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Ocean Tomo and IPISC Announce Partnership to Offer Industry-Leading Intellectual Property Risk Management Solutions

Ocean Tomo and IPISC Announce Partnership to Offer Industry-Leading Intellectual Property Risk Management Solutions












Chicago, IL (PRWEB) June 06, 2011

Ocean Tomo, LLC, the intellectual capital merchant banc™ firm, and the Intellectual Property Insurance Services Corporation (IPISC), the original architect of intellectual property (IP) insurance, announce an initial two year partnership creating the industry’s most comprehensive IP risk management offering.

“IPISC’s CEO, Bob Fletcher, has been a pioneer in IP risk services. He has literally written the book on both product coverage and underwriting,” explained James E. Malackowski, Ocean Tomo’s Chairman and CEO. “IPISC will allow Ocean Tomo’s clients to access industry leading primary IP insurance as well as first-ever collateral enhancement for our investment and transactions business.”

Together, the two firms showcase every form of IP risk management available on the market today including:


Holistic risk protection from Patent Licensing & Enforcement Companies (P-LEC’s) through the Patent Royalty Trust™ program
Catastrophic IP Insurance leveraging individual or group captive programs
IP Defense Insurance providing support for unknown patent infringement risk
IP Abatement Insurance allowing business of all sizes access to resources required to enforce their patents
Multi-Peril Reimbursement and Unauthorized Disclosure policies extending protection beyond patents

“Ocean Tomo allows us to reach a much larger client base, including some of the world’s leading IP owners,” explains Fletcher. “We are particularly excited about the synergies that exist when you apply IPISC coverage to Ocean Tomo’s innovative investment products.”

In combination, one of the first projects already in process provides optional enforcement insurance to issuers of Unit License Right™ (ULR) contracts on the Intellectual Property Exchange International, Inc. (IPXI).

“IP insurance expands the opportunity for our university and government research members who do not always have access to needed capital if their patents face unauthorized use,” explains IPXI CEO, Gerard J. Pannekoek. “The work of Ocean Tomo and IPISC is a further example of how the industry is developing tools to support IPXI as a central marketplace for IP.”

Ocean Tomo and IPISC present a unique offering with a wide spectrum of product solutions, autonomous and proprietary underwriting, including Ocean Tomo PatentRatings® software, authority to write policies, and investment banking resources to support transactions of any size. Insurance capacity is in place with “pen” authority to immediately issue IP insurance policies. Current policies offer a wide range of coverage limits and can be tailored to specific company, service or product needs.

About Ocean Tomo, LLC

Established in 2003, Ocean Tomo, LLC, is the leading Intellectual Capital Merchant Banc™ firm. The company provides financial products and services related to Intellectual Property, including expert testimony, valuation, research, ratings, investments, risk management and transactions. Ocean Tomo assists clients – corporations, law firms, governments and institutional investors – in realizing Intellectual Capital Equity® value broadly defined.

Headquartered in Chicago, Ocean Tomo has offices in Boston, Greenwich, Orange County, Paris, and San Francisco. Subsidiaries of Ocean Tomo include: Ocean Tomo Risk Management, LLC; Ocean Tomo Asset Management, LLC; OTI Data Networks, LLC; Patent Marking, LLC; and Ocean Tomo Capital, LLC – publisher of the Ocean Tomo 300® Patent Index family. Ocean Tomo is the exclusive licensee and distributor of PatentRatings® system.

About Intellectual Property Insurance Services Corporation (IPISC)

With 20 years of experience, IPISC is a full service IP risk management firm. As the original architects of IP insurance, it provides insurance products and professional risk management services to help identify and reduce IP exposure and expense. IPISC’s success is attributed to its ability to retain some of the best and brightest in the insurance industry. The company’s highly educated and experienced team is the key factor in IPISC’s continued growth and success. The cohesiveness of its team, along with the passion for what it does, truly sets it apart as industry leader, setting the standard in the IP insurance industry.

About Ocean Tomo PatentRatings®

The PatentRatings® system is the most advanced web-based patent data, rating and analysis platform designed for objectively assessing patent quality, relative value, relevant patents and technologies, competition, and competitive trends. The market validated system is used by major global corporations among the top 100 IP holders. From individual patents and patent portfolios, to technology sectors and companies, the PatentRatings system provides unparalleled strategic insight and analysis. Visit PatentRatings.com for more details.

About the Intellectual Property Exchange International (IPXI)

IPXI is the world’s first financial exchange focused on Intellectual Property. The mission of IPXI is to meet the price discovery, transaction, and data distribution needs of IP-owners, investors, and traders, as well as other market participants by creating the central marketplace for IP assets and trading products.

Through its innovative product offerings, IPXI facilitates investment and risk management in IP-related assets, allows IP-owners to unlock the value of their assets, and creates efficient technology transfer markets to improve price discovery for IP-related assets and risks.

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Protect Your Bubble Reveal High Risk Holiday Destinations

Protect Your Bubble Reveal High Risk Holiday Destinations











(PRWEB UK) 9 September 2012

Purchasing travel insurance is as essential as packing the sun cream and swimming costume when it comes to holidays. Whether it’s a simple holiday to the Costa del Sol or venturing to somewhere a little more unusual, travel insurance can put your mind at rest when it comes to the risk of medical problems, theft, loss and other potential problems.

Of course, if planning to go to a high risk holiday destination, it pays to be even more mindful of potential problems, and travel insurance is an absolute necessity.

It’s advisable to check with the Foreign and Commonwealth Office website before making travel plans, as it will be able to advise on whether travel to any intended destination is recommended.

For instance, FCO currently advises against travelling to Iran, Mali, Somalia, Syria and Yemen and against some parts of Egypt, India, Japan and Thailand.

Lots of common holiday hotspots throughout Europe, America and the rest of the world have high crime rates, especially as tourists make easy targets for thieves and pickpockets. Some cities are infamous for this unsavoury act such as Barcelona, Rome and Prague. Unfortunately in these cities pick picketing is sometimes how people make their living.

Madrid and Paris are also high risk pick pocket destinations. The busy streets and crowded underground metro systems are ideal for crafty pick pockets.

It’s important to be wise to such crime and take reasonable care of valued possessions in order for a travel insurance policy to pay out. It’s always important to check the limits of individual items, as it could be as little as £250. Always report an incident, loss or theft as quickly as possible. Some insurance policies require this to be done within 24 hours to the police in order to claim. Check the policy to see how much the excess is for each claim.

If planning a visit to a destination that is prone to natural disasters, such as earthquakes, tsunamis and hurricanes, make sure the chosen travel insurance has both medical/health cover in case of injury, but also cancellation and curtailment cover in case of holiday abandonment. Places such as Florida, Japan, Hawaii and Turkey have suffered from such events in recent times.

Whatever holiday is chosen, a few simple steps can help make it a stress free experience. Research destinations beforehand, don’t panic if anything goes wrong and remember to keep a record of all insurance documents ready for emergencies.

Protect Your Bubble offers travel insurance from as little as £3.96 for a single trip policy. If a frequent traveller, annual multi-trip policies are available starting from £25.77.

About Protect Your Bubble

Backed by a Fortune 500 company, Protect your bubble is the UK’s largest gadget insurer that also offers a wide range of insurance products include Travel Insurance, Car Hire insurance, Smartphone insurance, Home insurance and Bicycle insurance; all at great value affordable prices.

Related Links:

Travel Insurance – uk.protectyourbubble.com/travel-insurance/

Car Hire Insurance – uk.protectyourbubble.com/carhire-insurance/

Airport Parking – uk.protectyourbubble.com/airport-parking/

Find Us On:

Facebook: facebook.com/ProtectYourBubble

Twitter: twitter.com/protectyrbubble

YouTube: youtube.com/user/protectyourbubble

Prices quoted correct at time of publish and are subject to change.























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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.









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Supply Chain Risk Study: Natural Disaster in China Could Impact Global Economy and Pose Greater Threat than Japan Earthquake and Tsunami

Supply Chain Risk Study: Natural Disaster in China Could Impact Global Economy and Pose Greater Threat than Japan Earthquake and Tsunami












Johnston, R.I. (PRWEB) December 06, 2011

The FM Global Supply Chain Risk Study, released today, surveyed 100 financial executives at large multinational corporations. It shows there is significant concern among companies for the potential of natural disaster-related supply chain disruptions in China, along with a growing acceptance that firms must be more diligent in addressing their exposures in the region.

“A secure and resilient supply chain creates a competitive advantage,” says Ken Davey, senior vice president, FM Global. “Delivering products and services when others can’t results in satisfied customers and opportunities to secure new ones. A fragile supply chain is clearly a competitive disadvantage if a disruption occurs.”

China is exposed to significant natural threats, including earthquakes, windstorms, floods and tsunamis. The FM Global study underscores the fact that supply chains in the region are more likely to face business disruption by a natural disaster, particularly because China has not yet fully embraced many of the risk management practices followed in Europe and the United States.

The research uncovered the following:


    Twice as many companies surveyed (86 percent versus 43 percent) say they are more reliant on China as part of their supply chain for their key product lines than they are on Japan (see chart).
    Eighty-three percent of companies surveyed consider supply chain disruption a moderate to great risk (see chart).
    Ninety-five percent of companies reliant on China for their supply chain are concerned about natural disaster-related disruptions (see chart).
    Sixty-five percent of companies surveyed are considering “increasing collaboration with suppliers on mitigating risk at their locations (see chart).”

“The findings of the FM Global Supply Chain Risk Study should be a wake-up call for companies that have substantial investment and dependency on supply chains in China,” says Vinod Singhal, Brady Family Professor of Operations Management at the Georgia Institute of Technology’s College of Management. “A natural disaster-related supply chain disruption in China would have far-reaching and long-lasting negative economic impact. It would slow down the global economy because China is not only a major exporter of goods, but also a major importer of goods. It would cause shortages in many consumer and industrial products that could lead to inflation and devastate the share price of companies.”

Dr. Howard Kunreuther, the James G. Dinan Professor of Decision Sciences and Public Policy at The Wharton School of the University of Pennsylvania, adds “The findings in this report point to how interdependent risks can have severe financial consequences in global supply chains. Firms need to undertake proactive measures, such as finding several sources of supply so that they are not dependent on one company that may be adversely affected by a natural disaster. There needs to be a realization that the process of developing a resilient supply chain takes time.”

FM Global recommends businesses ask four simple, but often overlooked, questions when looking at their organization’s resiliency, especially when it has, or could have, a critical reliance in emerging markets such as China:

1.    Does your senior management view resiliency as a competitive advantage and has it made the necessary commitment to addressing supply chain risk?

2.    Has your organization examined how it can mitigate risk within its product design and manufacturing processes?

3.    How well does your company collaborate with its suppliers to assess and mitigate risk?

4.    Does your corporation have appropriate business continuity and disaster recovery plans in place for supply chain disruptions in emerging markets, such as China?

FM Global commissioned TNS, a global market research firm, to conduct the study. One hundred financial executives (chief financial officers, treasurers and senior vice presidents of finance or financial officers at higher levels) from large global corporations (more than US$ 1 billion in sales) headquartered in North America were interviewed by phone between July and September 2011.

For an executive summary of the study findings, visit http://www.fmglobal.com/riskstudy.

About FM Global

For more than 175 years, many of the world’s largest organizations have turned to FM Global (http://www.fmglobal.com) to develop cost-effective property insurance and engineering solutions to protect their business operations from fire, natural disasters and other types of property risk. With clients in more than 130 countries, FM Global ranks #570 among FORTUNE magazine’s largest companies in America and is rated A+ (Superior) by A.M. Best and AA (Very Strong) by Fitch Ratings. The company has been named “Best Property Insurer in the World” by Euromoney magazine, “Best Global Property Insurer” by Global Finance magazine and was voted “Best Commercial Property Insurer” in Business Insurance’s 2010 annual Readers Choice Awards.

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As Impact of Natural Disasters Increases, FM Global Dedicates New Center for Property Risk Solutions and Opens 21st Century Learning Simulator

As Impact of Natural Disasters Increases, FM Global Dedicates New Center for Property Risk Solutions and Opens 21st Century Learning Simulator












Norwood, Mass., USA (PRWEB) September 21, 2011

In a year of unprecedented natural disasters and hundreds of billions of dollars in property damage worldwide, FM Global, one of the world’s largest business property insurers, has created the Center for Property Risk Solutions, marked by the opening of a new US$ 5 million experiential learning facility called the FM Global SimZone.

“The FM Global Center for Property Risk Solutions is the starting point for all the intellectual drivers for our property loss prevention expertise,” said Shivan S. Subramaniam, chairman and CEO. “With the opening of the FM Global SimZone, we’ve taken our capabilities far beyond where we’ve been before by creating a way for our engineers to experience our engineering solutions in a hands-on manner.”

Located outside of Boston, the FM Global Center for Property Risk Solutions houses the one-of-a-kind SimZone as well as the company’s scientific research operations, product-testing and certification division, offices for the development of property protection engineering guidelines and enterprise learning classrooms.

Like FM Global’s state-of-the-art, 1,600-acre Research Campus located in Rhode Island, the Center for Property Risk Solutions is central to the value the company provides its FORTUNE 1000-sized clients. “No organization has a center like this,” Subramaniam said. “It is the fountainhead of everything FM Global does for propelling its property protection guidance worldwide.”

A 21st Century Classroom Like No Other

The FM Global SimZone now enables the company to create simulations of environments and property hazards its loss prevention engineering consultants are likely to encounter.

The 21st century simulation-based classroom brings to life real-world educational scenarios involving common risks like fire, ignitable liquid, construction, equipment malfunction and electrical hazards. In the SimZone, thousands of possible property risk simulations can be created. These simulations provide hands-on opportunities for the company’s 1,800 engineers, and eventually clients, to apply their knowledge and critical-thinking skills to better protect business property from disasters.

“FM Global is the only insurance company with a facility that can simulate most types of potential property risks. That gives our engineers tremendous insights they can share with clients,” Subramaniam added. “The Center for Property Risk Solutions and the SimZone will help ensure property risks are only a distraction, not a disaster, for our clients.”

FM Global has occupied the Norwood, Mass., complex that is now the Center since the 1950s.

About FM Global

Established in 1835, FM Global (http://www.fmglobal.com) is a US$ 4.7 billion mutual insurance company, whose clients include more than one of every three FORTUNE 1000 companies and similar-sized organizations in more than 130 countries. FM Global works with its clients to develop robust property insurance and engineering solutions to protect business operations from fire, natural disasters and other types of property risk. Named “Best Global Property Insurer” by Global Finance magazine and “Best Property Insurer in the World” by Euromoney magazine, the company is rated A+ (Superior) by A.M. Best and ‘AA’ (Very Strong) by Fitch Ratings.

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