Verisk CargoNet Logs 547 Q3 Thefts but $230.1 Million in Estimated Losses

Verisk CargoNet recorded 547 supply chain crime incidents across the United States and Canada in the third quarter of 2026, a 33 percent decline from a year earlier, while estimated losses rose 12 percent to $230.1 million, Stock Titan reported on November 4, 2026. Verisk is a data analytics and technology provider to the global insurance industry, headquartered in Jersey City.

Inside the Q3 Cargo Theft Figures

Incidents fell 19 percent from the second quarter of 2026. Estimated losses for the quarter rose from $205.1 million in the third quarter of 2025. Nineteen thefts with documented values of $1 million or more were reported in the quarter, compared with nine a year earlier, with many involving high-value electronics and data center materials.

Fictitious pickups, in which deception is used to obtain a shipment, accounted for 138 incidents, compared with 147 in 2025. Their share of reported activity rose from 18 percent to approximately 25 percent. Year to date, estimated losses reached $718.9 million through September, up 39 percent, while reported incidents fell 25 percent, from 2,755 to 2,072. The average value of stolen commodities across incidents with a documented value increased by approximately 72 percent, from $261,115 to $448,456.

"We saw mixed results in the third quarter with a decline in reported incidents and fictitious pickups remaining close to last year's level, but the estimated financial impact grew significantly," said Keith Lewis, vice president of operations at Verisk CargoNet. "Understanding cargo theft requires looking beyond incident counts and focusing on broader trends, like what is being stolen and where theft is concentrated."

Food and beverage remained the leading commodity category with 94 incidents, down from 178 in the third quarter of 2025. Metals were second with 63 incidents, down slightly from 68, and copper accounted for 34 of those. Electronics fell from 69 to 46 incidents, with computers and accessories accounting for 20. Cosmetics thefts increased from nine to 14. California, Illinois, New Jersey and Texas accounted for 57 percent of quarterly incidents.

Verisk's Insurance Analytics Scale

Verisk holds a 40-50 percent share of the US property and casualty insurance analytics market, according to akta.pro company records. The same records list full-year 2026 guidance of $3.19 billion to $3.24 billion, reaffirmed by management at first-quarter 2026 earnings, and first-quarter 2026 revenue of $783 million, up 3.9 percent year over year and up 4.7 percent on an organic constant-currency basis.

Earlier Verisk Announcements in 2026

In October 2026, Verisk said it would proceed with a Delaware Supreme Court order on the AccuLynx transaction, which remains subject to customary closing conditions and FTC review, Stock Titan reported. That month Verisk also announced integrations with Amazon Quick and Microsoft Copilot, plus expanded Claude offerings, to bring ISO Loss Costs and Premium Audit Advisory Service content into insurers' AI workflows, according to Stock Titan. In September 2026, CFO Elizabeth Mann reaffirmed a 6 percent to 8 percent annual organic constant-currency revenue growth target at a JPMorgan event, citing light weather-related claims as a headwind, Markets Daily reported.

Verisk's Q3 Results Date

Verisk will report its fiscal third-quarter 2026 results on November 5, 2026, before market open, with a live audio webcast at 8:30 a.m. ET, Stock Titan reported. Verisk CargoNet said it will monitor whether the recent decline in reported incidents continues through the fourth quarter, with particular attention to fictitious pickups and high-value commodities.