Insurance Patents

Insurance patents have not been a big factor in our business, but the use of patents in insurance got a big blow recently. A court determined that the US Patent and Trademark Office properly rejected a patent application involving an insurance business process. As reported by Insurance Journal (see here, and also here & here for additional information), a patent was sought for: A method for managing weather-related risk through commodities trading? Patent officials ruled that Bilski's business idea was...