Kidnap, Ransom and Extortion(KRE) insurance has become a coverage shaped both by intensecarrier competition and a growing global need for it amongcorporations and the wealthy.
Kidnapping and extortion has become an industry of highlyorganized, often technologically advanced criminal groups lookingto make a statement, a quick buck—or both.
Data suggests kidnappings may have risen 10 percent from levelsin 2010 to more than 30,000 recorded incidents. Traditionallyhigh-risk areas remain troublesome, while new hotspots areconstantly emerging.
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