Verisk launches cargo theft risk scoring tool

Verisk Analytics Inc. Thursday launched a cargo theft risk scoring tool for the transportation industry that measures the probability of a crime or loss occurring on any route in the U.S. and Canada.

CargoNet RouteScore API uses geospatial models and a proprietary algorithm to assign a score to individual risks based on cargo type, value, length of haul, origin, destination, day of the week, and truck stop theft history.

A score of 1 to 100 is assigned, with 1 representing the lowest likelihood.

The tool also observes key variables that most influence the score and lists the riskiest truck stops along the route.