HARTFORD, Conn.--(BUSINESS WIRE)--Sept. 8, 2008--According to the
National Cargo Security Council, cargo theft is estimated to account
for up to $25 billion in direct merchandise losses each year. With
more than 675,000 registered interstate motor carriers moving 65
percent of the freight in the United States, the opportunity for theft
is at an all time high. To combat the problem of cargo theft for its
customers, assist law enforcement organizations, and help keep retail
costs down for the public, Travelers (NYSE: TRV) Inland, in
partnership with the National Insurance Crime Bureau (NICB), unveiled
the Travelers Sting Trailer at the 2008 Chicago Midwest Cargo Theft
Summit.
"The transportation industry is plagued by cargo theft. The cost
of theft spreads across the entire economy, not just at the consumer
level, but in terms of other serious illegal activities often funded
by cargo theft," said Dick Rowley, President, Travelers Inland. "By
building the Travelers Sting Trailer, not only are we helping our
customers keep their business moving by safeguarding their cargo, we
are providing law enforcement organizations across the country with
much needed resources to catch the thieves responsible for cargo
theft."
The Travelers Sting Trailer was built to provide the required
evidence to aid in successful apprehensions of organized cargo theft
rings. Travelers worked closely with the NICB and law enforcement
organizations in the design and construction of the trailer.
"The NICB, as a member of the National Commercial Vehicle and
Cargo Theft Task Force, recognizes the tremendous economic impact that
this kind of criminal activity has on our nation's businesses,
consumers and insurance companies," said Joe Wehrle, NICB President
and Chief Executive Officer. "The use of sting trailers has
dramatically reduced the incidents of cargo theft in those areas where
they are deployed. Having the Travelers Sting Trailer extends a very
successful application of technology into the commercial transport
environment."
The Travelers Sting Trailer can be viewed at the Chicago Midwest
Cargo Theft Summit on September 8-9, 2008 from 8:30 a.m. through 4:30
p.m. CT. Scott Cornell, Travelers Specialty Investigations Group, will
be available to answer questions on site and further explain why
Travelers is committed to helping to eradicate cargo theft.
Travelers Inland brings together underwriting, engineering, claim
and investigative professionals to help address the complex risk
management and insurance needs of our customers, which may range from
tailored insurance coverage and theft reduction strategies to timely
claim settlements and even faster theft recoveries.
About Travelers
The Travelers Companies, Inc. (NYSE: TRV) is a leading property
casualty insurer selling primarily through independent agents and
brokers. Travelers understands that life and business are inherently
dynamic and that the best way to serve customers is to deliver
insurance in-synch with evolving risks. The company's diverse business
lines offer its global customers a wide range of coverage in the auto,
home and business settings. Travelers is a Fortune 100 company, with
2007 revenues of approximately $26 billion. The company has more than
33,000 employees. For more information on being in-synch, visit
www.travelers.com.
CONTACT: The Travelers Companies, Inc.
Jeffrey Weir, 860-277-8692
jsweir@travelers.com
SOURCE: The Travelers Companies, Inc.