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The Burned Up Russian  

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.  Since arriving in the United States, the Russian had done well  financially. He owned a million-dollar piece of real estate and three  gas stations. He was in the jewelry business, wholesaling jewelry he  would get on consignment from immigrants who arrived in the U.S. after  he was settled. He was, however, cash poor. What he needed was quick  cash.  He decided to burn his house down.  To profit from his action he increased his homeowners insurance coverage  three fold. He found unscrupulous \\u201cart appraisers\\u201d who would sign  appraisals in blank or which he prepared for them. He, without the  knowledge of his insurers, personally appraised all of his household  goods as if they were great works of art. He intended to, and did, claim  they all came from the then Soviet Union as \\u201chousehold goods.\\u201d  arry 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 \\u201cZalma on Insurance\\u201d at https://zalmaoninsurance.locals.com/subscribe and \\u201cExcellence in Claims Handling\\u201d 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 \\u201cZalma On Insurance\\u201d at https://anchor.fm/barry-zalma;  you can follow Mr. Zalma on Twitter at; you should  see Barry Zalma\\u2019s 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\\u2013library/ The last two issues of ZIFL are available at https://zalma.com/zalmas-insurance-fraud-letter-2/