It appears that the shipping insurance industry, taking increasing hits from the sheer volume of kidnappings by Somali pirates in the Indian Ocean, has decided to come up with some new responses to this. Market forces in action.
Watching a Channel 4 programme last night about a recent capture of a vessel and subsequent shootings, a figure came out that about 780 people hostages are still being held captive by these vermin. Kerist.
Brian Micklethwait has also written on this issue over at his blog.