WorkSafeBC: Financial Report

Investment Income Dept: The income drop, due primarily to underperforming investments, is detailed in WorkSafeBC s 2011 financial report. The crash is being blamed on the instability of global financial markets and Europe s debt crisis, according to Vancouver Sun. WorkSafeBC is the province s exclusive workplace insurer and safety regulator and b.C. employers will face annual WorkSafeBC premium increases of at least five per cent for the next several years after the Crown corporation s income plunged by $900 million last year. We were down in 2011 about $500 to $600 million in investment income, said WorkSafeBC chief financial officer Steve Barnett Wednesday of the WorkSafeBC report. The market last year wasn t particularly good, but the year before it was good. (www.immigrantscanada.com). As reported in the news.