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A Video Explaining How to Discover and Defeat Insurance Fraud   

https://zalma.com/blog

Next to tax fraud, insurance fraud is the most practiced crime in the  world. It is perpetrated by members of every race, religion, sexual  orientation, and nationality. Insurance fraud is perpetrated by members  of every profession. The temptation to commit insurance fraud is great  because prosecutions are rare, convictions are rarer and the convicted  serve little or no time in prison. The possibility of a tax-free profit,  coupled with the commonly held belief that it is not a crime or morally  wrong to steal from an insurer is often too difficult for normally  honest people to resist.  In September 2019 the Coalition Against Insurance Fraud, after reporting  on the conviction of an insurance fraud perpetrator who was sentenced  to probation only, asked: \\u201cWhat\\u2019s wrong with courts that won\\u2019t send  frauds to jail for a felony?\\u201d The answer is a failure to educate the  judiciary that insurance fraud is a serious crime against the public \\u2013  not just what they consider a rich and less than honorable industry.  The education effort must explain to the public and the judiciary that  each year, the effect of insurance fraud runs to billions of dollars. It  is estimated that insurance fraud takes between 3% and 30% of the  premiums collected by insurers doing business in the United States. It  drains from $80 billion to $300 billion from the assets of insurers and  similar amounts from government supported \\u201cinsurance\\u201d programs like the  National Flood Insurance Program, crop insurance programs, Medicare,  Medicaid, Social Security Disability, and Obamacare.  Insurance fraud is not limited to the US. It happens in every country  where insurance exists. For example, in the United Kingdom, insurance  fraud is estimated to take \\xa31.4 billion a year. [See  www.insurancefraudbureau.org/.]  In Canada, insurance fraud accounted  for between 10% and 15% of premiums in 2009\\u2014or an estimated $C1.3  billion, according to the Insurance Bureau of Canada (IBC).   \\xa9 2021 \\u2013 Barry Zalma  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 52 years in the insurance business. He is available  at http://www.zalma.com and zalma@zalma.com.  Mr. Zalma is the first recipient of the first annual Claims Magazine/ACE  Legend Award.  Over the last 53 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 make it possible  for insurers and their claims staff to become insurance claims  professionals.  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 https://parler.com/profile/Zalma/posts; and the last two issues of ZIFL at https://zalma.com/zalmas-insurance-fraud-letter-2/  podcast now available at https://podcasts.apple.com/us/podcast/zalma-on-insurance/id1509583809?uo=4