The West Virginia Department of Tax and Revenue, in conjunction with the Workers Compensation Commission (WCC), has revoked the business licenses of 400 employers that owe $2.4 million in workers’ comp premiums, interest, and penalties. West Virginia is one of 6 states with an exclusive state fund – in other words, WCC is the sole provider of workers compensation coverage in the state. According to recent news, WCC has more than $3 billion in unfunded liabilities and the idea of privatizing the state fund is under consideration. The unfunded liabilities in the state
Tags: West Virginia workers comp, West Virginia workers compensation, workers compensation state funds
