Private Navy to Fight Somali Pirates

Insurance companies that insure the ships that pass by Somalia are figthting back. They are looking to put together a private Navy to protect the ships from the pirates. This is an interesting risk management technique, which is to control the pirate risk with force. I am wondering how the US Navy will feel about this since this private force will be in their jurisdiction. The way I see it is the insurance companies have a right to protect thier policy holders and their insured risk. This is just a very radical step to increase their risk management and to increase protection. It will be interesting how this works out. Until next time know your risks and be careful out there.  K

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