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.
Kent Bo Fridolfsson, who was the former president and owner of construction firm Diversified Specialists and a state-licensed contractor since 1986, was placed on formal probation, ordered to pay $725,000 in restitution and had to surrender his contractor's licenses, the insurance department reported.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
