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There was an article or discussion I believe I read on HN that discussed how kidnapping and ransom insurance reduced violent outcomes and made dealing with the
by jpmoral 5y ago
There was an article or discussion I believe I read on HN that discussed how kidnapping and ransom insurance reduced violent outcomes and made dealing with the kidnappers more predictable.
- bluGill 5y agoTrue, but what has made kidnapping mostly disappear is laws that make it illegal to pay a ransom. That makes it impossible to ask for help (as the police are more likely to find out) raising the ransom, and thus the total paid much less. Nothing is perfect, but when there is no money in the crime there is much less crime. (Don't confuse less with zero!)
- criddell 5y agoWhere is it illegal to pay a ransom?
- jpmoral 5y agoSure, but GP was asking about how insurance might work. Also, I'd thinnk making lowering ransoms (by making it illegal or other means) works only if it's paired with a low probability of the kidnappers being able to enjoy the proceeds.