Patent Issued for System And Method For Providing Risk Recommendation, Mitigation And Prediction (USPTO 10,909,630)
Insurance Daily News
News Reporter-Staff News Editor at
Insurance Daily News From
Baxter, David (
March 14, 2017, was published online on
February 15, 2021.
Risk LLC (
United States).
News editors obtained the following quote from the background information supplied by the inventors: “Major construction projects are almost always insured by large insurance companies, providing policies that cover the potential casualty and loss of a portion or a whole of an entire project. These policies can extend into the hundreds of millions of dollars or more. In order to analyze the risk and reduce the chance of large payouts on projects, these insurance companies utilize risk engineers to analyze risks at project sites and provide recommendations to the insured on how to reduce overall risk for the project.