I have had some difficulty posting videos on YouTube and have decided to post my videos on insurance, insurance claims, insurance law and insurance fraud on this site.
For the past 52 years Barry Zalma has dedicated his life to insurance, insurance claims and the need to defeat insurance fraud. He has created the following library of books and other material for insurers and their claims staff to become professionals in insurance claims.
ACCIDENTAL IMPACT LAWS AND PORTFOLIO OF FAITH FAITH
After the creation of the bad faith claim, if the insurer and the insured did not agree to the application of the insurance in the actual situation, the damages were no longer limited to commercial damages other than contractual . If the court finds that the insurer was wrong, the amount of the contract and damages may be required to pay for emotional distress, pain, suffering, punitive damages, legal fees and any other damages deemed appropriate by the insured and the court. It was hoped that torture of bad faith would have a salutary effect on the insured industry
and compel the insurers to treat their insured fairly.
However, when insignificant claims that are improperly denied resulted in $ 5 million verdicts, "justice" found a new definition. Jurors, who were unaware of the cause and operation of insurance, decided that insurance companies that did not pay claims were evil and punished them, often feeling sorry for the insured. This also happened when the insurer's behavior was correct and correct according to the terms of his agreement. The massive judgments were made public, and many insurance companies decided to fight the insured in court was too risky and expensive. If an insured was sued for bad faith, no matter how correct the insurer's position in the contract was, the insurer would often choose to pay to dissolve.
Most of the massive judgments were reversed or reduced in appeal. The bad actors raised their premium and lost some business. Other insurance companies, before the massive judgments, allowed fear to check the cause and paid claims that were inappropriate or fraudulent. The extra cost was transferred to all insurance consumers, not to the insurers who acted incorrectly. The bad actors actually served. They continued their wrongdoing and paid the few insureds who sued.
Honest and professional insurance companies paid fraud, claiming that the policy never intended to cover the fear of painting with the same brush as the bad actors. Those who exercised good faith were punished and those who dealt with the insured in bad faith served.
Damage of bad faith, designed to help the innocent, resulted in punishing the honest and professional insurers and rewarded the insurers who traded bad faith with profit. Because of fear of punishment with bad faith, the insurance companies allowed many frauds to succeed rather than face potential damages. Contract terms that were clear and unambiguous were ignored to avoid disputes.
© 2020 ̵
Barry Zalma, Esq., CFE, now restricts his practice as an insurance consultant focusing on insurance coverage, insurance claims management, insurance bad faith and insurance fraud almost equally. policyholder. He also acts as arbitrator or mediator for insurance-related disputes. He has practiced law in California for more than 44 years as an insurance coverage and attorney management attorney and more than 52 years in the insurance industry. He is available at http://www.zalma.com and email@example.com.
Mr. Zalma is the first recipient of the first annual Claims Magazine / ACE Legend Award.
For the past 52 years, Barry Zalma has dedicated his life to insurance, insurance claims and the need to defeat insurance fraud. He has created the following library of books and other materials to enable insurance companies and their claims staff to become professional insurance claims.
Read Barry Zalma's post at https://parler.com/profile/Zalma/posts  Go to Zalma for insurance on YouTube https://www.youtube.com/channel/UCFg7qxC0tVgKcMUqoUfnwPwebrit19659006 ???? 19459005 ?? Go to the insurance claim library – https://zalma.com/blog/insurance-claims-library/
Subscribe to email version of ZIFL, it's free! . https://zalma.com/zalmas-insurance-fraud-letter-2/??19459008achte Chapter19659006achte Chapter19459005 ?? Visit Barry Zalma, Inc. website here https://www.zalma.com/ Chapter19659020 Like this: