Chubb, Freightwatch team up to offer cargo theft prevention services

WARREN, N.J.—Chubb Group of Insurance Cos. has announced a partnership with FreightWatch International (USA) Inc. to offer cargo theft prevention services to the insurer’s clients, in a statement Wednesday.

FreightWatch International, a logistics security service, offers tracking services to help companies monitor their cargo and supply chains in real time. If a theft occurs any time between the transport’s beginning and end destination, FreightWatch will alert law enforcement agencies.

Chubb is offering insurance customers a 10% discount on these services. When cargo is stolen while being monitored, the insurer also will waive up to $10,000 in insurance deductibles if it is not recovered within 30 days.

The service is available to current and new Chubb clients, and cost varies based on clients’ needs.

For more information, contact Drew A. Feldman, vp and worldwide ocean marine manager, at 908-572-5307 or dfeldman@chubb.com.