Protecting Executives Abroad: Kidnap, Ransom Insurance

Law360, New York (February 29, 2012, 2:13 PM EST) -- While business risks are rarely measured in terms of life and death, the recent experiences of three expatriate executives demonstrate that the developing markets of today’s turbulent global economy can present dangers far more significant than any potential reward. It is not surprising, therefore, that many companies are exploring ways to combat the risks associated with doing business in high-risk regions.

One increasingly popular risk management tool for such companies is kidnap and ransom insurance. Examples abound that demonstrate the need for such insurance.

In December...
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