News & Insights

Marine Cargo Insurance is a staple to the transport of goods both domestic and international, and transportation intermediaries and logistics service providers are in an ideal position to offer quality Cargo Insurance, sometimes referred to as Shippers Interest, to protect their clients’ financial interests. No matter how robust a shipper’s loss-prevention strategy may be, it is reported that 30% of all freight damage in transit is unavoidable, and most losses occur on the way to or from the ports. Furthermore, the FBI estimates that up to $30 billion in cargo theft occurs every year, and the majority of cargo theft […]

As an intermediary, forwarders and brokers face liability from all sides. Changes in how carriers and shippers do business are creating new exposures, including ones that you may not have considered. This webinar, presented by Rick Bridges, Vice President of Roanoke Trade, will discuss the areas in which carriers, shippers and third parties are creating new exposures and the steps you can take to proactively protect your company. This essential webinar has been approved for 1 CCS/CES credit. This webinar will take place on Tuesday, June 23rd from 1:00PM – 2:00PM ET. Cost is $50 for members, $75 for non-members.   […]

The beauty of customizable cargo insurance is in its comprehensive applicability to very specialized shipping needs, but under that beautiful face lies a web of wrinkles that could represent hidden exposures to uninsured losses. Three issues that should be at the top of your list when placing a cargo insurance policy are the insolvency exclusion, warehouse-to-warehouse/duration and improper packing. Can all of the important details be top of mind for a single risk manager or insurance agent? Probably not. That’s why it’s crucial to include your entire management team in the insurance policy placement process. You need to understand and […]

Roanoke’s own Glenn Patton, Regional Vice President – Los Angeles, will be speaking at the BAFT 2015 West Coast Global Trade Finance Workshop in an important presentation titled “Cargo Insurance: Insurance Policies and Surety Bonds in International Trade”. Glenn’s session will cover an overview of cargo insurance, liability insurance for the carrier and customs, forwarder and carrier bonds. The workshop will be held from July 30-31, 2015 at the Wells Fargo in Los Angeles.

Profits in a number of big shipping lines rose dramatically in the first quarter of 2015. A drop in the price of oil and the rising value of the U.S. dollar helped bolster profits, even though unit costs increased for some shipping lines. The influence of market forces outside shippers’ control suggests that high profits could be short-lived should economic conditions change. Two large lines reported massive swings in profits, and several countries said they saw increases in traffic. Maersk Line reported a record $714 million profit for first quarter 2015, an increase of nearly 60% from first quarter 2014, […]

The newest FreightWatch International EMEA Intelligence report is out, and the news isn’t good for the Netherlands and Germany. In the first quarter of 2015, the Netherlands had 31% of the cargo thefts in Europe, the Mideast and Africa, followed closely by Germany at 26%. The U.K. had the next greatest cargo theft risk, with 11% of thefts occurring there in the first quarter, followed by Italy (8%), Spain (7%), France (4%), Austria (4%), South Africa (4%), Russia (3%) and Poland (2%). There were a total of 284 cargo theft incidents recorded in the EMEA region between January and March […]