Executive Briefings

Chubb Group Teams With FreightWatch to Bolster Cargo Security

The Chubb Group of Insurance Companies has joined with FreightWatch International to offer customers additional protection against cargo theft. Under the arrangement, FreightWatch will grant customers of Chubb transportation insurance a 10-percent discount on real-time shipment-tracking services.

Using hidden tracking devices, FreightWatch monitors cargo movements and alerts law-enforcement agencies when theft occurs. Chubb will waive up to $10,000 in cargo-insurance deductibles when merchandise is stolen while being monitored by FreightWatch, provided the goods are not recovered within 30 days of law-enforcement authorities being notified. Member insurers of the Chubb Group provide property and casualty insurance for personal and commercial customers through 8,500 independent agents and brokers worldwide.

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Using hidden tracking devices, FreightWatch monitors cargo movements and alerts law-enforcement agencies when theft occurs. Chubb will waive up to $10,000 in cargo-insurance deductibles when merchandise is stolen while being monitored by FreightWatch, provided the goods are not recovered within 30 days of law-enforcement authorities being notified. Member insurers of the Chubb Group provide property and casualty insurance for personal and commercial customers through 8,500 independent agents and brokers worldwide.

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