Waterloo Police charge car theft suspects in Ontario heists

Waterloo Police charge car theft suspects in Ontario heists | Insurance Business

Waterloo Police charge car theft suspects in Ontario heists
Waterloo police have cracked the case of missing cars in Ontario after months of investigation that followed reports of a theft in August last year.

According to a report from the Waterloo Regional Police Service, the warrants served in Kitchener and Wilmot resulted in the recovery of nine stolen vehicles worth $280k.

Learn more about auto theft insurance here.

Waterloo Police worked with Stratford Police Service and Ontario Provincial Police to nab two suspects, Kyle Stiller and Jennifer Stiller, both of Wilmot Township. The two were charged with trafficking stolen property and possession of stolen property.

The Insurance Bureau of Canada (IBC) contributed to the investigation by identifying several newly registered vehicles that matched the description of the stolen cars.

Want the latest insurance industry news first? Sign up for our completely free newsletter service now.

“IBC congratulates our law enforcement partners on this investigation,” Dan Beacock, director of the IBC auto theft division in Ontario and the Atlantic, said in a statement. “We will continue to be an active partner in fighting auto crime in Ontario and across Canada. Auto theft and vehicle fraud are not victimless crimes—they impact consumers and can drive insurance premiums higher.”

IBC estimates that automobile theft costs Canadians close to $1 billion each year. Insurers shoulder more than half this cost to fix or replace the stolen vehicles, while $250 million goes to police, healthcare and court system expenses.

Related stories:
Toronto man cleared of auto insurance fraud
BC transportation minister says luxury car coverage drop is not final