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Inside the $455M Cargo Theft Surge – 4 Ways to Protect Your Fleet

Insurance Journal

Cargo theft reached an all-time high in 2024 – up 26% from 2023, with total reported losses of $455 million. The average estimated value per theft rose 7.7% … This post is part of a series sponsored by IAT Insurance Group.

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Homeowners Insurance Does Not Cover Cryptocurrency Theft, 4th Circuit Affirms

Insurance Journal

A federal appeals court has affirmed that a homeowners insurance policy does not cover the theft of cryptocurrency because the loss of a digital currency does not involve a “direct physical loss” as required by the policy. The Fourth Circuit …

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Maryland Woman Charged With Theft of Contractor and Insurance Funds

Insurance Journal

A Maryland woman has been indicted on two counts of felony theft for allegedly stealing funds from a general contractor and from the state’s backup auto insurer. Attorney General Anthony G. Brown said an Anne Arundel County grand jury charged …

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State Farm: Catalytic Converter Thefts Drop 74%

Insurance Journal

For the second year in a row, State Farm auto claims data has revealed a significant drop in catalytic converter theft claims. There was a 74 % drop for the first half of 2024 compared to the same period in …

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An Increase in Identity Theft, Cybercrime Predicted in 2025

Insurance Journal

The forecast for identity theft scams and cybercrime in 2025 is bleak, according to the Identity Theft Resource Center (ITRC). It’s anticipated there will be reduced support for victims and less law enforcement focus, likely leading to a rise in …

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Cargo Theft Surges as Holiday Season Approaches, Verisk Says

Insurance Journal

A CargoNet analysis of holiday-period theft data from the past five years shows a heightened risk during the Christmas and New Year periods. Be on the lookout for Grinch-like characters hanging out at transportation hubs over the holidays. The days …

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Cargo Theft Surges to Record Levels in 2024

Insurance Journal

2024 saw record-breaking cargo theft activity across the United States and Canada, with 3,625 reported incidents representing a 27% increase from 2023, according to global data analytics and technology provider CargoNet, a Verisk company. The estimated average value per theft

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