Patent Document ID: 8706586
Application ID: 11888931
Patent Status: 1

Claim One:
1. A computer-implemented method for identifying select ones of insurance records which possess a favorable subrogation potential for an insurer, the method comprising: receiving by a processor data indicative of a plurality of insurance claims as to which the insurer has a right of subrogation, the data including, for each insurance claim, a type of insurance claim, a size of the insurance claim, a type of responsible person, and whether the policy under which the claim is made is a personal or business policy; calculating by the processor a base score for each of the claims indicative of likelihood of expected subrogation recovery dependently upon the received data, the calculating of the base score employing attributes including: the type of insurance claim, the insurance claim type values comprising automobile physical damage, automobile collision, and workers compensation, the size range of an underlying insurance claim, and a type of responsible person, the responsible person type values comprising individual or business; receiving by the processor risk factors for each of the claims, including whether a policy under which each claim was made is a personal or a business insurance policy, degree of insured's and tortfeasor's culpability for subrogation recovery, reduced collection potential evidenced by failure of other collection agencies to recover, and limitations due to difficulty in identifying and/or locating tortfeasor; and, scoring by the processor each of the claims dependently upon the base scores and received risk factors to provide a value indicative of an expected subrogation recovery, the value not representing a sum certain of an obligation to the insurer, and storing the value by the processor in a memory.