Kidnap for ransom is a lucrative but tricky business. Millions of people live, travel, and work in areas with significant kidnap risks, yet kidnaps of foreign workers, local VIPs, and tourists are surprisingly rare and the vast majority of abductions are peacefully resolved - often for remarkably low ransoms. In fact, the market for hostages is so well ordered that the crime is insurable. This is a puzzle: ransoming a hostage is the world's most precarious trade. What would be the "right" price for your loved one - and can you avoid putting others at risk by paying it? What prevents criminals from maltreating hostages? How do you (safely) pay a ransom? And why would kidnappers release a potential future witness after receiving their money? Kidnap: Inside the Ransom Business uncovers how a group of insurers at Lloyd's of London have solved these thorny problems for their customers. Based on interviews with industry insiders (from both sides), as well as hostage stakeholders, it uncovers an intricate and powerful private governance system ordering transactions between the legal and the criminal economies.
| ISBN: | 9780198815471 |
| Publication date: | 7th February 2019 |
| Author: | Anja Shortland |
| Publisher: | Oxford University Press an imprint of OUP OXFORD |
| Format: | Hardback |
| Pagination: | 262 pages |
| Genres: |
Organized crime Insurance and actuarial studies Political activism / Political engagement Political economy Legal aspects of criminology Criminal law: procedure and offences Travel Business and Management |
Kidnap for ransom is a lucrative but tricky business. Millions of people live, travel, and work in areas with significant kidnap risks, yet kidnaps of foreign workers, local VIPs, and tourists are surprisingly rare and the vast majority of abductions are peacefully resolved - often for remarkably low ransoms. In fact, the market for hostages is so well ordered that the crime is insurable. This is a puzzle: ransoming a hostage is the world's most precarious trade. What would be the "right" price for your loved one - and can you avoid putting others at risk by paying it? What prevents criminals from maltreating hostages? How do you (safely) pay a ransom? And why would kidnappers release a potential future witness after receiving their money? Kidnap: Inside the Ransom Business uncovers how a group of insurers at Lloyd's of London have solved these thorny problems for their customers. Based on interviews with industry insiders (from both sides), as well as hostage stakeholders, it uncovers an intricate and powerful private governance system ordering transactions between the legal and the criminal economies.
Kidnap features in the following genres: Organized crime, Insurance and actuarial studies, Political activism / Political engagement, Political economy, Legal aspects of criminology, Criminal law: procedure and offences, Travel, Business and Management
Kidnap is available in Hardback, Ebook
Kidnap was written by Anja Shortland and published by Oxford University Press an imprint of OUP OXFORD
Kidnap has 262 pages
£21.59