WorkSafeBC changing fraud protocol

WorkSafeBC has terminated its dedicated fraud investigation unit, prompting critics to warn that cases could slip through the cracks and increasing reputational and operational risk for the provincial insurer. WorkSafeBC says fraud investigations will continue under a new protocol. The move raises governance and legal risk and may draw political scrutiny and public backlash, but is unlikely to have material market impact.

Analysis

WorkSafeBC has terminated its dedicated fraud investigation unit, prompting critics to warn that cases could slip through the cracks and increasing reputational and operational risk for the provincial insurer. WorkSafeBC says fraud investigations will continue under a new protocol. The move raises governance and legal risk and may draw political scrutiny and public backlash, but is unlikely to have material market impact.