Kidnap and Ransom for Bankers

When I look at bank insurance programs I almost always find Kidnap, Ransom, and Extortion Insurance coverage in the fraud-bond (AKA the financial institution bond). That is a good thing. However, I have a concern with what I call extra-bank exposures. Events impacting bank employees but not directly involving banking. Examples: A bank … [Read more...]

Kidnap and Ransom Insurance

Over the past few months I have either reviewed or have been involved in obtaining kidnap and ransom insurance bids for 5 clients. This may be more than I have done in the past two years. I 'm not sure if there is more demand for the coverage or if it 's just a coincidence. Kidnap and ransom insurance is purchased to provide resources in the … [Read more...]