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IBC commends the federal government for its continued efforts in the fight against auto theft

Jun 16, 2024 | NATIONAL
IBC commends the federal government for its continued efforts in the fight against auto theft

Today, the Government of Canada announced the deployment of a mobile X-ray scanner to the Greater Toronto Area (GTA) to aid in the examination of shipping containers in Ontario. Following the announcement, Celyeste Power, President and CEO, Insurance Bureau of Canada (IBC), issued the following statement:

“We commend the federal government for the deployment of a mobile X-ray scanner to the GTA. Placing greater emphasis on inspecting shipping containers before they leave the country is crucial for disrupting the market for stolen vehicles. Auto theft has reached crises levels in Canada and in particular in Ontario, with auto theft claims reaching historic levels in 2023, at $1.5B nationally and $1B in Ontario. We continue to encourage the federal government to implement all recommendations within its national action plan on combatting auto theft.”

About Insurance Bureau of Canada

Established in 1964, Insurance Bureau of Canada (IBC) is the national industry association representing Canada’s private home, auto and business insurers. Its member companies make up the vast majority of Canada’s highly competitive property and casualty (P&C) insurance market.

As the leading advocate for Canada’s private P&C insurers, IBC collaborates with governments, regulators and stakeholders to support a competitive environment for the P&C insurance industry to continue to help protect Canadians from the risks of today and tomorrow.

IBC believes that Canadians value and deserve a responsive and resilient private P&C insurance industry that provides insurance solutions to both individuals and businesses.

For media releases, IN Focus articles, or to book an interview with an IBC representative, visit ibc.ca. Follow us on LinkedIn, X and Instagram, and like us on Facebook. If you have a question about home, auto or business insurance, contact IBC’s Consumer Information Centre at 1-844-2ask-IBC. We’re here to help.

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