Channel Register: Lloyds Taking On Open Source IP Risk
Aug 12, 2005, 13:00 (1 Talkback[s])
(Other stories by Gavin Clarke)
"Lloyds of London is close to offering independent insurance
protection worldwide against potential IP litigation involving
Linux and open source software. The financial services giant has
agreed to take on the risk associated with open source, and is
finalizing arrangements to work through Open Source Risk Management
(OSRM) who will become Lloyds' sole US representative.
"OSRM will assess both the risk of the software in use and the
individual company, before passing on the risk to the appropriate
insurance company on the Lloyds market..."