11–20 of 78 posts
Aw great, this is only going to cause MORE kidnappings since thieves will know they can get insurance money.
Much lower ransoms should mean kidnapping is less profitable and so supply should decrease (of kidnappings).
That website is TERRIBLE to read. Please fix your UX! https://streamable.com/q8xu0
Aw great, this is only going to cause MORE kidnappings since thieves will know they can get insurance money.
Before K&R insurers got together, firms and wealthy families were paying badly negotiated sky high ransoms. Now professionals negotiators with ice running through their veins negotiate much better "deals" and also reduce the risk of death by two thirds. Much lower ransoms should mean kidnapping is less profitable and so supply should decrease (of kidnappings).
Where there is kidnapping insurance, the kidnappers are going to know this in advance, and everyone involved will be the same players over and over. It’s a racket.
Except the insurance policy on a person is cancelled if word gets out that they have it.
Earlier quoted context omitted.
Except the insurance policy on a person is cancelled if word gets out that they have it.
Wouldn't certain class of people have a greater propensity of buying this type of insurance. Probably some decent overlap with the kinds of people kidnappers target in the first place?
Earlier quoted context omitted.
Before K&R insurers got together, firms and wealthy families were paying badly negotiated sky high ransoms. Now professionals negotiators with ice running through their veins negotiate much better "deals" and also reduce the risk of death by two thirds. Much lower ransoms should mean kidnapping is less profitable and so supply should decrease (of kidnappings).
if no one paid, there would be no more kidnappings for ransom
Earlier quoted context omitted.
Before K&R insurers got together, firms and wealthy families were paying badly negotiated sky high ransoms. Now professionals negotiators with ice running through their veins negotiate much better "deals" and also reduce the risk of death by two thirds. Much lower ransoms should mean kidnapping is less profitable and so supply should decrease (of kidnappings).
if no one paid, there would be no more kidnappings for ransom
Earlier quoted context omitted.
if no one paid, there would be no more kidnappings for ransom
The kidnappers can remain irrational longer than you can stay solvent.
Earlier quoted context omitted.
Before K&R insurers got together, firms and wealthy families were paying badly negotiated sky high ransoms. Now professionals negotiators with ice running through their veins negotiate much better "deals" and also reduce the risk of death by two thirds. Much lower ransoms should mean kidnapping is less profitable and so supply should decrease (of kidnappings).
if no one paid, there would be no more kidnappings for ransom
Where there is kidnapping insurance, the kidnappers are going to know this in advance, and everyone involved will be the same players over and over. It’s a racket.