Although the report discusses this issue in the future tense, a number of Latin American countries have already seen a dramatic rise recently in kidnapping and terrestrial piracy.Nor surprisingly, Lloyd’s concludes that in-depth understanding of the local political and social landscape, proper risk management and appropriate insurance coverage are all key to managing risks posed by expropriation and piracy and kidnap risk.For a copy of the report, please click here.For… [read post]

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