Clients can buy insurance that would cover the financial risk of a kidnapping or hijacking, but brokers should be aware of several things. “In the event of a kidnapping, the onus is on the client to finance the ransom payment…
Piracy activity in Southeast Asia and the East Africa and Indian Ocean High Risk Area (HRA) during 2016 Q3 declined compared to Q2, but a high threat of crew kidnapping and hijacking remains in Southeast Asia and West Africa, NYA…