Diversified Specialists had workers' compensation coverage placed with State Fund from 2010-2021, during which the company was required to report payroll. However, from 2010-2019, the construction firm reported zero payroll to State Fund. Credit: MargJohnsonVA/Adobe Stock
A Benicia, California contractor pleaded guilty to six charges of insurance fraud and grand theft after it was discovered he had underreported payroll by nearly $1 million in order to reduce his workers' compensation premium, according to the California Department of Insurance.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
