Language Selection

English French German Italian Portuguese Spanish

Lloyd’s Insures Open Source

Filed under
OSS

Lloyd’s of London and Open Source Risk Management (OSRM) are putting the finishing touches on a deal that will grant comprehensive insurance protection to open-source users and vendors.

OSRM, a two-year-old company focused on protecting the open-source community from litigation risks, said that it is working with a number of insurance carriers but is close to announcing an arrangement whereby it will become Lloyd’s’ exclusive U.S. representative to the open-source community.

Vendor-Neutral
“We have a vendor-neutral and a collaborative approach so we are working with others in various stages to bring about insurance for open-source software,” said John St. Clair, chief operating officer of OSRM. “We could be particularly helpful to organizations using open-source software from various vendors. They can obtain insurance from one source rather than from many of them.”

Mr. St. Clair said that insurance in the open-source community is a complicated matter because open-source software is included in various forms in many proprietary software programs that come into an enterprise.

A number of well-financed and stable open-source vendors, including Red Hat, Novell, Hewlett-Packard, and JBoss, have announced the availability of various forms of insurance protection for open-source customers.

Full Article.

More in Tux Machines

NGINX moves towards web server dominance with European expansion

Web server NGINX powers more than 317 million sites around the globes, and has rapidly replaced Apache as the engine of choice for the world's 100,000 busiest, counting Netflix, Airbnb and Dropbox among its high-profile clients. NGINX Inc - the company set up to commercialise the open source technology - has now set its sights on developing its business in Europe and recently opened a new EMEA headquarters in Cork, Ireland as a launching point to the region. NGINX began life as a web server written by a Russian engineer called Igor Syosev in 2002 while he was working as a system administrator for the portal site Rambler. Read more

Red Hat and Fedora