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Published: Dec. 15, 2020, 2:42 p.m.

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Merry Chirstmas \\u2013 Happy Hanukah  & May the Winter Solstice be Peaceful & Mild

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https://zalma.com/blog

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A Christmas Fable of Insurance Fraud

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Most insurance criminals, unlike Raymond, know about the lack of staff, how overworked and underpaid adjusters are, and would never sign a release. The insurance criminal would either try to bribe the SIU investigator or sue the insurer for bad faith for having the gall to claim they caught them at their crime. Insurance fraud perpetrators do not give up a chance of easy money just because their scheme did not hold together. They change the scheme and bluster. Insurers, faced with an expensive defense, will pay something. Insurance criminals are not as naive as Raymond and insurers are not as bright and forceful as his auto insurer. Steve Nazarian would never just give Raymond a release, he would need to consult with management (up at least four layers) and a lawyer before he took such a chance to defeat an insurance fraud.

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Insurance fraud perpetrators, even if they feel they have been caught and will never recover, merely redouble their efforts and perpetrate more frauds so they can make up for the few where they are caught. Raymond Alexander gave a Christmas present to the insurance industry but is still loose to take advantage of the old, the poor, and the weak who are prime candidates for a bunco artist. Insurers, unlike an octogenarian widow, should be better able to protect themselves from a bunco scheme. In most cases, as Raymond found, are not able, willing or even care to protect themselves.

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The Christmas Present We All Need

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The Christmas present I would like is a state government willing to prosecute every insurance fraud to the limit of the law. I dream of an insurance industry willing to spend the money necessary to fight insurance fraud.  Santa, this is what I want as a gift to me and the entire world: Governments and insurers willing to fight insurance fraud and give no quarter to the fraud perpetrator.

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Editorial \\u2013 Anti-Fraud Resolutions

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Guilty of Staging a Two Car Accident

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Health Insurance Fraud Convictions

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Guilty of Insurance Fraud

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Other Insurance Fraud Convictions

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Consider Books to Show Your Appreciation to Your Insurer Clients or Claims Employees

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