Bill Seeks Assessment Increase to Protect Solvency of Uninsured Employers Fund

Maryland’s Uninsured Employers Fund is asking lawmakers for permission to increase assessments levied against workers’ compensation awards and settlements to protect the solvency of the program. The Uninsured Employers Fund provides benefits to people injured while working for illegally uninsured employers and to step in when a self-insured employer becomes insolvent. Fund expenditures have outpaced revenues during four of the last five fiscal years. The fund is financed by a baseline 1% assessment on awards and settlements. Current law allows the Workers’ Compensation Comm...