Patent ID: 7966203

Claim:
A tangible computer-readable storage medium including instructions stored thereon and adapted to be executed by a processor to implement a method comprising: receiving a plurality of application data sets at a computing device during the application process, each application data set corresponding to a different property and including physical characteristics of the corresponding property, wherein the application data is a substitute for a credit score as a measure of risk; determining a pre-screening risk assessment score for each property based on the application data received during the application process; generating tier, premium, and quote information for an insurance policy based on the pre-screening risk assessment score; verifying the application data by determining a complete property risk score for each property based on data received from a physical inspection of the property; organizing the plurality of application data sets into stacks based on a comparison of the complete property risk score and a multiple-factor rule set, wherein the multiple-factor rule set includes an insurer preference for the disposition of the application process based on the complete property risk score and the comparison organizes the plurality of data sets into one of a first stack for denial or further review of the application process and a second stack for issue or renewal of the application process; generating tier, premium, and quote information for a revised insurance policy based on the complete risk assessment score; and communicating at least one of the insurance policy or the revised insurance policy to a customer or agent.