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Modern Piracy: Insurance Coverage Options for Cargo Theft and Related Losses

Summary by hunton.com
Theft in the cargo industry has skyrocketed in recent years. In the first half of 2024, cargo thefts rose 49 percent and the average loss per shipment by 83 percent. Given these dramatic spikes in cargo theft, policyholders whose operations rely on the safe transportation and trade of cargo should take steps to mitigate against the potential losses of a cargo-theft event. We discuss below the insurance coverage options available to policyholders…
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hunton.com broke the news in on Monday, April 7, 2025.
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