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    Capital Market Authority Representative in Knesset Discussion on Protection Rackets: Insurance Companies Lack the Capacity or Incentive to Cover Such Cases

    At a session of the Special Committee for the Strengthening and Development of the Negev and Galilee, CPA Shmuel Zaken clarified that in cases of extortion through protection rackets, the risk becomes a certainty * MK Meirav Ben-Ari: Even the government-owned insurance company Inbal refuses to insure such extortion cases * Zohar Cohen, CEO of “Ad Kan” Organization, which combats protection rackets: A business that files a police complaint may lose its insurance due to drastic premium increases or policy cancellation
    EditorialBy 04 Mins Read