Catching Cargo Thieves
Each year the trucking industry and its insurers are hit by roughly $5 billion in losses due to cargo theft. While many people may consider cargo theft a victimless crime, they don’t realize that it’s the insurance policy holders that foot the bill when it comes to theft and fraud.
However, now you can FEAR NO MORE. The Cargo Theft Reporting Program, which has helped law enforcement agencies crack down on this rapidly spreading crime elsewhere in the country, has arrived in British Columbia.
The Cargo Theft Reporting Program was launched in 2014 by the Insurance Bureau of Canada and the Canadian Trucking Alliance, with the support of law enforcement agencies, the program not only helps in the arrest of perpetrators – it also helps stolen property to its owners.
The Insurance Bureau of Canada launched its initial pilot project in 2011 in Quebec, and since then has expanded into a nationwide program. Their initiative is to enable the trucking community, insurers and enforcement authorities to better share timely information to crack down on cargo theft.
All insurers and trucking association members in Canada can now report cargo thefts directly to IBC via an online form. All information submitted is stored in a database that law enforcement agencies have access to and can search to help identify stolen property. In most cases, this can help speed up the recovery process.
In regards to privacy, the revamped program includes a rigorous process for receiving and storing cargo theft data and sharing it – on a 24/7 basis – with law enforcement officials.
For more information on Cargo Theft, visit: IBC Website – Cargo Theft
Tia Chisholm, HUB International TRANSPORTATION
HUB International TRANSPORTATION specialists are based in Vancouver. Our longstanding relationships with the best providers in the business allow us to deliver the solution that serve you best. With HUB, you can run your business knowing that you are headed in the right direction.
Original article source: BCTA – Catching Cargo Thieves