DAILY NEWS Nov 19, 2012 11:09 AM - 0 comments

Zurich Canada teams up with Verisk to combat cargo, equipment theft

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TORONTO, Ont. -- Zurich Canada is working with Verisk Crime Analytics divisions CargoNet and the National Equipment Register (NER) to combat cargo and heavy equipment theft.

The CargoNet and NER programs are built around national property crime databases and secure information sharing systems designed to support law enforcement investigations through theft alerts, data analytics, and 24-hour subject-matter expert support. Zurich officials say the systems will help enhance preventative activities, increase recovery chances, and allow the insurance firm and its policyholders to further their efforts to combat property crime.

"I’m proud of Zurich’s leadership in the transportation and heavy equipment industries and of our initiative to implement loss control and risk mitigation solutions for our customers. Much like we’ve done with environmental remediation, through Spill Reporting Online, this service puts our customers in better control of their business and assets," said Patrick Lundy, president of Zurich Canada. “Our relationship with CargoNet is the culmination of an investigative journey we started in 2008. We’re very proud of the hard work and effort by all parties, from the launch of the Canadian Trucking Association Cargo Crime Task Force to the implementation
of a singular, organised and structured solution for Zurich customers to deal with crime."

In May 2011, Zurich Canada was a sponsor of the Canadian Trucking Alliance (CTA) Report on Cargo Crime in Canada. The purpose of the study was to identify trends in cargo crime across the country, identify best practices in combat cargo crime, and develop an action plan for the private and public sector to address this important issue.

“A key finding of the CTA crime report and analysis of heavy equipment theft is that crime information sharing must improve, both in real time – between theft victims and law enforcement – as well as in aggregate so that theft trends and economic impact can be better understood,” said David Shillingford, president of Verisk Crime Analytics. “CargoNet and NER are designed to support this strategy in a secure and controlled environment and in a way that quickly improves the bottom lines of insurers and their policyholders. Zurich Canada’s early support of these programs is critical to long term success and demonstrates their industry leadership and policyholder-centric viewpoint.”

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