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Non-Tech : RPX Corporation
RPXC 10.480.0%Jun 20 5:00 PM EST
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From: JakeStraw4/16/2014 8:42:35 AM
   of 20
 
RPX Launches New "A" Rated NPE Patent Litigation Insurance with Lloyd's
finance.yahoo.com

RPX Corporation (RPXC), the leading provider of patent risk management solutions today launched a new insurance service for businesses facing patent infringement litigation with non-practicing entities (NPEs). As a coverholder at Lloyd's, RPX Insurance Services, LLC will provide marketing, underwriting, and claims management services on behalf of a syndicate at Lloyd's. As part of its entry to this new service, RPX has formed a reinsurance company that will share a portion of the underwritten risk.

Any company today that provides a technology-based product or service is at risk from the growing threat of NPEs, also known by the "patent troll" moniker. RPX's insurance solution focuses on the underlying causes of NPE risk. Through proactive market intervention, RPX reduces risk exposure by acquiring patents before NPEs can assert them against its network of 168 clients. The company has deployed more than $100 million annually to acquire patents in each of the past six years. This acquisition activity has led to companies in the RPX network receiving more than 430 dismissals from over 60 litigations. Using the unique data from this industry-leading acquisition activity to drive its actuarial model and underwriting methodology, RPX can model patent risk for policyholders and offer effective risk transfer.
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