I've long been an advocate of insurance for valuable domain names. I tried to get something going on this years ago with a high profile underwriter like Lloyds of London on the ticket, but I got distracted.
Kudos to Jay Westerdal for being first to move on this .. Brilliant guy. You should reinsure your risk and make sure Washington state doesn't have interstate insurance sales licensing requirements Jay.. The insurance business is a license to print money if you structure your risk correctly. Congrats again.
http://blog.domaintools.com/2007/09/domain-insurance-by-domaintools/
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