Hour 2 of Ottawa Now for Mon. March 25th, 2024

An estimated 90,000 Canadian cars are being stolen every year, according to the federal government. And if you check the latest data from the Insurance Bureau of Canada, you’ll find that private auto insurers had paid out $1.2 billion in theft claims throughout 2022. How big is that number? Well, it’s three times bigger than the price tag from 2018. So how do insurance companies react to high-risk vehicles in high-risk areas? We pick the brain of Brian Erwin, an insurance broker at Ottawa-based McDougall Insurance. Meantime, a 75-year-old Manotick woman is shocked and frustrated at her bank’s security measures, as cybercriminals walked away with $15,000. Prior to the September 2022 heist, she had warned her bank they might strike. They allegedly failed to act, and the thieves got away with it.