War in Iraq, terrorism heightens exposure; insurers offer coverage, expertise
The war in Iraq has brought incidents of hostage-taking and kidnappings to the forefront. It seems that every few weeks the TV news media broadcast new video of people being held hostage and pleading for their lives.
While the scenes are chilling and awful to watch, these types of incidents have been an ongoing problem in others parts of the world for many years–but not highly publicized. Colombia, Mexico, Brazil and Argentina are hotbeds of kidnapping activity. Indeed, Colombia has the highest kidnapping rate in the world with 1,441 reported abductions last year. Unfortunately, many more incidents go unreported.
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