Security
27/03/2008 Tiger Kidnap
Tiger Kidnapping is a growing phenomenon that continues to affect the jewellery trade and cases are on the rise.
What is tiger kidnapping?
Tiger kidnapping is an abduction done in order to aid a robbery. It is called Tiger kidnapping because of the predatory stalking that precedes it. A person of importance to the victim will be held hostage as collatarell until the victim has met the ciminal's demands. Unlike other forms of kidnapping, "tiger" kidnapping is not to extort money from the victim's family, as is the norm in many kidnap-for-ransom cases. Instead tiger kidnapping uses the threat of violence against the person as leverage to force someone else to become a criminal e.g., to commit a robbery. Although Tiger kidnappings occur all over the world, however it is reported they are more predominant in the UK, Ireland and Belguim.
There is an informative article this month about the Tiger kidnaps and the security lessons that can be learnt and applied from past incidents which you can read at
http://www.info4security.com/story.asp?sectioncode=10&storycode=4117682
Jewellers Block Policies insure against loss of stock in the event of threat or injury (hold up cover) which is the kind of threat which may be used to steal stock, however the same threat applied to a member of your family to obtain money by extorsion an asset rich individual is unlikely to be insured. For a successful claim under the Jewelllers Block Policy the stock or goods in trust must lost.
GJIS Limited can provide Kidnap and Ransom insurance contact us for more information
