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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.'"

9 of 135 comments (clear)

  1. Re:But when can we get tiger-attack insurance? by Master+of+Transhuman · · Score: -1, Offtopic


    Yup. This is how the "War on Terror" seems to be working.

    Got lots of people getting patted down in airports and New York subway riders getting randomly searched and people's library books getting inspected - and some old guy in the midWest called Bush a liar on talk radio and got raided by the local cops - and no terrorists in sight - unless you count the London underground...which of course you have to.

    "War on Terror" = "stupid rock".

    --
    Richard Steven Hack - This sig is TOO GODDAMN SHORT TO DO ANYTHING USEFUL WITH! MORONS!
  2. Re:But when can we get tiger-attack insurance? by timeOday · · Score: 0, Offtopic

    What about London's network of security cameras though? I hate the very idea of those things. But on the other hand, they identified the perpetrators of both transit attacks and made arrests with amazing speed.

  3. Re:ahahahhaha by Anonymous Coward · · Score: -1, Offtopic

    lol, what?

  4. Re:ahahahhaha by Anonymous Coward · · Score: -1, Offtopic

    LOL, what?

  5. Re:But when can we get tiger-attack insurance? by Seumas · · Score: 1, Offtopic

    We captured the 19 9/11 bombers on video cameras in an airport, too. They still got on an airplane and blew shit up. (They had IDs too, mind you).

    See, here's the problem:

    + Cameras do not PREVENT crime.
    + Valid IDs, RFIDs, national ID cards and so on do not PREVENT crimes.
    + Police do not PREVENT crime.

    + Cameras help identify what happened or who committed a crime AFTER THE FACT.
    + Valid IDs help identify the criminals AFTER THE FACT.
    + Police help capture criminals AFTER THE FACT.

    These things all aid in finding and prosecuting criminals, but they don't prevent the crimes or save victims (how many rapes in progress does a phone call to the police prevent?).

  6. Re:But when can we get tiger-attack insurance? by timeOday · · Score: 0, Offtopic
    See, here's the problem:

    + Cameras do not PREVENT crime.

    The July 21 bombers did not die, rather they fled the scene. Failing to catch them would be a safety risk.

    It's true you can't prevent a criminal's first crime with enforcement, but robbers and rapists don't just perpetrate once and then quit. Usually they persist until they're caught, or grow old (after committing many crimes).

  7. Re:The end of OSRM? by Thing+1 · · Score: 0, Offtopic

    I never get mod points any more (wish I knew wtf I did), so all I can do is say: MOD PARENT UP!

    --
    I feel fantastic, and I'm still alive.
  8. You f4il i7... by Anonymous Coward · · Score: -1, Offtopic

    JOIN THE GNAA!! but suffice it a dead man walking. vary for differBent progress. Any Here, please do

  9. Re:But when can we get tiger-attack insurance? by badfish99 · · Score: 0, Offtopic

    Suicide bombers usually perpetrate their crime just once. The ones on July 21st were just incompetent.