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Lloyds of London to Offer Open Source Insurance

Posted by CmdrTaco on from the stuff-to-read dept.

darkworm writes "Lloyds of London, the world's oldest insurance house, is to offer indemnification for IP litigation worldwide according to the Channel Register: 'Lloyd's 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 Lloyd's sole U.S. representative.'"

5 of 135 comments (clear)

  1. But when can we get tiger-attack insurance? by mcc · · Score: 4, Funny
    For whatever reason, this is all I can think of right now.
    Lisa: By your logic, this rock keeps tigers away.
    Homer: Oh? How does it work?
    Lisa: It doesn't work.
    Homer: Uh-huh.
    Lisa: It's just a stupid rock.
    Homer: Uh-huh.
    Lisa: But I don't see any tigers around here, do you?
        [pause]
    Homer: Lisa, I want to buy your rock.
    --
    Irritable, left-wing and possibly humorous bumper stickers and t-shirts
  2. Woohoo! by Norfair · · Score: 3, Funny

    Free Open-Source insurance! Er, wait, that was free as in beer, right?

  3. Libre, not Gratis by einhverfr · · Score: 2, Funny

    Or so I was thinking. I mean, I can modify this insurance and pass it on to anyone else who needs it free of restrictions, right?

    --

    LedgerSMB: Open source Accounting/ERP
  4. Re:Microsoft! by slashflood · · Score: 2, Funny


    It was a fsking joke. Asshole mods...

    We know, but it wasn't fsking funny...

  5. Just sounds weird by darthgnu · · Score: 2, Funny

    I saved a whole bunch on my open source insurrance by switching to Geico

    --
    Freedom is strength, Ignorance is peace, War is slavery.