Canadian Underwriter

Policeman putting handcuffs on young criminal's hands at night.
News ClaimsInsuranceLegislation / Regulation

National auto theft summit comes and goes: what comes next?

February 9, 2024 by David Gambrill

The National Summit on Combatting Auto Theft ended in Ottawa yesterday with a commitment to develop a detailed plan to be released in “winter.” The Government of Canada convened the meeting between government officials of all levels, industry leaders —

Carjacker with gun
News BrokersClaimsInsuranceTechnology

How new vehicle tech is changing the auto theft equation

December 11, 2023 Philip Porado

There’s a small upside to Canada’s current auto theft wave, industry sources have told Canadian Underwriter. Thieves’ adoption of technologies that can capture vehicle key fob signals means criminals no longer need to resort to violent methods like carjacking to

New vehicles at an auto dealership holding lot
News BrokersClaimsInsurance

Can car dealerships manage insurance risks from vehicle thefts?

November 27, 2023 Philip Porado

Car 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.

Illustration of a woman crunching numbers to find the best price for a customers insurance policy
News ClaimsInsuranceMarkets / Coverages

What carriers are offering auto customers seeking lower premiums

September 1, 2023 Philip Porado

Car 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

Girl after shopping discovered the loss of her automobile. Angry woman talking about missing car on phone. Vehicle theft concept
News AssociationsClaimsInsuranceLegalLegislation / Regulation

Auto insurers pay out record amount for auto theft

June 8, 2023 by David Gambrill

Supply chain issues are creating a hot domestic market for stolen vehicles, which in 2022 cost Canadian property and casualty auto insurers more than an estimated $1 billion — the most the industry has ever paid for auto theft in

A new exhaust system with a catalytic converter
News Insurance

Catalytic converter theft: a growing problem for auto insurers

July 29, 2022 by Jason Contant

Manitoba 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

Man attempting to steal a car
News Insurance

ServiceOntario employees charged in relation to theft of hundreds of vehicles

July 29, 2022 Noushin Ziafati - THE CANADIAN PRESS

Police 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

News Insurance

Police charge seven suspects after high-end car theft investigation

February 2, 2022 Maan Alhmidi - THE CANADIAN PRESS

TORONTO – 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

News Insurance

IBC reveals the latest trends in auto theft

December 8, 2020 by Jason Contant

Electronic 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