State Farm Mutual Automobile Insurance had 95 patents in digitalization during Q2 2024. State Farm Mutual Automobile Insurance Co has filed patents for systems related to enhanced personal property replacement, creating processing graphs, fueling control systems, trusted data banks for managing personal data access, and analyzing telematics data for determining renter eligibility for vehicle sharing. These systems aim to streamline insurance claims processes, optimize computation components, automate fueling processes, protect user privacy, and ensure safe vehicle sharing practices. GlobalData’s report on State Farm Mutual Automobile Insurance gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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State Farm Mutual Automobile Insurance had no grants in digitalization as a theme in Q2 2024.
Recent Patents
Application: Systems and methods for enhanced personal property replacement (Patent ID: US20240212058A1)
The patent filed by State Farm Mutual Automobile Insurance Co. describes a system for enhanced personal property replacement that involves building a virtual inventory of personal belongings through object recognition techniques on mobile device images. This system receives user preferences, handles insurance claims, determines items to purchase based on preferences and damage extent, and transmits virtual orders to retailers for delivery to the user's address using insurance claim funds. The system aims to automatically purchase and deliver household goods to customers after events like fires or hurricanes to mitigate the impact on their lives.
The patent claims detail a computer system with a processor and memory that receives replacement claim messages, determines replacement items associated with identified items, and transmits electronic orders to retailers for delivery to users without further interaction. The system can use user identifiers, preferences, purchase histories, Wi-Fi network data, smart home system data, and image analysis to determine replacement items. The method involves querying online retailers, adding additional items based on purchase history, and generating electronic order messages for delivery. The patent also includes computer-readable storage mediums with executable instructions for performing these functions without user interaction, utilizing user preferences and purchase histories to enhance the replacement process.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
