A domain name is a terrible thing to waist.

Cathie Jung, who is in the Guinness Book of World Records as having “The Smallest Waist on a Living Person” at 15 inches, has won rights to the domain name CathieJung.com.

Jung filed an Anticybersquatting Consumer Protection Act en rem (meaning it was against the domain name and not the registrant) case back in December 2009. Jung claimed that the domain name was registered by a corset designer. Indeed, it appears the site was used to send traffic to the registrant’s membership-based corset site.

The lawsuit was filed in U.S. District Court Eastern District of Virginia because .com registry VeriSign is located there. The judge handed down a default judgment this month that ordered the domain name to be handed back to Jung.

Jung was represented by Stephen Sturgeon.

Despite .co’s best efforts, cybersquatters pile on.

Washington Business Journal published a story today about companies that didn’t register their .co domain name equivalent, and how cybersquatters snapped up a lot of these domain names.

The story is somewhat amusing:

Local businesses beaten to the punch by online speculators include sports teams, media companies and even tech-savvy federal contractors.

“They didn’t do their homework,” said William Schippert, a Michigan accountant who snatched up washingtonnationals.co and domain names for several other baseball and football teams “for potential e-commerce purposes.” He’s now auctioning them on Godaddy.com.

Actually, it’s Schippert that didn’t do his homework. He’s cybersquatting, and these teams can get their domain names back in a number of ways. Especially now that he’s on the record saying why he registered the domain names.

Whenever a new TLD is launched, or a ccTLD is relaunched, you see a lot of small time cybersquatters jump in. The same thing happened with .me. I think it’s mostly an education thing; people recall back in the 90s when some people made money selling trademark domains back to their owners, and these people think this is an opportunity to relive that. But the world has changed since then.

UDRP on the docket for ICANN meeting next week.

ICANN’s Board of Directors will again consider its contractual relationships with Uniform domain-name Dispute Resolution Policy providers at its August 5 meeting, as well as consent to post an application from an entity wishing to become a UDRP provider.

The topic of contractual relationships with UDRP providers was on the April agenda but was tabled because the board ran out of time. It wasn’t on the agenda in Brussels (which was an open meeting during an ICANN meeting). But it’s there again for August 5, albeit the last item on the agenda. Which means it could be tabled again.

Separately, it appears a new entity has applied to ICANN to become a UDRP provider. Item 2g on the agenda states “Receipt and Posting for Public Comment of the Application to be a New UDRP Provider.” Of course I’m basing this on only that one line of information on the agenda — perhaps there’s an effort under way for a new application process.

Publicly traded Quinstreet acquires Insurance.com.

Lead generation company QuinStreet has purchased the Insurance.com web site and domain name.

A notice on Insurance.com states “Insurance.com has changed ownership. Click here to review our updated privacy policy.” The privacy policy notes that site is owned by Quinstreet.

I called a phone representative at Insurance.com who said the company was acquired “a couple days ago”. I am awaiting a response from Quinstreet with further details.

This was surely an expensive acquisition, but I can’t find information about it in any of Quinstreet’s SEC filings.

Last year QuinStreet purchased the Insure.com web site for $16 million. It then filed to go public on the NASDAQ, and now has a market capitalization of about $550 million.

Compete.com estimates that Insurance.com receives 325,000 visits per month.

Many readers of Domain Name Wire think that Insurance.com is the most valuable domain name in the world, even more valuable than Sex.com.

This video will resonate with a lot of domainers.

If you’re a domainer, you’re probably an entrepreneur. Maybe not a full time entrepreneur, but at least you take your future into your own hands.

Which is why I think you’ll appreciate this video from Cameron Herold speaking at a TEDxEdmonton. A warning: it’s 20 minutes long, so watch it when you want to take a break. But watch the whole thing, including the video at the end from Grasshopper.com.

I’ve been an entrepreneur since I could talk. Yet I feel that the American school system largely failed me. I did well, and even graduated college with a 4.0. But most of what I learned was wrote memorization with little practical use. It’s something I think about every day, especially with my daughter heading to kindergarten in a year.

Enjoy.