San Marino, CA, May 17, 2011 --(PR.com
today paid a claim for a $21,000 USPS Priority Mail parcel which disappeared in the mailstream. The precious metal belonged to a shipper based in New Jersey.
"Losses with the USPS are rare," said Madlene Moseley, TransGuardian's Executive Vice President. "We work closely with the Postal Police and often are able to recover parcels through their hands-on intervention. Just last week, we had claim on a return parcel from the US Virgin Islands via Express Mail. The Postal Police intercepted it and allowed us to open it together with its recipient, our client. We were able to verify the contents intact."
"Our insurance is paying our client," said TransGuardian's Senior Account Manager, Rima Hagopian, "but we haven't given up on recovering the parcel. We don't want our customer to be out of pocket, but more often than not, packages that go astray in the US Mail System do get recovered. If that happens, of course, our client will have the choice to keep the claim check or to return the claim funds and take back the gold."
"No one likes losses, but the USPS is still an impressive way to ship valuable cargo," said Jim Moseley, TransGuardian's President/CEO. "Tampering with the mail is a felony punishable by five years in Federal prison with no hope of parole. The US Postal Police is one of the oldest law enforcement agencies in the US. It was founded by Benjamin Franklin. And they caught the Uni-Bomber. The USPS loss ratio, despite claims like this one, remains one of the best, if not the best, in the shipping world today."
TransGuardian's insurance is brokered through Wells Fargo Insurance Services
and is underwritten by the Ace Group