Insurance for "kidnap and ransom" developed as a specialty line to address the risk of prominent people and international businesspeople being kidnapped for ransom by criminals and political actors. With the recent surge in "ransomware" attacks on computer networks, managing extortion demands has become a concern for a broader range of organizations.

This session will describe the origins and evolution of "K&R" coverage and discuss its impact on public policy regarding dealings with extortionists. The seminar will then discuss current developments and distinctions in coverage for cyber extortion and other forms of extortion.