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Tuesday, May 11, 2004

Business Travel: Danger Everywhere

Providing security for U.S. firms such as movie studios working overseas has become a profitable but tricky business. NY Times reports about Aon/Albert G. Ruben, an insurance broker for the entertainment industry:

The opening credits of "Man on Fire," which centers on a kidnapping plot in Mexico City, state that a kidnapping takes place every 60 minutes in Latin America and that 70 percent of the victims do not survive. According to Mr. Palmer, 10 to 20 kidnappings occur each day in Mexico City alone, making it second only to MedellĂ­n, the drug center in Colombia, as the kidnapping capital of the world.

...the U.S. media only covers about 1 percent of what is happening around the world in terms of terrorism, crime and organized crime...

• Johannesburg, South Africa: highest car-jacking rate in the world, in part leading to the second-highest murder rate

• Eastern Europe, Russia & Commonwealth of Independent States: rampant organized crime and official corruption

• Brazil: There is an extreme crime risk for filmmakers in major cities throughout the country

• Chechnya: The kidnap and ransom risk is extreme

Aon/Albert G. Ruben Releases Global Risks in Filmmaking Map [Insurance Journal]
Making the World Safer, One Client at a Time [NY Times, 11-May]
Map [Aon/Albert G. Ruben-Global Risk as of Jan-04]

Calculated Risk

MishTalk - Mike Shedlock

Paul Krugman - NY Times

The Big Picture - Barry Ritholtz

naked capitalism - Yves Smith

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