Auto Insurance News and Information
IBC Congratulates Law Enforcement Partners On Successful Auto Theft Investigation, Arrests
Charges laid in Kitchener-Waterloo region; nine vehicles recovered
Toronto, ON (Jan. 30, 2017) – In August 2016, auto theft investigators from Insurance Bureau of Canada (IBC) partnered with the Toronto Police Service's Auto Squad, the Waterloo Regional Police Service's "Break, Enter, and Auto Theft (BEAT)" team, and the Ministry of Transportation's Branding Unit to launch an investigation into the thefts of several vehicles in Central and Southern Ontario.
"IBC investigators were able to identity several newly-registered vehicles which matched the descriptions of the stolen vehicles," explained Dan Beacock, Director, Auto Theft, Ontario and Atlantic, IBC. "Through further investigation it was determined that these vehicles were, in fact, one in the same and were registered and being operated with fictitious vehicle identification numbers (VINs)."
To date, nine vehicles having a total value of approximately $279,100.00 have been recovered and positively identified as stolen.
"IBC congratulates our law enforcement partners on this investigation," added Beacock. "We will continue to be an active partner in fighting auto crime in Ontario and across Canada. Auto theft and vehicle fraud are not victimless crimes – they impact consumers and can drive insurance premiums higher."
Waterloo Regional Police Service, with the assistance of Stratford Police Service and Ontario Provincial Police, continued the investigation which culminated in the January 12 arrest of two individuals who were charged with several offences related to the possession of stolen vehicles.
Report the crime
To report an insurance crime, call IBC at 1-877-IBC-TIPS or call Crime Stoppers at 1-800-222-TIPS.
For more information on auto theft, visit www.ibc.ca.
About Insurance Bureau of Canada
Insurance Bureau of Canada (IBC) is the national industry association representing Canada's private home, auto and business insurers. Its member companies make up 90% of the property and casualty (P&C) insurance market in Canada. For more than 50 years, IBC has worked with governments across the country to help make affordable home, auto and business insurance available for all Canadians. IBC supports the vision of consumers and governments trusting, valuing and supporting the private P&C insurance industry. It champions key issues and helps educate consumers on how best to protect their homes, cars, businesses and properties.
P&C insurance touches the lives of nearly every Canadian and plays a critical role in keeping businesses safe and the Canadian economy strong. It employs more than 120,000 Canadians, pays $8.2 billion in taxes and has a total premium base of $49 billion.
For more information, visit IBC at www.ibc.ca.
SOURCE: Insurance Bureau of Canada
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