Cargo insurance rates surge 130% following rise in thefts

12/6/2018 5:33:00 AM

Source: Business Insurance

Mexico’s National Chamber of Trucking said that cargo insurance costs have surged 130% after the number of highway robberies increased 90% this year, Mexico News Daily reported. Data from the National Public Security System showed that more than 21,500 cargo thefts occurred this year. Data showed that 28% of all truck robberies occurred in Mexico State while 25% of thefts occurred in the state of Puebla.