CNA Adopts CargoNet™ to Combat Cargo Theft

Global business insurer CNA recently announced its implementation of CargoNet™, a database network that combats cargo theft through improved sharing of cargo theft information between the industry and law enforcement. As a charter member of CargoNet, CNA leads the insurance industry in a national initiative centered on secure information sharing, education/training, and loss prevention services, as well as investigative support.

Cargo theft is a multibillion-dollar economic drain that exploits existing gaps in the nation’s information-sharing framework. When theft victims are unable to provide timely and accurate information concerning their losses, law enforcement’s ability to conduct effective investigations is hampered. In addition to the immediate loss of merchandise, cargo theft affects insurers and their policyholders through added costs that are ultimately passed along to consumers.

"It’s universally agreed that better data collection and sharing are critical to combating cargo theft,” said David Shillingford, president of CargoNet. "We would not have been able to build the system needed to achieve this without the support of forward-looking insurers like CNA.”

CNA’s charter membership with CargoNet is a reflection of its long-standing commitment to loss control to help policyholders control costs and reduce business risks. For more information on CNA’s risk control and inland marine products and services, visit www.cna.com.

The CargoNet database and information-sharing system were designed by a group of law enforcement, insurance industry, and supply-chain experts and is managed by ISO. Investigations support and law enforcement liaisons are coordinated by the National Insurance Crime Bureau (NICB).

About CNA

Serving businesses and professionals since 1897, CNA is the country’s seventh largest commercial insurance writer and the 13^th largest property/ and casualty company. CNA’s insurance products include standard commercial lines, specialty lines, surety, marine, and other property and casualty coverages. CNA’s services include risk management, information services, underwriting, risk control, and claims administration. Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products and services may not be available in all states and may be subject to change without notice. For more information, please visit CNA at www.cna.com. CNA is a registered trademark of CNA Financial Corporation.

About CargoNet

The purpose of CargoNet is to prevent cargo theft and increase recovery rates through secure and controlled information sharing between theft victims, their business partners, and law enforcement. CargoNet is centered on a national database and information-sharing system managed by crime analysts and subject-matter experts. CargoNet applies an integrated, layered approach that exploits the weakness of cargo thieves at multiple points and includes integrated databases; a theft alert system; task force and investigations support; a tractor/trailer theft deterrence program; the TruckStopWatch program; driver education and incentives; secondary-market monitoring and interdictions; crime trend analysis and loss control services; and training, education, and outreach. More information on CargoNet can be found at www.CargoNet.com.

About ISO

Since 1971, ISO has been a leading source of information about property/casualty insurance risk. For a broad spectrum of commercial and personal lines of insurance, the company provides statistical, actuarial, underwriting, and claims information; policy language; information about specific locations; fraud-identification tools; and technical services. ISO serves insurers, reinsurers, agents and brokers, insurance regulators, risk managers, and other participants in the property/casualty insurance marketplace. ISO is a subsidiary of Verisk Analytics. For more information, visit www.iso.com and www.verisk.com.