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Peak season for higher-than-normal cargo thefts is in full swing, particularly during holiday weekends when transportation companies, shippers, and manufacturers need to be on maximum alert. Organized theft rings recognize that shipments during holiday weekends can be left unattended for prolonged periods of time. Additionally, according to FreightWatch International, the spike in theft activity during the peak season, which typically kicks off after Labor Day and runs through December, is due to the “surge” of goods flooding the supply chain ahead of “Black Friday,” the day after the Thanksgiving retail shopping extravaganza. FreightWatch estimates that in the last six years […]
In today’s complicated regulatory environment, having compliance policies and procedures in place involving the fiduciary responsibility and actions of senior executives, directors and officers are important for companies to help minimize the potential for loss and head off the possibility of liability and fines. Without clear policies and procedures, a Chief Compliance Officer (CCO) and the company itself could end up paying SEC fines or other regulatory fines even if they were not responsible for any wrongdoing. For example, as outlined in a recent article in Risk & Insurance (R&I), the former president of a financial advisory and management firm […]
Hurricane Matthew last month hit the East Coast hard, particularly in Florida, Georgia and the Carolinas. In fact, Matthew is the costliest Atlantic hurricane since Super Storm Sandy four years ago. Property losses for both residential and commercial properties from Matthew are estimated to be between $4 billion and $6 billion from wind and storm surge damage, according to research and consulting firm CoreLogic. This does not include insured losses related to additional flooding, business interruption or contents, said CoreLogic. On the heels of this most recent storm, a recent insurance and risk management survey was conducted specifically focused on […]
We are pleased to announce that Billie Sullivan, Roanoke Trade Vice President, has been announced as the WIT-LA recipient the 2016 Global Trade Catalyst Award. This award is presented to an extremely knowledgeable individual whose reputation proceeds her in the trade and transportation field. Per the association, Billie “has been a supporter of WIT-LA for several years due to WIT-LA’s educational programs and networking events that provide the opportunity to network with other industry service providers and clients. Her appreciation of WIT-LA’s continual emphasis of women in the trade and transportation industry builds on Billie’s long-standing efforts of providing opportunities […]
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