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