Cargo Theft Trends And Underwriter’s Guide To Reduce Losses-Cargo Theft Trends And Underwriter’s Guide To Reduce Losses

Video Transcription

Video Summary

The webinar by the Inland Marine Underwriters Association highlighted cargo theft trends, with insights from experts Tim Grendel, Stephen Lang, Sal Marino, and Keith Lewis. They discussed the increase in theft during 2020, focusing on household goods and Texas being a top state for theft. The second quarter of 2021 saw a decrease in theft compared to the previous year. Electronics were noted as a targeted commodity during Labor Day weekends. Tips were shared to prevent theft during long weekends, emphasizing scheduling challenges and common theft patterns. The webinar also discussed the impact of deregulation and technology on the industry, advocating for tools like CargoNet for risk identification and protection during hauls. Protection measures included covert tracking devices, driver teams, security escorts, and collaborative emergency responses with law enforcement. Members of CargoNet were encouraged to report thefts for swift action and recovery. The importance of timely reporting and membership benefits was stressed to access resources and support. Participants were invited to complete a feedback survey for future webinar improvement.

Asset Caption

Date of Publication: August 24, 2021
Duration: 83 minutes

This webinar examines the types of cargo theft, commodity trends, key submission information and covered/not covered insights.

Meta Tag

Module Loss Control & Claims

Keywords

Inland Marine Underwriters Association

cargo theft trends

Tim Grendel

Stephen Lang

Sal Marino

Keith Lewis

household goods theft

Texas theft trends

electronics theft

Labor Day weekends theft

prevent theft tips

CargoNet risk identification