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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.'"

1 of 135 comments (clear)

  1. 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?).