Image: R&R Insurance
It seems America needs more lessons from Dora the Explorer – because swipers keep swiping.
According to the newly-published annual Safewise Package Theft report, around 260 million delivered packages were stolen in the US over the past year, up from 210 million last year. Which (to use another TV analogy) would probably make Matthew McConaughey’s character in Wolf of Wall Street proud – those aren’t exactly rookie numbers.
In fact, an estimated $19.5 billion was lost to package theft in 2022. And per the report:
📦🥊 Recourse: Unlike your favorite snapback, dealing with package theft as a victim isn’t one-size-fits-all. Retailers have different policies in place across-the-board, but many just eat the loss, refunding or replacing the lifted item. Stolen packages are also covered under some homeowners or renters insurance policies.
And legally, states are beginning to crack down on package theft. Over the past three years, Texas, Michigan, Oklahoma, Arkansas, Tennessee, Georgia, Kentucky, and New Jersey have all passed laws increasing the penalties for package theft from a misdemeanor to a felony, and another five have introduced similar legislation.
✈️🌐 Delta Airlines is expected to begin rolling out free Wi-Fi for passengers as soon as early 2023, the WSJ reported yesterday, citing sources familiar with the matter. But there are a couple of blockers sitting in the way.
🏦 The Federal Reserve's policy-making committee unanimously voted to raise interest rates by 0.5% yesterday.
📝⚖️ Federal prosecutors officially unsealed charges against Sam Bankman-Fried, the FTX founder and former CEO, yesterday morning, around the same time the crypto exchange’s newly-appointed CEO John Ray was testifying in front of Congress.
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