state fund News

California Contractor Pleads Guilty to Insurance Fraud After Underreporting Nearly $1M in Payroll

Kent Bo Fridolfsson, 67, of Benicia, California, pleaded guilty to six charges of insurance fraud and grand theft after a joint investigation with the California Department of Insurance, Solano County District Attorney’s Office and the Employment Development Department reportedly revealed …

California Couple Charged with Underreporting $4M in Employee Payroll

Brian Hill, 64, and Leslie Hill, 68, a husband and wife from Bakersfield, California, were charged with multiple felony counts of insurance fraud and conspiracy after a California Department of Insurance investigation reportedly found the couple underreported over $4 million …

California State Fund to Return $55M to Businesses

California’s State Compensation Insurance Fund on Thursday announced plans to distribute a roughly $55 million dividend to its qualifying policyholders with policies that took effect between Jan. 1 and Dec. 31, 2021. The dividend equals roughly 5% of the estimated …

California Business Owner Arraigned in $2.5M Workers’ Comp Fraud Scheme

Zachary Navo, 38, of Visalia, Calif., was arraigned yesterday on five felony counts of insurance fraud after a California Department of Insurance investigation revealed he allegedly underreported wages by over $2.5 million in an attempt to fraudulently reduce workers’ compensation …

State Fund Offering Credit Extension to Policyholders Impacted by California Wildfires

California’s State Compensation Insurance Fund is offering a 30-day credit extension to policyholders affected by wildfires currently burning in Northern California counties declared states of emergency by Gov.Gavin Newsom. The counties are Alpine, Butte, El Dorado, Lassen, Nevada, Placer, Plumas, …

California Contractor Arrested in Nearly $1M Workers’ Comp Scheme

Carolyn Plaza of Fresno, Calif., self-surrendered on May 6 after a warrant for her arrest was issued on six felony counts of insurance fraud. A complaint filed on April 16, alleges Plaza underreported more than $3 million in employee payroll …

California Claims Adjuster and Chiropractor Arrested in $1.6M Operation

Claims adjuster, Agop Sarafian, 65, of La Crescenta, Calif., and chiropractor, Shahe Topjian, D.C. 65, of Granada Hills, Calif., were arrested on felony insurance fraud charges after allegedly conspiring to defraud Sarafian’s employer, the State Compensation Insurance Fund, by setting …

California State Fund Pledging $50M for Essential Workers During COVID-19 Crisis

California’s State Compensation Insurance Fund announced on Monday that it will establish two new funds to support the health and recovery of essential workers and workplace safety during the COVID-19 crisis. The first fund, the Essential Worker Support Fund, is …

California’s State Fund Announces Credit Extensions, Moratorium on Cancellations

California’s State Compensation Insurance Fund announced several steps to support policyholders during the COVID-19 crisis, including a moratorium on policy cancellations and late payment penalties. State Fund also said it will extend credit to any business negatively impacted by COVID-19 …

California State Fund Declares 15% Dividend for 2019 Policy Year

California State Compensation Insurance Fund announced plans to distribute a roughly $55 million dividend to its qualifying policyholders with policies that took effect between Aug. 20 and Dec. 31, 2019. The dividend amounts 15% of the estimated annual premium reported …