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...Chubb Seeks Reduction in Cargo Theft through Information Sharing Network
WARREN, N.J., Jan. 6 /PRNewswire/ -- The Chubb Group of Insurance Companies has joined an initiative to combat cargo theft in the United States through improved information sharing between industry and law enforcement. The CargoNet initiative involves a national database and secure information sharing network, as well as education and loss prevention services.
"Our charter membership in CargoNet demonstrates Chubb's strong belief in supporting our customers' loss control efforts in every way possible. Cargo theft causes significant direct and indirect losses throughout the supply chain, and left unchecked, it results in an economic drain to shippers, carriers and, ultimately, consumers," said Pat Stoik, vice president, Chubb & Son, and Chubb's global commercial inland marine manager.
"A national database will make it easier to spot cargo theft trends and develop effective loss prevention techniques," said Stoik. "Today, it's impossible to place an exact cost on cargo theft--which includes theft by land, sea and air." Law enforcement and industry officials estimate that the cost of cargo theft runs in the billions of dollars annually, and many losses are either underreported or unreported. Consumer electronics, food and clothing are the three most stolen types of cargo, a Chubb study found. Truck stops and rest areas are the most targeted locations for cargo thefts, accounting for more than one-third of all incidents, followed by modal yards and unsecured locations such as drop lots and motel and restaurant parking lots.
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Chubb Security Systems- News
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Chubb Seeks Reduction in Cargo Theft through Information Sharing Network The CargoNet national database and information sharing system will be managed by crime analysts and subject matter experts. The system applies an integrated Cargo security initiative will kick off soon in USAall 10 news articles » |
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