DALLAS–Marine underwriters here were advised they need a better understanding of the cargo transportation process as greater security requirements make shipping operations more technologically sophisticated and complex.
Erin Thomasson, vice president, risk management and insurance at Expeditors International of Washington, gave that counsel in a talk at the Inland Marine Underwriters Association's 75th Annual Conference.
Ms. Thomasson said underwriters are part of a larger supply chain that extends beyond the U.S. distribution channels they insure. She explained that 12-to-15 companies all around the world will likely touch a shipment before it makes it to the shelf of a store.
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