Verisk’s CargoNet Business and WAPA Align to Mitigate Cargo Theft in the Tree Nut Industry

JERSEY CITY, N.J., June 27, 2016 — Verisk Analytics (Nasdaq:VRSK), a leading data analytics provider, announced today an alliance between its CargoNet® business and the Western Agricultural Processors Association (WAPA) to raise awareness of nut cargo theft, increase communication between the nut industry and law enforcement, and help mitigate theft.

The collaboration began as a response to increasing tree nut cargo thefts in California. The new initiative aims to assist in the collection, aggregation, and analytics of cargo theft data to aid law enforcement in recoveries and better identify trends. The collective efforts will also assist the state legislature in understanding how cargo theft damages California commerce. By providing cargo theft statistics and trend information, both organizations hope that the state of California will recognize the need for additional resources, including a cargo theft crime task force.

CargoNet hosts a national cargo theft database and manages an information-sharing system staffed by crime analysts and subject matter experts. By providing recovery support, deterrence measures, and coordinated, real-time communications between theft victims and law enforcement agents, CargoNet helps its members prevent cargo theft and improve their chances of recovering stolen goods. Since its launch in 2010, CargoNet has helped its members recover more than $50 million in goods and equipment and successfully aided law enforcement in dozens of arrests through its 24/7/365 command center and cargo crime database. The CargoNet AlertSearch allows users to search archived alerts to help them avoid identify theft, fictitious pickups, and other transportation-related scams.

“Our new strategic alliance with CargoNet will allow us to further our efforts to provide our members with the latest information possible on cargo theft of tree nuts,” said WAPA President and CEO Roger Isom. “Together, we will ensure our members have the latest information possible to help protect their investments.” Special member pricing will be available to WAPA members that wish to join CargoNet and benefit from its unique recovery, deterrence, and analytical services.

“We commend WAPA for responding proactively to protect its members from cargo theft by initiating better collaboration and information sharing,” said Anthony Canale, general manager, CargoNet. “We’re confident that this initiative will help the association and its members reduce the chances of becoming victims of cargo theft. As tree nut theft shows no signs of abating, CargoNet stands ready to support WAPA in its legislative efforts.”

About Western Agricultural Processors
The Western Agricultural Processors Association represents tree nut huller/sheller and processors of almonds, pistachios, walnuts, and pecans in California on regulatory and legislative issues that affect the tree nut industry, including, but not limited to, pesticides, safety, water, labor, and air quality issues. For more information, please visit www.agprocessors.org

About Verisk Analytics 
Verisk Analytics (Nasdaq:VRSK) is a leading data analytics provider serving customers in insurance, natural resources, and financial services. Using advanced technologies to collect and analyze billions of records, Verisk Analytics draws on unique data assets and deep domain expertise to provide first-to-market innovations that are integrated into customer workflows. Verisk offers predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence, economic forecasting, and many other fields. Around the world, Verisk Analytics helps customers protect people, property, and financial assets.

Headquartered in Jersey City, N.J., Verisk Analytics operates in 23 countries and is a member of Standard & Poor’s (S&P) 500® Index. In 2015, Forbes magazine named Verisk Analytics to its World’s Most Innovative Companies list and, in 2016, to its America’s Best Large Employers list. Verisk is one of only 15 companies in the United States to appear on both lists. For more information, please visit www.verisk.com.

Contact:

Giuseppe Barone/Colleen Finley
MWW Group (for ISO)
201-507-9500
gbarone@mww.com
cfinley@mww.com