Patent ID: 8229771
Filing Date: 2012-07-24
Classification: G06Q,Y10T

Abstract:
1. A system for issuing an insurance policy on food, the system comprising: at least one computing device with a processor and a memory having instructions stored therein that are executable by the processor to: determine a premium of a food insurance policy based on a type of food covered by the insurance policy, a condition in which the food is stored and rotated, and underwriting data that describes a loss experience associated with the type of food that identifies the way in which the food is stored and rotated; issue the food insurance policy issue an alert to a policyholder of the food insurance policy, wherein the alert advises the policyholder to rotate the food; and receive, from the policyholder, a confirmation that the supply of stored food has been rotated in response to receiving the alert that advises the policyholder to rotate the food.