Keyword
auto theft
Can car dealerships manage insurance risks from vehicle thefts?
November 27, 2023 Philip PoradoCar thefts began rising across Canada in 2020 during the COVID-19 pandemic and have been climbing ever since – fuelled by organized crime rings using new technologies to steal key fob codes and take vehicles while their owners are asleep.…
Why Ontario thinks auto theft needs a federal approach
November 3, 2023 by Jason ContantOntario’s provincial government is urging a federal and multi-jurisdictional approach to combat auto theft in Canada. In its 2023 Fall Economic Statement released Thursday, the government called for the Canada Border Services Agency, RCMP, Montreal and Halifax port authorities, as…
Grand Theft Auto: P&C industry sounds the alarm
October 11, 2023 by David GambrillAuto theft costs in 2023 are projecting to break record levels established in 2022, P&C insurance professionals are warning. A recent survey by Équité Association shows auto theft in Ontario increased by 31% year-over-year in the first half of 2023.…
What carriers are offering auto customers seeking lower premiums
September 1, 2023 Philip PoradoCar thefts are way up in Canada and that’s got the attention of property and casualty (P&C) insurers. Thefts have risen particularly fast in the greater Toronto area, Montreal and some other parts of Quebec, noted Paul Gilbody, SVP operations…
Insurer introduces new auto rating variable for oft-stolen cars
July 20, 2023 by David GambrillWith Canada’s property and casualty industry facing a record number of auto theft claims, insurers have introduced a variety of incentives and disincentives to encourage drivers to take theft-prevention measures — and now it’s showing up in a new ‘High…
How Canadian P&C insurers are tackling record auto thefts
July 17, 2023 by Jason ContantAfter the Canadian P&C insurance industry paid out a record $1 billion for auto theft in 2022, some insurers are tackling the issue by offering discounts for consumers installing a tracking system or applying surcharges for those who don’t equip…
Five charged after Edmonton police recover stolen vehicles bound for export
February 14, 2023 The Canadian PressEDMONTON – Police in Edmonton say five men face charges in an auto theft ring where high-end trucks and SUVs were allegedly stolen for export overseas. Investigators began looking into a series of 14 auto thefts in late November of…
Canada’s top-10 stolen cars
November 15, 2022 by David GambrillIf there’s one supply chain Canada’s insurers would like to see disrupted, it’s the national, $1 billion business of auto theft rings supplying clients, unscrupulous dealers and chop shops with cars and auto parts. Of the $1 billion auto theft…
Catalytic converter theft: a growing problem for auto insurers
July 29, 2022 by Jason ContantManitoba Public Insurance (MPI) is warning consumers about the need to protect their vehicles from catalytic converter theft as reports of this type of crime have significantly increased in recent months. According to MPI claims data, the public insurer has…
ServiceOntario employees charged in relation to theft of hundreds of vehicles
July 29, 2022 Noushin Ziafati - THE CANADIAN PRESSPolice say they’ve charged 28 people in Ontario and Saskatchewan, including several ServiceOntario employees, following an investigation into the fraudulent modification and sale of hundreds of stolen vehicles. In a news release Thursday, Ontario Provincial Police said they began an…
Police charge seven suspects after high-end car theft investigation
February 2, 2022 Maan Alhmidi - THE CANADIAN PRESSTORONTO – A group of suspected thieves carjacked 28 high-end vehicles in north Toronto over several months and tried to ship them to destinations overseas, police said Tuesday as they announced seven arrests in the case. Insp. Richard Harris said…
IBC reveals the latest trends in auto theft
December 8, 2020 by Jason ContantElectronic auto theft, high-end vehicles stolen for shipment overseas, and street racing are three emerging trends coming out of Insurance Bureau of Canada’s (IBC) list of Top 10 stolen vehicles in 2020. Electronic auto theft is on the rise across…