Extortion Insurance

Extortion Insurance

An insurance policy providing coverage in the event that the insured party is threatened with violence toward him/her or his/her property unless a payment is made. As with all insurance, one must pay a premium in exchange for coverage. See also: Political risk, Blackmail.
References in periodicals archive ?
Balan will lead XL Catlin's Crisis Management underwriting teams in New York, Atlanta and Boston, as well as managing relationships with global risk management consultants, to provide corporate clients with Product Recall, War, Terrorism and Political Violence, Kidnap, Ransom, and Extortion insurance and risk consultancy services.
University Hospital of South Manchester NHS Foundation Trust - Provision of Property and Business Interruption Insurance, Public Liability and Professional Indemnity Insurance, Fidelity Guarantee Insurance, Personal Accident and Travel Insurance, Directors and Officers Liability Insurance and Kidnap, Ransom and Extortion Insurance (Excluding Broking Services).
corporate clients with product recall, war, terrorism and political violence, and kidnap, ransom and extortion insurance and its Political Risk and Trade Credit business expanded into the supplier trade credit market.
In these uncertain times of world unrest, it is comforting to know that coverage is available by purchasing a Kidnapping, Ransom, and Extortion Insurance Policy.
Usually kidnap ransom and extortion insurance, subject to policy limits together with terms and conditions, reimburses the policyholder for the pirate's ransom and extortion demands and pays for hostage/ransom negotiation expenses.
Executive Protection Portfolio's kidnap/ransom and extortion insurance reimburses for certain ransom and extortion payments and a wide army of related expenses, and it makes available the services of Ackerman Group, a hostage negotiation and international security firm.
CHICAGO -- CNA announces a new Kidnap, Ransom and Extortion insurance product.
But with kidnap, ransom and extortion insurance, there is no such reporting agency "When you stop to think about it, the safety of our insureds living and traveling abroad is really the heart of what we get at," Mansour said.
Kidnap/Ransom & Extortion Insurance, which provides the resources to respond to the financial demands of kidnapping.
3, 2013 /PRNewswire/ -- XL Group has added a Crisis Management team to provide corporate clients in the US with Product Recall, War, Terrorism and Political Violence, Kidnap, Ransom, and Extortion insurance.
Available in 35 states, the insurer's kidnap, ransom and extortion insurance product provides coverage extensions beyond traditional coverage for threats to damage property or harm employees with a ransom demand, political evacuation, child abduction from a hospital or daycare on the company's premises, workplace violence incidents and disappearance of an employee when traveling on company business.