Monday, May 24, 2010

Kidnap and ransom insurance

Kidnap and ransom insurance, also known as K&R insurance, provides protection for loss from kidnapping, extortion and wrongful detention. K&R polices indemnify for monetary losses, in the case of a paid ransom or other fees, and for accident losses such as death, dismemberment and disablement. The number of K&R policies has grown 15% to 20% over the past several years.
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