Patent ID: 8135600

Claim:
A data processing system comprising: a memory for storing: quota shares for each of a plurality of primary insurance policies assigned to at least two primary insurers, wherein the quota shares are assigned at least in part based on a type of coverage included in the respective primary insurance policies; claim liability data for at least one insurance claim related to at least one of the primary insurance policies; and at least one claim liability loss threshold for each of the primary insurers; and a processor configured to: allocate received premium payments associated with at least one of the primary insurance policies among the at least two primary insurers according to the quota shares assigned to the at least one of the primary insurance policies; receive via a communications port a first evaluation of a claim associated with at least one of the primary insurance policies; compare the first evaluation of a first of the at least one claims to the at least one loss threshold for each of the primary insurers related to the first claim; forward via the communications port information about the first claim to a primary insurer for an independent claim evaluation if the primary insurer has a loss threshold that is lower than a liability the primary insurer would be allocated for the claim based on the first claim evaluation and the quota share assigned to the primary insurer for an insurance policy related to the first claim; and allocate portions of claim liability among the at least two primary insurers based on the independent claim evaluation and the quota shares assigned to the at least one of the primary insurance policies.