification report, and

triggering, using the payout server, a payout based on the terms that are satisfied based on the certification report.

12. The method of claim 9 , further comprising:

receiving, using the certification server, a dataset that includes historic parametric data at a location of the parametric station; and

generating, using the certification server, a historical model using the historical parametric data from the received dataset,

wherein generating the certification report based on the parametric data and the data model comprises generating the certification report based on comparing the parametric data to the generated historical model.

13. The method of claim 12 , wherein the parametric data is within a standard deviation of the generated historical model.

14. The method of claim 13 , further comprising:

simulating wind gusts based on the historical model;

generating a parametric damage model based on the simulated wind gusts.

15. The method of claim 14 , further comprising:

comparing the parametric data received with the parametric data determined by the parametric damage model.

16. The method of claim 15 , wherein generating the certification report based on the parametric data and the data model comprises:

generating the certification report based on comparing the parametric data with the parametric damage model.

17. The method of claim 16 , wherein the certification report is generated when the parametric data is within a standard deviation of the parametric data determined by the parametric damage model.

18. A parametric certification system for certifying parametric content retrieved from an Internet computer network by individual remote parametric sensors, said parametric certification system comprising:

a remote parametric station configured to generate parametric data for said individual remote parametric sensors;

at least one certifying scheme;

a plurality of sets of logical certifying elements; and

a remote certification server coupled to said parametric station and said Internet computer network, said certification server associating each said parametric sensor to at least one certifying scheme and at least one set of certifying elements, said certification server further receiving said parametric data from said parametric station and executing said associated certifying scheme utilizing the associated at least one set of logical certifying elements.

19. The parametric certification server of claim 18 , wherein the at least one certifying scheme is a parametric damage model and the logical certifying elements include location, time, and date for generation of the parametric data.

20. The parametric certification server of claim 18 , wherein the remote certification server is further configured to generate a certification report based on executing the associated certifying scheme.

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 Jun 26, 2023
From: MEIER, BRADLEY I.; GLASSMAN, EVAN M.
To: NEW PARADIGM GROUP, LLC
Reel/Frame 064053/0011 →
Continuity (6)
Continuation 17959085 · Oct 3, 2022
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 20230333271A1 · Oct 19, 2023