Baghdad Activity Boosts Ransom Insurance Demand
NU Online News Service, Dec.16, 1:59 p.m.EST?Demand and prices for ransominsurance are rising, driven by soaring incidents of kidnapactivity in Baghdad and South America that have extracted paymentsas high as $77 million, a major London brokerage firmreported.[@@]
The broker, JLT Risk Solutions, said there has also been anincrease in quickie kidnaps to extract cash at bank machines.
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