Insurer’s $7,870,557.89 Judgment Against Fraudster Stands

Read the full article at https://www.linkedin.com/pulse/proactive-insurer-has-fight-renew-judgment-against-zalma-esq-cfe and at https://zalma.com/blog plus more than 3900 posts. 

Insurer May Collect on Default Judgment Against Fraudster

In People Of The State Of California, ex rel. Interinsurance Exchange Of The Automobile Club Of Southern California v. Alex Semyon Mirsky, B297321, California Court of Appeals, Second District, Seventh Division (September 21, 2021) Alex Semyon Mirsky appealed from the superior court’s denial of a motion to vacate a 2013 renewal of a default judgment and the underlying default judgment.
ZALMA OPINION

Insurance fraud is estimated to take from the insurance industry between $80 and $300 billion every year. No one really knows.  Mr. Mirsky was a major player in fraudulent insurance schemes and was convicted of crimes relating to the fraud in both state and Federal Court. The Interinsurance Exchange, a major victim of his crime spree filed a qui tam suit and obtained a judgment of almost $8 million and has been adding interest to that judgment since it was entered. Since he was in prison attempts to execute on the judgment was delayed and the court renewed the judgment only to find Mirsky – attempting to avoid paying the judgment – fought in trial and the appellate court. The court properly held him to the judgment and allowed the Interinsurance Exchange to work to collect the judgment on behalf of the state.