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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..."

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