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Public Safety committee  I don't have much further to add. I understand that the vehicle manufacturers were at the summit, and I understand that they're testifying before this committee, which is good news. I think that they, like us, have a critical role in preventing auto theft. I don't have much to a

February 26th, 2024Committee meeting

Celyeste Power

Public Safety committee  I know the law enforcement panel is after us, so I would suggest exploring this further with them, given their expertise. However, I would say that I think all these aspects should be on the table to explore.

February 26th, 2024Committee meeting

Celyeste Power

Public Safety committee  Thank you very much. I would note that, as an insurance industry, we are very heavily regulated, not only on the federal front but also provincially. Provincially, the regulator tells us what we can sell, how we can sell it, who we can sell it to and for how much. One rule in p

February 26th, 2024Committee meeting

Celyeste Power

Public Safety committee  I would say that it should be explored, and I know the government's committed to exploring stiffer penalties under the Criminal Code. However, it's not just that which is going to make the impact, as Ms. O'Brien noted. We need many factors in there. When we're looking at penaltie

February 26th, 2024Committee meeting

Celyeste Power

Public Safety committee  Thank you very much for the great question. Perhaps I'll start with the cost. It was $1.2 billion last year, and that was in addition to a number of other costs that we've seen increasing across the auto insurance industry. Our vehicles are all becoming much more expensive to re

February 26th, 2024Committee meeting

Celyeste Power

Public Safety committee  To Ms. O'Brien's point, we are seeing less auto theft from B.C., of course, because of a number of provincial actions, but also because we aren't seeing the export on the B.C. side that we're seeing on the Atlantic side. For example, Alberta actually has a high theft rate. It's j

February 26th, 2024Committee meeting

Celyeste Power

Public Safety committee  I will make a quick comment. Then, if you don't mind, Mr. Chair, I will ask my colleague from Équité to jump in here, as well. Obviously, each piece of this is important to the auto theft crisis, but we feel that sharing information and implementing the 72-hour rule at the bord

February 26th, 2024Committee meeting

Celyeste Power

Public Safety committee  Thank you very much for the question. Generally, we think that all options should be on the table to be explored to help combat the auto theft crisis. In addition to looking at stiffer penalties for the criminals doing this work, we're also advocating that we invest resources in

February 26th, 2024Committee meeting

Celyeste Power

Public Safety committee  I think a key part is to invest more into the resourcing of these prosecutions. It's important that the system works the way it's supposed to, but again, I think all options on the table to reduce auto theft, from stiffer penalties to investing more resources into prosecution, ne

February 26th, 2024Committee meeting

Celyeste Power

Public Safety committee  Thank you very much, Mr. Chair. As Terri noted, our industry sees trends before they become a crisis by way of rising claims costs. When we began to see auto theft numbers increase, we were quick to look at ways we could limit the impact on our customers. It was immediately clea

February 26th, 2024Committee meeting

Celyeste Power