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Somali Piracy

In the past several years, pirate attacks on vessels in the northern Indian Ocean made headlines as hostages and the ships on which they worked were held for ransom in record numbers. It proved to be an attractive and lucrative career for poor residents of Somalia and surrounding areas — many of whom have little [...]

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The good news is that the number of pirate attacks on the high seas was slightly lower in 2011 than in 2010. The bad news is that they’re are still a ton of them occurring around Africa. The 439 attacks recorded last year were just 6 fewer than the amount in 2010, according to the [...]

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Faithful readers: the January/February issue of Risk Management magazine is now online. The cover story focuses on women’s struggles and successes within the risk management and insurance industry. Other features explore the rising risk of pirate threats on the high seas, the 3 worst assumptions risk managers make and how a new SEC rule changed [...]

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The swine flu vaccination for children isn’t strong enough, so it’s being recalled. Despite yesterday’s passage of Wall Street Reform and Consumer Protection Act (HR 4173) in the House, regulators across the globe are still dragging their feet on financial sector reform. Paul Volcker continues to tell everyone who will listen — and even those who [...]

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