Kidnap, Ransom and Extortion (KRE) insurance has become a coverage shaped both by intense carrier competition and a growing global need for it among corporations and the wealthy.
Kidnapping and extortion has become an industry of highly organized, often technologically advanced criminal groups looking to make a statement, a quick buck—or both.
Data suggests kidnappings may have risen 10 percent from levels in 2010 to more than 30,000 recorded incidents. Traditionally high-risk areas remain troublesome, while new hotspots are constantly emerging.
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