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Barry Zalma, Esq., CFE presents videos so you can learn how to commit insurance fraud and what is necessary to deter or defeat insurance fraud. This video blog about true crime stories about insurance fraud with the names and places changed to protect the culprits are all based on investigations made by me and fictionalized to create a learning environment for claimants, SIU investigators, insurance companies, police and lawyers better understanding insurance fraud which can be used to deter or defeat a fraudulent insurance claim.
Fire during the LA Olympics
In 1983, just before the Olympics came to Los Angeles, the doctor decided he needed more money to buy the plot next to his Westwood, California duplex . It was his dream to demolish the duplex and build condominiums for millions of dollars on the two plots. Before he could do so, however, he had to remove his tenants from the duplex. He also needed a significant amount of cash as start-up money for his intended development. His plan was to get a fire to destroy the duplex and to use the money he expected to get from his fire insurance to start building the condominiums.
He called his insurance agent who came to the duplex where the doctor lived with his girlfriend. and her young son. He told his agent that he had found out about the increased construction costs. He told the agent that he decided to double the limits of liability on his fire insurance. The agent, whose only concern was to collect additional commissions, carried out the request for the increase with pleasure because he did so doubled his commission.
The doctor explained to his insurance agent that because he had fled communist Yugoslavia ten years before he did so. does not understand American insurance.
When the doctor treated his Croatian patients, he told them he was Croatian. When he treated Serbian patients, he told them he was Serbian. His practice flourished in the Yugoslav community.
He continued to declare his total innocence even after acknowledging that there was evidence to support his admission of insurance fraud. The judge sentenced him to ninety days in the county jail and ordered him to replace him. The doctor paid legal fees incurred by his insurer to defend the lawsuit in bad faith he aroused for failure to pay his claim, which was rejected due to the conviction for insurance fraud.
© 2022 – Barry Zalma
Barry Zalma, Esq., CFE, now limits his internship 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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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 at https://www.youtube.com/channel/UCysiZklEtxZsSF9DfC0Expg/featured; 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 are available at https://zalma.com/zalmas-insurance- fraud -letter-2 /