Product Update

"Kidnap and Ransom Insurance: A Private Market Serves a Public Function" in The Risk Report


Three-quarters of the Fortune 500 companies reportedly have kidnap and ransom (K&R) coverage, and that number is growing. In the August 2021 issue of The Risk Report, "Kidnap and Ransom Insurance: A Private Market Serves a Public Function," Joseph Harrington explains who needs it, who's covered (and not covered), what acts are insured, losses and expenses that come into play, exclusions under K&R insurance, confidentiality clauses, and other intricacies of this specialized insurance.