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Roanoke Trade
21 followers -
Insurance for Trade and Transportation
Insurance for Trade and Transportation

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Although the peak holiday season – the day after Thanksgiving to December 23 – is still months away, shippers and logistics service providers should heed the lessons of past missteps in order to ensure that the upcoming season is a happy one for their customers.

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In its annual Global Resilience Index, insurer FM Global revealed that cyber attacks, natural hazards and supply chain failure are among the top risks that businesses face around the world.

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Shippers often mistake declared value coverage with Cargo insurance, but in fact they are quite different. Here is a brief overview of how these policies work.

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The broad scope of coverage made available with Cargo Insurance to importers and exporters is key and goes beyond cargo theft or damage. Cargo policies can be designed with multiple provisions that respond to various types of claims.

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The goal of the three new carrier alliances is for carriers to pool their resources together to address overcapacity and underutilization of their vessels and save money.

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Are you prepared to respond to a cyber security breach? Attend this webinar to start formulating your action plan so you’ll be ready when disaster strikes.

Roanoke will host a complimentary Cyber Security Webinar together with Chubb on Wednesday, April 19th at 1pm CT. Topics covered in this webinar:
• The Exposure
• Loss Trends
• Claims Scenarios
• Gaps in Traditional Insurance Coverages
• Specialty Coverage Options

Register at https://goo.gl/ZLwnTJ

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PwC's recent report Shifting Patterns: The Future of the Logistics Industry predicts four disrupters that will result in complex competition for the logistics industry.

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According to Verizon’s Data Breach Investigations Report, 40% of reported breaches across all industry sectors involve hacking. The transportation sector is no different and these threats and security challenges must be addressed throughout the supply chain to ensure the safety of your client’s cargo.

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In order to properly manage transportation costs, you need the ability to have real transportation supply chain visibility. This requires true system integration operating between a warehouse management system, management of the procurement, storage, and the packing and delivery process.

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As most of you are aware, on November 4, 2015 the Federal Maritime Commission issued a Final Rule involving various aspects of its regulations affecting Ocean Transportation Intermediaries (OTIs). As part of the Final Rule, the Commission now requires for the first time that OTIs renew their license every three (3) years. 46 C.F.R. §515.14(c).
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