EXTORTION - The use, or the express or implicit threat of the use, of violence or other criminal means to cause harm to person, reputation, or property as a means to obtain property from someone else with his consent . USC 18 The Hobbs Act defines "extortion" as "the obtaining of property from another, with his consent, induced by wrongful use of actual or threatened force, violence, or fear , or under color of official right." 18 U.S.C. S 1951(b)(2). INSURANCE - A promise of compensation for specific potential future losses in exchange for a periodic payment . Insurance is designed to protect the financial well-being of an individual, company or other entity in the case of unexpected loss . Some forms of insurance are required by law, (read thugs) while others are optional. Agreeing to the terms of an insurance policy creates a contract between the insured and the insurer. In exchange for payments from the insured (called premiums), the insurer agrees to pay th...