Growth
Historically, only about one or two patents per year issued in the US on inventions specifically related to insurance policies.
This changed dramatically, however, with the 1998 State Street Bank Decision. The State Street Bank Decision was a ruling by the Court of Appeals for the Federal Circuit that confirmed that there was no “business method exception” under United States patent law. The number of patent applications filed per year after this decision was handed down jumped to about 150. The number of patents issuing per year jumped to about 30.
Read more about this topic: Insurance Patent
Famous quotes containing the word growth:
“Although its growth may seem to have been slow, it is to be remembered that it is not a shrub, or plant, to shoot up in the summer and wither in the frosts. The Red Cross is a part of us—it has come to stay—and like the sturdy oak, its spreading branches shall yet encompass and shelter the relief of the nation.”
—Clara Barton (1821–1912)
“You know that the nucleus of a time is not
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—Wallace Stevens (1879–1955)
“Interpretation is the evidence of growth and knowledge, the latter through sorrow— that great teacher.”
—Eleonora Duse (1858–1924)