Lloyd's to provide open source IP indemnity
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Lloyd's of London, the oldest insurance organisation in the world, is to underwrite open source software against claims of of intellectual property infringement. The insurance will be available through brokers to companies and organisations who are worried about being sued over their use of open source software such as Linux by companies who would caim that it infringes their intellectual property rights. John St. Clair, the chief operating officer of insurance firm Open Source Risk Management (OSRM), said on Friday that OSRM is working with "a number of" Lloyd's syndicates, who will start offering open source insurance "within the next few months".
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