Patent ID: 8374957

Claim:
A computer implemented method of processing loss payments, the method comprising: receiving a notice of loss at a computer system, the notice of loss including information contained in one or more fielded data points, the loss due to an automobile accident and including multiple exposures, each exposure representing a discrete portion of the loss that can be processed separately, where each exposure may independently expose an insurance company to liability; deriving, by the computer system, a payee from the information received; processing, by the computer system, one or more rules using the information to derive a context of the loss and to derive a payment amount for an exposure of the multiple exposures of the loss based on the context; determining, by the computer system, whether an automatic payment can be made to the payee after verifying the accuracy of the payment amount for the exposure, where the automatic payment is processed in parallel with other exposures of the multiple exposures; transferring funds with the computer system to the payee if the automatic payment can be made; and notifying a customer service representative if the automatic payment cannot be made.