The Insurance Bureau of Canada (IBC) released on Tuesday a list of the top 10 costliest cities in Ontario for auto theft claims last year. Brampton, Mississauga, Vaughan, Markham and Ottawa followed Toronto on the list.
According to the bureau, auto theft claims costs surpassed $1 billion for the first time in Ontario last year. The bureau said auto theft claims costs have surged by 524 per cent in Ontario and by 561 per cent in Toronto since 2018.
This is the best summary I could come up with:
The Insurance Bureau of Canada (IBC) released on Tuesday a list of the top 10 costliest cities in Ontario for auto theft claims last year.
"As IBC’s numbers reveal, the Greater Toronto Area has been hit particularly hard by the auto theft crisis.
Between 2018 and 2023, the incidence of people making insurance claims due to theft of their vehicles increased by 165 per cent in Ontario, the release said.
However, the release said several mid-sized cities have experienced “staggering” increases in the theft claims costs, including Whitby, Pickering, Milton and Markham.
Everyone involved — consumers, insurance companies, government, auto makers and law enforcement — needs to work together to combat the problem because it’s becoming more costly and frequent, he said.
Organized crime groups need to be held responsible, law enforcement should be provided with the funding it need and vehicles need to be made harder to steal, he said.
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