Shortland, Anja
Kidnap: Inside the Ransom Business
- ISBN 13:
- 9780198815471
- author:
- Shortland, Anja
- format:
- Hardback
- publisher:
- Oxford University Press
- language:
- English
- Publication Year:
- 2019
- Pages:
- 272
- Dimensions:
- 22.4 x 14.8 x 2.7 centimetres (0
- Genre:
- Business, Insurance, General,
- Condition:
- New
- Availability:
- Item usually sent within 7 working days
Description
Kidnap for ransom is a lucrative but complex business. Despite its risks, millions of people live and travel in areas with significant kidnap risks, yet such kidnaps are surprisingly rare. Most abductions are peacefully resolved at low ransoms. The market for hostages is surprisingly well-ordered, allowing the crime to be insurable. However, paying a ransom poses significant risks. Kidnappers often maltreat their hostages, and releasing potential future witnesses after receiving money is not always in their interests. Kidnap: Inside the Ransom Business explores how insurers at Lloyd's of London have developed solutions for their customers. The book uncovers an intricate private governance system that orders transactions between the legal and criminal economies, based on interviews with industry insiders and hostage stakeholders.
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