NU Online News Service, Jan. 3, 3:55 p.m. EST
The Washington State Auditor's Office raised concerns in a recent report about the state's workers' compensation program, stating that the Accident Fund within the program is insolvent and that rate increases or modified benefits will be needed going forward.
The annual report from State Auditor Brian Sonntag said, "As of June 30, 2010, the Workers' Compensation Accident Fund was insolvent," which he defined as liabilities in excess of the value of assets.
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