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:
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—Dorothy Corkville Briggs (20th century)
“There are enough fagots and waste wood of all kinds in the forests of most of our towns to support many fires, but which at present warm none, and, some think, hinder the growth of the young wood.”
—Henry David Thoreau (1817–1862)
“You know that the nucleus of a time is not
The poet but the poem, the growth of the mind
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As victory. The poet does not speak in ruins
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He shares the confusions of intelligence.”
—Wallace Stevens (1879–1955)