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True Crime of Insurance Fraud Number 37  

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. This Video Blog of True Crime Stories of Insurance Fraud with the  names and places changed to protect the guilty are all based upon  investigations conducted by me and fictionalized to create a learning  environment for claims personnel, SIU investigators, insurers, police,  and lawyers better understand insurance fraud and weapons that can be  used to deter or defeat a fraudulent insurance claim.  

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 Los  Angeles county California to ease the effect of the earthquake on those  of their customers prudent enough to buy earthquake insurance. 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\\u2019 warning.  Able Carpenter saw the earthquake as an opportunity to make an illegal  fortune without effort. Able had worked for two months before the  earthquake as a laborer on a construction project. He went door to door  in Northridge convincing the residents whose homes were damaged that he  would protect them from their evil insurers and repair their damaged  homes quickly and efficiently.  Able Carpenter now lives comfortably on the dividends. His customers  still have broken homes and insufficient funds to complete repairs.  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 zalma@zalma.com.  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.  Subscribe to Zalma on Insurance at locals.com https://zalmaoninsurance.local.com/subscribe. Subscribe to Excellence in Claims Handling at https://barryzalma.substack.com/welcome. Write to Mr. Zalma at zalma@zalma.com; http://www.zalma.com; http://zalma.com/blog; I publish daily articles at https://zalma.substack.com, Go to the podcast Zalma On Insurance at https://anchor.fm/barry-zalma; Follow Mr. Zalma on Twitter at https://twitter.com/bzalma; Go to Barry Zalma videos at Rumble.com at https://rumble.com/c/c-262921; Go to Barry Zalma on YouTube- https://www.youtube.com/channel/UCysiZklEtxZsSF9DfC0Expg; Go to the Insurance Claims Library \\u2013 https://zalma.com/blog/insurance-claims-library/ Read posts from Barry Zalma at Go to the Insurance Claims Library \\u2013 https://zalma.com/blog/insurance-claims-library/