State regulators have approved a new settlement agreement with Ride the Ducks of Seattle, increasing the penalty to $308,000 after saying a previous amount was inadequate.

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OLYMPIA — Washington state regulators have approved a new settlement agreement with Ride the Ducks of Seattle for last year’s deadly crash, increasing the penalty to $308,000 after saying a previous amount was inadequate.

The Utilities and Transportation Commission approved the settlement Tuesday, contingent on agreement from Ride the Ducks. It increases an initial settlement agreement in March that proposed a $222,000 penalty, which commissioners said was insufficient.

Commission staff found 159 of Ride the Ducks’ motor-safety violations were acute or critical to protecting public safety. The rest were related to record keeping.

Under the new settlement, the commission agrees to suspend $152,000 of the penalty on the condition that the company does not have violations for the next two years.

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“We are satisfied with the final settlement with the Utilities and Transportation Commission,” Duncan Fobes, attorney for Ride the Ducks of Seattle, said in a statement. “This will allow Ride the Ducks of Seattle to focus on ensuring its fleet continues to operate at the highest levels of safety.”

The crash on Seattle’s Aurora Bridge last September killed five international college students and injured dozens of others when a repurposed military “duck boat” swerved into a charter bus.