i-law

World Insurance Report

Majority of kidnapping incidents still occur in Latin America

Kidnapping is a thriving business that is more common than companies would like to admit. Statistics are difficult to gather because only about 10% of incidents are reported on average

There is an intense focus right now on Africa and the region surrounding the Gulf of Aden due to the recent increase in piracy and kidnapping, but this is not a new problem, according to Yan Bui, a commercial insurance executive at Clements International, the Washington D.C.-based firm specializing in international insurance solutions.

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