Cargo Insurance

The threat of cargo theft is a persistent risk for businesses operating in the global supply chain, with organized crime groups continually adapting and evolving their tactics to target high-value goods. According to our latest Cargo Theft Report, the rise in strategic thefts, which involve deception, fraud, and sophisticated planning, is a key trend in 2024, with an exponential increase in the United States in particular. In North America, the risk of cargo theft is heightened, with the United States and Canada experiencing significant increases in thefts. The report highlights that food and beverage products dominate the list of targeted […]

The surge in cargo theft incidents, including sophisticated scams like fictitious pickups and fraud schemes, has left logistics service providers facing significant challenges. Join us in our latest video. Karen Rzeszutko, President of Roanoke Insurance Group, and Tony Pelli, Practice Director for Security and Resilience at BSI, dive into the evolving threats and share actionable insights to protect your operations. Why This Video Matters Cargo theft is a growing problem that impacts every link in the supply chain. From theft hotspots in North America to emerging criminal tactics, Karen and Tony discuss: Key Cargo Theft Trends – Including hotspots like […]

Fictitious pickups are increasing in North America. In the US, the percentage of cargo thefts due to fictitious pickup rose from 1% in 2022 to 17% in 2023. Strategic theft patterns are also rising, where thieves use identity theft and fraud with fictitious pickup and brokering schemes to obtain loads from freight locations. Combatting this menace requires a combination of vigilance, technology, and a well-trained staff. Let’s explore some effective strategies for guarding against fictitious pickups and minimizing the risk of falling victim to scams. Per Tony Pelli, Practice Director, BSI Consulting, Specializing in Supply Chain and Security Risk Management, […]

As featured in the American Journal of Transportation  You may already be familiar with the significant global conflicts that are currently happening. However, what many people may not realize is that there are 25 other ongoing conflicts or unstable security situations worldwide, as defined by the Council of Foreign Relations’ Global Conflict Tracker. First and foremost, war and its humanitarian toll is a tragedy regardless of your political stance concerning any conflict. War also presents challenges for supply chains that the logistics industry must navigate. And when sending cargo into an adverse environment, risk management and insurance should be of […]

As featured in 3PL Perspectives Magazine in October 2023 Shippers must understand the differences in recovery options and choose the best and most cost-effective method to safeguard their financial interests. Property brokers and forwarders can assist customers by providing insightful guidance on these commonly misunderstood options. Rules of the Road – Interstate Shipments Since 1906, the Carmack Amendment to the Interstate Commerce Act has provided a federal scheme of carrier liability for actual loss and damage to goods during interstate ground transportation. 49 U.S.C.A. § 14706. To recover under the Carmack Amendment, the shipper must demonstrate the following: Delivery of […]

Written by Andrew Johnson & featured in the American Journal of Transportation Imagine you have spent six months planning and bidding the transportation of a large piece of equipment. The shipment travels from origin to port and is loaded onto an awaiting vessel for the ocean voyage to the destination port. The equipment is offloaded to a railcar at the destination port, surveyed, and tied down with no apparent damages. Upon arrival at the rail siding, you are notified of paint transfer and un-determined damage to the equipment. Your first step is to notify the cargo owner so they aren’t […]