JERSEY CITY, N.J., Sept. 6, 2011 (GLOBE NEWSWIRE) -- CargoNet®, a leading source of information about supply chain risk, today announced that Sentry Insurance has become a member of CargoNet. By becoming a CargoNet member, Sentry joins a national initiative to combat cargo theft through improved information sharing between the insurance and trucking industries and law enforcement.
As a CargoNet member, Sentry will provide its Motor Truck Cargo insurance clients with an added layer of security to help prevent theft of their cargo while in transit or at rest. In addition, Sentry will be able to collaborate with multiple law enforcement agencies through the timely reporting of incidents to the CargoNet database.
"Our membership with CargoNet enhances the benefits our Motor Truck Cargo insurance clients receive," said Don Olson, vice president of transportation at Sentry Insurance. "CargoNet will increase the likelihood of recovery of stolen trucks and loads."
"Enhanced collection and sharing of information is vital to fighting cargo theft," said Garry Rivell, vice president of insurance services at CargoNet. "We are greatly encouraged by the membership of a company like Sentry that has such a strong focus on supporting client loss control efforts."
A division of Verisk's ISO Crime Analytics unit, CargoNet® helps prevent cargo theft and improve recovery rates through secure and controlled information sharing among 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. By applying a synchronized, layered approach, CargoNet exploits the weakness of cargo thieves at multiple points. CargoNet offers integrated databases, a theft alert system, task force and investigations support, a tractor/trailer theft deterrence program, and the TruckStopWatch® program. CargoNet also provides driver education and incentives, secondary-market monitoring and interdictions, crime trend analysis and loss control services, and training. More information on CargoNet can be found at www.cargonet.com.
About Sentry Insurance
Sentry Insurance, Stevens Point, Wis., is one of the nation's leading insurance companies. Founded in 1904, Sentry and its subsidiaries provide property and casualty insurance, life insurance, annuities, and retirement programs for businesses and individuals throughout the United States. Sentry's transportation insurance niche specializes in insurance and related loss control services for the nation's trucking industry. Sentry's transportation policies are sold through a network of independent agencies. Visit www.fortruckersonly.com for more information.
Susan Kenney/Jessica Riccardi MWW Group (for CargoNet) (201) 507-9500