The Chubb Group of Insurance Cos. has partnered with FreightWatch International to combat what they are calling record-high levels of cargo theft.

Chubb transportation insurance customers are in line for a 10 percent discount of real-time shipment tracking services from FreightWatch, the companies say in a press release.

FreightWatch reported an 8.3 percent increase in the number of cargo thefts in 2011. Pat Stoik, senior vice president and global marine manager for Chubb Commercial Insurance, says theft adds about 20 percent to the cost of consumer goods.

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