INSURANCE: Hedge Against Ransom

Kidnaping businessmen and forcing their employers to pay ransom has become a prime tactic of radical political groups, especially against U.S. companies operating in Argentina and other Latin American countries. The vulnerability of corporations to this kind of attack by revolutionaries or run-of-the-alley hoodlums even in the U.S. has been starkly dramatized recently by the abductions of Publishing Heiress Patricia Hearst in California and Newspaper Editor John ("Reg") Murphy in Atlanta. As a result, more and more companies are being spurred into buying a form of insurance policy that was all but...

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