Word: ransoms
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More and more companies are preparing for the chance that their precautions may fail by buying K and R (for kidnaping and ransom) insurance policies sold by Lloyd's of London and some oth er companies, including several U.S. firms. Insurance officials do not speak much about this business, fearing that more countries will follow Italy in banning K and R policies on the ground that they encourage kidnapings. But some brokers say that sales of such policies on the London insurance market alone have more than doubled in the past two years, with as much...
...company fails to free him as quickly as possible, he or his family can bring-and possibly win-a damage suit against his employers for negligence. Fred Rayne admits that on behalf of two foreign corporations he has handed over $1.5 million to Latin American terrorists as ransom for kidnaped executives. It was a bargain, he argues, since the executives might otherwise have sued for much more...
...shrug off personal danger as just one more situation requiring the ancient art of arrangiarsi (literally, to make shift) -getting the upper hand on life's many minor irritations. Since the country's wave of kidnapings developed in the early 1970s, 241 Italians have been snatched for ransom. Top executives remain prime victims. Two weeks ago, Movie Producer Niccolo De Nora was released after a record 524 days in captivity; his ordeal went on so long because his family reportedly had to raise the ransom ($4 million or more) in installments. The rich and powerful have been joined...
Some weeks later, the duke goes to Maurizio's tobacco shop to deliver 800 million lire ($925,000) in ransom. Soon Giovanna is released and reunited with her parents. They sing the triumphant trio Alfin ci ritroviam! (At last we are reunited!). The Chorus then sings the plaintive Benche liberata sia, Daniel ha rapito il suo cuore ribelle (Though freed is she, Daniel has kidnaped her rebellious heart). The police raid Maurizio's apartment, and he is carted...
...Vevey, police last week recovered the body in a cornfield near Lake Geneva. The kidnapers, it turns out, were a Polish car mechanic and his Bulgarian accomplice. The motive? Money. The pair have been telephoning Chaplin's widow, Oona, for several weeks, demanding at first $600,000 in ransom. Police tapped the calls through it all, and finally closed in on one of the robbers in a Lausanne phone booth. The idea for the grisly theft, the robbers admitted to the authorities, came from "reading about Italian kidnapings in the papers...