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:
“Of all the wastes of human ignorance perhaps the most extravagant and costly to human growth has been the waste of the distinctive powers of womanhood after the child-bearing age.”
—Anna Garlin Spencer (1851–1931)
“The windy springs and the blazing summers, one after another, had enriched and mellowed that flat tableland; all the human effort that had gone into it was coming back in long, sweeping lines of fertility. The changes seemed beautiful and harmonious to me; it was like watching the growth of a great man or of a great idea. I recognized every tree and sandbank and rugged draw. I found that I remembered the conformation of the land as one remembers the modelling of human faces.”
—Willa Cather (1873–1947)
“But parents can be understanding and accept the more difficult stages as necessary times of growth for the child. Parents can appreciate the fact that these phases are not easy for the child to live through either; rapid growth times are hard on a child. Perhaps it’s a small comfort to know that the harder-to-live-with stages do alternate with the calmer times,so parents can count on getting periodic breaks.”
—Saf Lerman (20th century)