Management Company Owner Sentenced for Pocketing Premium Refunds

The owner of a hotel management company was sentenced to six months in jail for stealing workers’ compensation premium refunds from more than 12 small and medium-sized hotels, the Santa Clara District Attorney’s Office announced. As part of managing hotels throughout California, Henry Flynn, 57, owner and CEO of Kubo, obtained workers’ compensation coverage for hotel staff. “Records from 2015-2018 showed that for those policy years, Kubo overestimated the insurance needs of some clients, resulting in premium overpayments of tens of thousands of dollars per year,&rdquo...