Vehicle theft in multiple provinces surged last year, according to insurance industry group Équité Association.
The non-profit association, which focuses on the prevention of insurance fraud and crime, said in a report that the Canadian insurance industry lost more than a billion dollars for the first time on vehicle theft claims in 2022.
"We know for certain that vehicles in Canada are being stolen by domestic and international criminal organizations," said O'Brien, adding,"These crimes hurt our communities, and puts Canada in the spotlight internationally as a source country for illegal trade." The organization said that most of the stolen vehicles in Quebec and Ontario are newer, because organized crime rings are focusing on new and luxury vehicles for maximum profit overseas.
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