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Stock impact report

Strategic cargo theft leaves drivers, brokers liable for massive losses [Yahoo! Finance]

The Travelers Companies, Inc. (TRV) 
Last the travelers companies, inc. earnings: 4/21 06:57 am Check Earnings Report
US:NYSE Investor Relations: investor.travelers.com
Company Research Source: Yahoo! Finance
Cargo theft by fraud is a growing freight industry issue and has resulted in a massive increase in cargo loss claims in recent years. Craig Leinauer, Director of Inland Marine claims at Travelers Insurance , says that strategic theft is an alarming new trend. While straight theft (the physical taking of the truck and trailer or cargo from where it's parked) remains the number one method for cargo theft, it's strategic theft (the use of trickery or deception) that has seen the biggest increases (1455%) in the past two years In that time span, strategic theft went from roughly 3 to 6 percent of all cargo theft to 33 percent. Technology plays a large role in cargo theft, especially AI. “The tech is so sophisticated that there's really a whole new set of tools that th Read more
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