Kidnapping insurance

May 15, 2013

The obligation imposed on companies to publish a statement on executives' properties has had unexpected opposite effects. It provides organized crime with accurate information as to the potential targets of kidnappings as well as the amount of ransoms. The practice of abductions is a thriving business in South Africa which holds the third record in the continent behind Nigeria and Somalia, with an average of one rapt per day.
In an effort to protect their executive staff, the companies have come up with self-defense training programs along with insurance policies against such a risk.


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