Search:

Home | Finance | Insurance


By: Castle Rock Insurance Agency

Kidnap for Ransom cases are not like what you see on TV


Most Kidnap for Ransom cases abroad do not have demands in the 6 to 8 figure arena in real life. In fact according to CAAC-MRPO's kidnap statistics in 2005 the average amount paid for reported Kidnap for Ransom cases paid only $62,071.83 USD. Usually the unreported cases of Kidnap abroad are rumored to pay as little as few as a few thousand pesos or a few hundred USD.

More often Kids are Traveling Overseas and out of the Country and are subject to Kidnap


School groups, church groups and out vacationing children are more apt to leave the country to learn about other cultures. Many school trips, benevolent religious groups and organizations are taking students abroad to learn about assist other cultures. Many groups, parents and even the ones traveling are not aware of the many risks and dangers of potential kidnap in countries outside of ours. Many are untrained as to what to do in kidnap situations or the statistical likelihood of their abduction.

48% of Kidnap for Ransom Incidents occur in Latin America & 80% of Kidnap for Ransom Cases go Unreported


According to Insurance Carrier AIG's Crisis Management Division in Philadelphia, "there are over 20,000 reported kidnap for Ransom incidents annually, with 48 percent of them occurring in Latin America."

Additionally, the term "reported" is deceiving due largely to the fact that statistically speaking, less than 20% of kidnap cases go reported and that actual numbers estimated by experts indicate that the actual kidnap numbers range between 5 to 6 times the reported number of kidnap cases. This is largely due to distrust or participation to local law enforcement participation. Based on this secondary statistic, that places the annual incidence of Kidnap for Ransom closer to 100,000 cases per year.
See the Top 10 and Read More at: http://www.castlerockinternational.com/news/casualty-insurance/kidnap-ransom-extortion/104-top-10-kidnap-rated-countries-with-ransom-stats?showall=1

Article Source: http://www.articlebase.info

Kidnap Insurance - The Top 10 Places to get Kidnapped From

Trey Wilder, CIC - Brett Lipton

Castle Rock International Insurance

Please Rate this Article

 

Not yet Rated

Click the XML Icon Above to Receive Insurance Articles Via RSS!

Powered by Article Dashboard