Industry Insights

The liability landscape for the trade and transportation industry is changing. Carrier accidents on the road resulting in bodily injury and property damage (BIPD) claims pose a real financial threat to brokers, forwarders, and other transportation intermediaries. Recently, the number of large trucks involved in fatal crashes and the resulting jury awards have skyrocketed. Inconsistent application of the law has put the burden of these “nuclear verdicts” on not just the carriers but also the broker-forwarders responsible for hiring the carriers. This volatile litigation landscape and the rise in “nuclear verdicts” has specifically led to two related issues for transportation […]

Roanoke Insurance Group is delighted to once again sponsor a $5,000 scholarship to students intending to join the trade industry. The National Customs Broker and Forwarder Association of America (NCBFAA) offers this $5,000 scholarship award yearly and will be presented to the winner at the NCBFAA annual conference in April 2023. The topic for this year’s scholarship will be “U.S. Trade Embargoes – Are They Effective Tools to Promote Change?” This $5,000 Scholarship Award is available to any employee (or an employee’s child) of an NCBFAA Regular member. High school seniors or undergraduate students at an accredited college or university, […]

Increased Prices of Fuel, Agricultural Products, and Other Goods are Leading to Increased Theft In partnership with Roanoke, BSI’s Global Intelligence Analysts have provided a high-level outlook on the top supply chain risks expected in upcoming months, based on data and trends from the first three quarters of 2022. BSI’s data shows that thieves globally are increasingly targeting agricultural products, employee belongings, and automotive parts. This is partially due to increased food insecurity worldwide, and inflation driving up the prices of goods like agricultural products and fuel. The combination of these two factors makes these goods more lucrative to steal. […]

As featured in Forward Magazine At the AirCargo 2022 conference, a question was posed to the audience: Who has cyber insurance? Only 20% of the audience raised their hands! This is concerning because cyber-related crime is at an all-time high and still growing fast. The current data around cybercrime is alarming. By April of 2021, cyberattacks against the supply chain had risen an estimated 42% in the U.S. according to research by the Identity Theft Resource Center (ITRC). If you’re in the logistics industry, you’ll want to read this article, featured recently in Forward Magazine: “How Vulnerable is Your Company […]

Cargo thieves are poised to strike as you look forward to relaxing by the lake or beach during the upcoming Memorial Day weekend. Cargo theft increases during extended holiday weekends because cargo is typically left unattended for longer periods. However, you can stay ahead of these opportunistic thieves and reduce exposure by following these best practices to secure your supply chain. Premise Inspection and Security Check Check that all security equipment is in working order Perform alarm tests and check your CCTV for functionality Does the alarm and CCTV work during a power outage? If not, you will need a […]

As Featured in American Journal of Transportation Trade remedy tariffs are no longer headline news, but they are still relevant and pose a unique set of delay and disruption concerns for importers. High among these concerns are insufficient Customs Bonds. With no end in sight for any relief from these tariffs, importers and their customs brokers should continue to monitor their import bonds for sufficiency closely. In an article recently featured in American Journal of Transportation, Roanoke’s Assistant Vice President, Maya Mackey, discusses the chaotic trade climate and its impact on managing customs bond sufficiency. According to Mackey, one of […]