cargo theft News

Chicago-Area Police Recover $1M in Goods Taken from Rail Cars

South suburban Chicago police say they’ve arrested five men in connection with the recovery of more than $1 million in goods stolen from rail cars. Markham police said the stolen goods were found in a storage facility. They say five …

Growing Headache for Corporate Mexico: Robberies of Cargo Trains

Head southeast out of Mexico City for about four hours or so and you will come upon the town of Acultzingo. It is an impoverished, dusty little place nestled up against the rugged peaks of the Sierra Madre. Most inhabitants …

Allianz Launches Inland Marine Cargo Insurance Product

Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has launched Transportation Block 2020, a fully integrated and comprehensive inland marine cargo insurance product, complete with risk management services. Specifically, it features new cover for a range of …

Florida Trucking Association Partners With CargoNet to Address State Cargo Theft

Verisk Analytics, a data analytics provider, has formed an alliance between its CargoNet business and the Florida Trucking Association (FTA) to help members reduce cargo theft risk and lobby for stricter penalties and more public resources. CargoNet will assist the …

Insurance ‘Sting’ Aims to Catch Cargo Thieves During Their Busy Holiday Season

Somewhere in America, a tractor-trailer loaded with hidden surveillance equipment is parked at a truck stop or warehouse while authorities wait for thieves to steal it. No one is sure when, or even if, crooks will take it. But such …

Liberty Mutual Enhances Inland Marine Coverage, Partners with NER

Liberty Mutual Insurance has partnered with the National Equipment Register (NER) to provide its inland marine contractors’ equipment customers increased protection from equipment theft. The insurer is now offering an endorsement that waives the theft deductible up to $10,000 if …

World’s Hot Spots for Cargo Theft

Cargo theft rates in Europe increased 24 percent on average last year from 2011, and were on the rise in Asia as well, while rates in North, Central and South Americas remained consistent with prior years. The greatest risk of …

Transportation Intermediaries Association to offer CargoNet Services

Verisk Crime Analytics has formed an agreement between its CargoNet division and the Transportation Intermediaries Association (TIA) to help TIA members reduce cargo theft risk. Verisk Crime Analytics is a unit of Verisk Analytics. CargoNet will assist TIA in collecting …

Integro to Provide CargoNet Membership to Transportation Clients

Verisk Crime Analytics has formed a strategic alliance between its CargoNet division and insurance brokerage and risk management firm Integro Insurance Brokers to support the cargo theft prevention efforts of Integro’s domestic Property Broker and Forwarder clients. Verisk Crime Analytics …

Rebounding Economy Spurs Growth in Cargo, Supply Chain Risks

A slow trend toward economic recovery in the U.S. may mean good news/bad news for insurance agents and brokers who handle commercial accounts with cargo and supply chain vulnerabilities. The good news is growth in sales and manufacturing will generate …