True Crime of Insurance Fraud Number 37

Read the full article at https://www.linkedin.com/pulse/disaster-scum-barry-zalma-esq-cfe, see the full video at https://rumble.com/vxkl64-disaster-scum.html and at https://youtu.be/TE5Kb9N-nHE and https://zalma.com/blog plus more than 4100 posts.

Barry Zalma, Esq., CFE presents videos so you can learn how insurance fraud is perpetrated and what is necessary to deter or defeat insurance fraud. 

Disasters Draw Fraudsters

Disasters bring out the best in people. Disasters also bring out the worst in people. Some risk their lives and fortunes to help victims. Others risk prison to profit for the disaster.

After the January 17, 1994 Northridge earthquake insurance companies sent teams of experienced claims handlers and billions of dollars to California to ease the effect of the earthquake. Money was paid out quickly. Because of the extent of the disaster few controls were in place.

Those who prey on the hardship of others descended on Southern California as the plague of frogs descended upon Egypt when the Pharaoh refused to heed Moses’ warning.

The homeowners and the insurers were defrauded. Good faith claims handling hurt everyone but Able.

Neither the homeowners nor the insurers had learned that when a deal sounds too good to be true it is.

(c) 2022 Barry Zalma & ClaimSchool, Inc.

Barry Zalma, Esq., CFE, now limits his practice to service as an insurance consultant specializing in insurance coverage, insurance claims handling, insurance bad faith and insurance fraud almost equally for insurers and policyholders. He also serves as an arbitrator or mediator for insurance related disputes. He practiced law in California for more than 44 years as an insurance coverage and claims handling lawyer and more than 54 years in the insurance business. He is available at http://www.zalma.com and [email protected].

Over the last 54 years Barry Zalma has dedicated his life to insurance, insurance claims and the need to defeat insurance fraud. He has created a library of books and other materials to make it possible for insurers and their claims staff to become insurance claims professionals.

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