An Interest In:
Web News this Week
- April 21, 2024
- April 20, 2024
- April 19, 2024
- April 18, 2024
- April 17, 2024
- April 16, 2024
- April 15, 2024
December 13, 2016 05:56 pm PST
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/QIycft63QF4/how-lloyds-of-london-solved-th.html
How Lloyds of London solved the precarious market for kidnapping ransoms
Kidnapping ransom markets are really tough: it's hard to convey the demand, hard to arrange the payoff, hard to get the kidnapping victim back in one piece -- but Lloyds of London has largely solved this problem by monopolizing the market for kidnapping insurance, then setting standards for the amounts of ransom to be paid and the conditions for payment. Kidnappers know that if they kill their prey, Lloyds will never pay them again. (more…)
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/QIycft63QF4/how-lloyds-of-london-solved-th.html
Share this article:
Tweet
View Full Article