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The Largest Residential Burglary of All Time 

https://zalma.com/blog

 Within seven days of the delivery of his policy, a \\u201cburglary\\u201d was  reported. A total of $7,000,000.00 of specifically identified and  scheduled personal property was reported stolen. He claimed an  additional $2,000,000 in unscheduled diamonds were stolen from their  hiding place in one of his 50 suit coats hanging in the closet.  Faced with a $7 million fraudulent claim an insurer conducted a thorough  investigation only to fold when sued for bad faith.  Once an insurer gets a reputation for paying for fraudulent claims  rather than fighting with all of its assets those who perpetrate  fraudulent claims will gather like vultures over a rotting carcass ready  to pick the bones clean. The reverse is also true: when an insurer  makes it clear it will never pay a fraudulent claim, regardless of cost,  those who earn their living by fraud will stay away.  Barry Zalma presents fictionalized True Crime Stories of Insurance Fraud  from an Expert who explains why Insurance Fraud is a \\u201cHeads I Win,  Tails You Lose\\u201d situation for Insurers.  The stories help to Understand How Insurance Fraud in America is Costing  Everyone who Buys Insurance Thousands of Dollars Every year and Why  Insurance Fraud is Safer and More Profitable for the \\xad\\xad\\xadPerpetrators  than any Other Crime.  If the fraud succeeds the insurer must charge more premium to cover the  expense of defending the fraud and payment of funds to the fraud  perpetrator. If the fraud fails the insurer must charge more premium to  cover the expense of defending the fraud. Everyone, except the lawyers,  lose.  As you watch the videos I hope they help you understand the effect that  insurance fraud has on the perpetrators, the insurers, the people who  need insurance, the people who buy insurance, and the people who keep  the promises made by insurance policies.Over the last 54 years Barry  Zalma has dedicated his life to insurance, insurance claims and the need  to defeat insurance fraud.  \\xa9 2022 \\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 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.  Subscribe to "Zalma on Insurance" at https://zalmaoninsurance.locals.com/subscribe and "Excellence in Claims Handling" at https://barryzalma.substack.com/welcome.   You can contact Mr. Zalma at https://www.zalma.com, https://www.claimschool.com,  zalma@claimschool.com and zalma@zalma.com . Mr. Zalma is the first  recipient of the first annual Claims Magazine/ACE Legend Award.  You may find interesting the podcast "Zalma On Insurance" at https://anchor.fm/barry-zalma;  you can follow Mr. Zalma on Twitter at; you should  see Barry Zalma\'s videos on YouTube- https://www.youtube.com/channel/UCysiZklEtxZsSF9DfC0Expg; or videos on https://rumble.com/zalma. Go to the Insurance Claims Library \\u2013 https://zalma.com/blog/insurance-claims-library/ The last two issues of ZIFL are available at https://zalma.com/zalmas-insurance-fraud-letter-2/