Analyzing the impact on insurance policies from catastrophic events

Abstract

A computing device programmed to receive and use event data, such as hurricane, earthquake, fire, flood, and storm event data, and map that data to computer display map along with insured data related to an insurance portfolio that can also be mapped by geographic area and value, so that a user can quickly determine the exposure to a portfolio from an event. The event can be either a real-time event or a historical event.

1 . A method comprising:
 evaluating, by a computer processor, an event path within an event geographic area for an event based on event data;   displaying, by the computer processor, the event data and a map of the event path geographically on a GUI display;   automatically acquiring, by the computer processor, insured data comprising an insured value for a plurality of insurance instruments and an insured geographic area of the plurality of insurance instruments;   displaying, by the computer processor, the insured data comprising the insured value for the plurality of insurance instruments geographically showing the insured geographic area on the GUI display;   comparing, by the computer processor, geographic coordinates of the event path and the event geographic area with the insured geographic area;   determining, by the computer processor, that the geographic coordinates of the insured geographic area intersects with the event path and the event geographic area;   determining, by the computer processor, that the insured geographic area is impacted by the event path and the event geographic area based on the intersecting of the geographic coordinates;   determining, by the computer processor, an exposure to the insured data based on an event severity along the event path, the event path, the event geographic area, the insured geographic area, an insured risk and the insured value; and   displaying, by the computer processor, the exposure to the insured data geographically on the GUI display.   
     
     
         2 . The method of  claim 1 , wherein the event geographic area includes a geographic area of at least one of an event location, the event path or a projected path of the event. 
     
     
         3 . The method of  claim 1 , wherein the event data is historical event data. 
     
     
         4 . The method of  claim 1 , wherein the event geographic area is obtained at least one of while the event is happening or when the event is about to happen. 
     
     
         5 . The method of  claim 1 , wherein the insured data further comprises an insurance company associated with each of the plurality of insurance instruments. 
     
     
         6 . The method of  claim 1 , wherein the event geographic area includes an event path shown with colored circles on the GUI display. 
     
     
         7 . The method of  claim 1 , wherein the displaying the exposure includes displaying different colors for different exposure risks. 
     
     
         8 . The method of  claim 1 , further comprising receiving a user selected custom region as the insured geographic area. 
     
     
         9 . The method of  claim 1 , further comprising receiving input to at least one of provide the real-time disaster alert icons or request more information about the event. 
     
     
         10 . The method of  claim 1 , further comprising displaying a graphic search box associated with the event type. 
     
     
         11 . The method of  claim 1 , further comprising:
 receiving input with the event name; and   display the event data associated with the event name.   
     
     
         12 . The method of  claim 1 , further comprising at least one of:
 automatically performing satellite triangulation, using a satellite transceiver, with a global positioning system (GPS) chipset coupled to the computer processor to determine current location information comprising longitude and latitude of a client device;   automatically establishing a communication channel with an over an air interface from a cellular base station to obtain the current location information for the client device; or   automatically establishing a communication channel with a first base station and a second base station, receive a first signal from the first base station, receive a second signal from the second base station, determine a timing of the first signal and the second signal and then determine the current location information based on the first signal and the second signal.   
     
     
         13 . The method of  claim 1 , further comprising automatically acquiring, by the computer processor, the event data about the event from a streaming service that provides the event data associated with the current location information in real time, wherein the event data comprises the event type, event name, the event severity, and the event geographic area. 
     
     
         14 . The method of  claim 1 , further comprising providing, by the computer processor, real-time disaster alert icons on the GUI display for user input, based on the event type, alert level and time span relating to the event. 
     
     
         15 . The method of  claim 1 , further comprising receiving, by the computer processor, from the GUI display a selection for a real-time disaster alert icon for a time span relating to the event. 
     
     
         16 . The method of  claim 1 , further comprising automatically acquiring, by the computer processor and from at least one of a vibration device or an accelerometer located in the event geographic area, the event data about the event that includes vibration data of vibrations occurring in the event geographic area that are caused by the event. 
     
     
         17 . The method of  claim 1 , further comprising providing, by the computer processor, a selection of a satellite icon on the GUI display for displaying at least one of real-time or historical satellite imagery of the event path. 
     
     
         18 . The method of  claim 1 , further comprising automatically switching, by the computer processor, the GUI display of the map of the event path to at least one of real-time or historical satellite imagery of the event path. 
     
     
         19 . A system comprising:
 A computer processor; and   a tangible, non-transitory memory configured to communicate with the computer processor,   the tangible, non-transitory memory having instructions stored thereon that, in response to execution by the computer processor, cause the computer processor to perform operations comprising:   evaluating, by the computer processor, an event path within an event geographic area for an event based on event data;   displaying, by the computer processor, the event data and a map of the event path geographically on a GUI display;   automatically acquiring, by the computer processor, insured data comprising an insured value for a plurality of insurance instruments and an insured geographic area of the plurality of insurance instruments;   displaying, by the computer processor, the insured data comprising the insured value for the plurality of insurance instruments geographically showing the insured geographic area on the GUI display;   comparing, by the computer processor, geographic coordinates of the event path and the event geographic area with the insured geographic area;   determining, by the computer processor, that the geographic coordinates of the insured geographic area intersects with the event path and the event geographic area;   determining, by the computer processor, that the insured geographic area is impacted by the event path and the event geographic area based on the intersecting of the geographic coordinates;   determining, by the computer processor, an exposure to the insured data based on an event severity along the event path, the event path, the event geographic area, the insured geographic area, an insured risk and the insured value; and   displaying, by the computer processor, the exposure to the insured data geographically on the GUI display.   
     
     
         20 . An article of manufacture including a non-transitory, tangible computer readable storage medium having instructions stored thereon that, in response to execution by a computer processor, cause the computer processor to perform operations comprising:
 evaluating, by the computer processor, an event path within an event geographic area for an event based on event data;   displaying, by the computer processor, the event data and a map of the event path geographically on a GUI display;   automatically acquiring, by the computer processor, insured data comprising an insured value for a plurality of insurance instruments and an insured geographic area of the plurality of insurance instruments;   displaying, by the computer processor, the insured data comprising the insured value for the plurality of insurance instruments geographically showing the insured geographic area on the GUI display;   comparing, by the computer processor, geographic coordinates of the event path and the event geographic area with the insured geographic area;   determining, by the computer processor, that the geographic coordinates of the insured geographic area intersects with the event path and the event geographic area;   determining, by the computer processor, that the insured geographic area is impacted by the event path and the event geographic area based on the intersecting of the geographic coordinates;   determining, by the computer processor, an exposure to the insured data based on an event severity along the event path, the event path, the event geographic area, the insured geographic area, an insured risk and the insured value; and   displaying, by the computer processor, the exposure to the insured data geographically on the GUI display.