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Do insurance companies pay ransoms for kidnappings?

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Kidnap & Ransom insurance policies provide coverage typically for monies paid to kidnappers or extortionists, loss of ransom in transit, and other expenses incurred as a result of a kidnapping. These threats are very real and can happen to any business. read more

“The kidnap-and-ransom market does not pay ransoms to terrorists — this clause relates to the reimbursements of payments by an insured to secure the life of a kidnapped person,” a spokesperson for Lloyd’s, one of the major players in the market, said when the bill was proposed. read more

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