Chronicling insurers' continuing challenges combating auto theft, Insurance Bureau of Canada (IBC) today released its annual list of most frequently stolen vehicles.
The industry association, which represents 90% of Canadian P&C insurers, says that in 2010, the significant number of high-value, all-wheel/four-wheel drive models on the list demonstrates that sophisticated, organized crime rings are involved. IBC says that these types of vehicles are frequently targeted by criminal organizations, which then strip them for parts, resell them to unsuspecting consumers or export them to countries where there is a high demand for upscale vehicles that can handle rugged terrain.
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