Welcome!

News Feed Item

Intellectual Property Insurance Services Corporation announces the launch of a complimentary service

Intellectual Property Insurance Services Corporation (IPISC) announces the successful launch of a complimentary service- Litigation Management Services.

LOUISVILLE, Ky., Aug. 14, 2014 /PRNewswire/ -- IPISC, the intellectual property (IP) insurance industry leader, is pleased to announce that Litigation Management Services (LMS) are an included service to all IPISC policyholders. The Litigation Management Services team assists policyholders by managing the legal services, processes and costs associated with IP infringement litigation. The Litigation Management team, combined with IPISC's extensive IP litigation management experience, time and again saves the policyholder more than the amount paid in premium.

Intellectual Property Insurance Services Corporation logo.

Here's how Litigation Management Services works. In the recently adjudicated Octane Fitness case, our Insured, Octane, won a unanimous verdict and also enjoyed the benefit of saving $344,000 in legal fees, considered outside of the billing guidelines that counsel accepted at the onset of the case.

At the time of a claim, IPISC's LMS team monitors the legal activities of the litigating counsel to ensure the adherence to pre-negotiated billing rates and guidelines while also making sure that litigation tactics are case driven- not fee driven. The LMS team works with the policyholder, ensuring that they are aware of and understand the impact of litigation tactics at every stage, so they can effectively litigate their lawsuit while keeping hard-earned money in their pockets.

Robert Fletcher, President of IPISC, explains, "I personally do not know of any other insurance company that is a bigger advocate for their policyholders than IPISC through its Litigation Management team. The services they provide are a tremendous value-add to our policyholders when they find themselves involved in a multi-million dollar lawsuit. Generally, our policyholders do not have the resources and are not prepared to handle the ins and outs of a time-consuming litigation process." Fletcher emphasizes, "The costs to litigate IP infringement cases are high and continue to rise. Our affordable insurance products and valuable services offer real solutions for managing IP risks that companies just can't find anywhere else in the insurance market."

IPISC's Litigation Management team's depth of experience, in conjunction with IPISC's IP-specific insurance policies, ensures that companies have the monetary resources, and the support needed in the event of an IP infringement lawsuit.

About IPISC

IPISC is the most-trusted name in the intellectual property (IP) insurance market, offering the longest-standing, established insurance products to help fund IP litigation. Being in the business of IP insurance for 24 years, you can trust the reliable experience of IPISC's team to help ensure successful outcomes for our policyholders.

Contact Information:

Intellectual Property Insurance Services Corporation

9720 Bunsen Parkway, Louisville, KY 40299
Ph. 502-491-1144 / Tf. 800-537-7863
http://www.patentinsurance.com

Media contact: Karrie Lewis, 502-855-5310; [email protected]

Logo - http://photos.prnewswire.com/prnh/20130716/CL46586LOGO

SOURCE Intellectual Property Insurance Services Corporation

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vice president of product management, IoT solutions at GlobalSign, will teach IoT developers how t...
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, will explain how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
Much of the value of DevOps comes from a (renewed) focus on measurement, sharing, and continuous feedback loops. In increasingly complex DevOps workflows and environments, and especially in larger, regulated, or more crystallized organizations, these core concepts become even more critical. In his session at @DevOpsSummit at 18th Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, will show how, by focusing on 'metrics that matter,' you can provide objective, transparent, and meaningfu...
Digital payments using wearable devices such as smart watches, fitness trackers, and payment wristbands are an increasing area of focus for industry participants, and consumer acceptance from early trials and deployments has encouraged some of the biggest names in technology and banking to continue their push to drive growth in this nascent market. Wearable payment systems may utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes...
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, will discuss how leveraging the Industrial Interne...
In his session at 18th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., will focus on real world deployments of DDoS mitigation strategies in every layer of the network. He will give an overview of methods to prevent these attacks and best practices on how to provide protection in complex cloud platforms. He will also outline what we have found in our experience managing and running thousands of Linux and Unix managed service platforms and what specifically c...
Many private cloud projects were built to deliver self-service access to development and test resources. While those clouds delivered faster access to resources, they lacked visibility, control and security needed for production deployments. In their session at 18th Cloud Expo, Steve Anderson, Product Manager at BMC Software, and Rick Lefort, Principal Technical Marketing Consultant at BMC Software, will discuss how a cloud designed for production operations not only helps accelerate developer...
Redis is not only the fastest database, but it has become the most popular among the new wave of applications running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 18th Cloud Expo, Dave Nielsen, Developer Relations at Redis Labs, will shares the functions and data structures used to solve everyday use cases that are driving Redis' popularity.