See the full video at https://rumble.com/vt719s-a-true-crime-story-of-insurance-fraud.html and at https://youtu.be / fAED2GUGwy8
Barry Zalma, Esq., CFE presents videos so you can learn how insurance fraud is committed and what it takes to discourage or defeat insurance fraud. This video blog about true insurance fraud stories with names and places changed to protect the culprits are all based on surveys done by me and fictionalized to create a learning environment for claims claimants, SIU investigators, insurance companies, police and insurance fraud lawyers can be used to deter or defeat a fraudulent insurance claim.
Sometimes, without fanfare, someone stands up and refuses to honor a blatant fraud. Such an event, by its rarity, deserves general recognition.
In October 1989, Joe Chevrolet, a negligent, uninsured driver, drove to the back of a vehicle driven by Marcia Toyota. Ms. Toyota was insured with Good Hands Insurance Company. Marcia claimed serious physical and emotional injuries as a result of the accident. Through her lawyer, Mel Shyster, she presented the reports from Louise Quack, a doctor of chiropractic. Good Hands and Toyota did not agree on how much loss she had incurred. Both sides presented evidence to the arbitrator Honest Abe Lawyer.
During the arbitration proceedings, Dr. Quack and explained the serious injuries she claimed she had discovered in Toyota. Dr. Quack talked at length about the many treatments she gave Toyota to make her healthy. Good Hands produced George Wellness, M.D. who testified that Toyota suffered "no damage." Good Hands was also brought to the arbitration expert, Ph.D. who expressed an opinion that the collision was "de minimis" and did not cause any actual damage to Toyota's vehicles.
Good Hands presented its evidence to the arbitrator with tremor. It knew that arbitrators often try to reach Solomon-like decisions. They often award prizes that share the difference between demand and supply.
Barry Zalma presents fictional True Crime Stories of Insurance Fraud from an expert who explains why insurance fraud is a "Heads I Win, Tails You Lose" situation for insurance companies.  The stories help to understand how insurance fraud in America costs everyone who buys insurance thousands of dollars every year and why insurance fraud is safer and more profitable for the perpetrators than any other crime.
If the fraud was successful The insurer must charge more premiums to cover the costs of defending fraud and paying funds to the perpetrator. If the fraud fails, the insurer must charge more premiums to cover the costs of defending the fraud. Everyone, except the lawyers, loses.
When you watch the videos, I hope they help you understand the effect that insurance fraud has on the perpetrators, the insurance companies, the people who need insurance, the people who buy insurance and the people who keep the insurance promises. For the past 54 years, Barry Zalma has devoted his life to insurance, insurance claims and the need to defeat insurance fraud.
© 2022 – Barry Zalma
Barry Zalma, Esq., CFE, now limits his practice to the position of insurance consultant specializing in insurance coverage, handling insurance claims, bad faith and insurance fraud almost equally for insurance fraudsters. policyholder.
He practiced law in California for more than 44 years as an attorney for insurance coverage and claims management and more than 54 years in the insurance industry.
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You can contact Mr. Zalma at https://www.zalma.com, https://www.claimschool.com, firstname.lastname@example.org and email@example.com. Zalma is the first recipient of the first annual Claims Magazine / ACE Legend Award.
The podcast "Zalma On Insurance" may be of interest at https://anchor.fm/barry-zalma; you can follow Zalma on Twitter at; you should watch Barry Zalma's videos on YouTube- https://www.youtube.com/channel/UCysiZklEtxZsSF9DfC0Expg; or videos at https://rumble.com/zalma. Go to Insurance Claims Library – https://zalma.com/blog/insurance-claims–library/ The last two issues of ZIFL can be found at https://zalma.com/zalmas-insurance- fraud- letter-2 /