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Carfax To Receive Patents To Help Insurance Industry


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Vehicle History Attributes to Improve Underwriting and Ratings

CENTREVILLE, VA--July 20, 2012: Carfax, Inc. is pleased to announce that the United States Patent and Trademark Office (USPTO) has published a Notice of Allowance for U.S. Patent Application Serial Number 13/181,736 titled "System and Method for Insurance Underwriting and Rating" and for U.S. Patent Application Serial Number 13/181,739 also titled "System and Method for Insurance Underwriting and Rating". A Notice of Allowance is issued after the USPTO makes a determination that a patent can be granted from an application. The issued patents would cover a system and method in which insurance underwriting and rating are based on vehicle history attributes.

"The issuance of these Notices of Allowance to Carfax cements our position as the leader in development of vehicle history based products and services," stated David Lackey, General Manager of Carfax Banking & Insurance Group. "These patent applications are part of our ongoing efforts to provide cutting edge services to the insurance industry."

The Carfax® Vehicle History Report-- is the industry standard, delivering more insight into a vehicle's history than any other source. Hundreds of insurance companies rely on Carfax as an integral part of their underwriting and rating, claims prioritization, total loss valuations, and SIU investigations.