Quote of the Issue:
“Man is only wise while he searches for wisdom; if he thinks he’s found it, he’s a fool.” – Rabbi Shlomo ibn Gavrioel
Florida Insurers Actively Pursue Fraud Perpetrators in RICO Suits
In a suit filed January 13, 2021, Heritage Property and Casualty Insurance Company sued Moisture Rid, Inc., Water Dryout, LLS and Angelica, Albert Sigler in the United States District Court for the Southern District of Florida, Miami Division, there docked as case number 1:21-cv-20134-DPG alleging desire to terminate an ongoing fraudulent scheme committed against Heritage and more broadly, the Florida homeowners’ insurance industry.
More Problems for Famous Litigator
Thomas Girardi’s $15m Problem with Litigation Funder Sent to Arbitration
New York Proposes a Flawed Method to Obtain Whistleblowers to Turn in Insurance Fraud Perpetrators
The New York Legislature has proposed the following as a means to help the police defeat insurance fraud:
Add §405-a, Ins L
Provides that any person who provides information to the attorney general, a district attorney or the insurance frauds bureau concerning a fraudulent insurance transaction or with information about a fraudulent insurance transaction that is about to take place may be entitled to an award of forty percent of the action or claim relating to such fraudulent action.
When State Fails to Prosecute Insurance Fraud Insurer May Bring Qui Tam Action
Insurance Fraud Victims Who Get No Justice May Sue Fraud Perpetrators on Behalf of State
Health Insurance Fraud Convictions
Fake Accident Places Defendant in Jail for 12-24 Months
In State Of North Carolina v. Abu Bakr Rahman, No. COA19-928, Court of Appeals Of North Carolina (November 17, 2020) the North Carolina Court of Appeal was asked to reverse the conviction of Abu Bakr Rahman. Rahman had been convicted of attempted obtaining property by false pretenses for his involvement in a scheme to stage a two-vehicle accident and then collect insurance proceeds for fake injuries.
The court dismissed his first claim of an inadequate indictment because asserted facts supporting every element of the offense, couched in the language of the statute. The State presented substantial evidence of each essential element of the offense—that Rahman made false representations about the accident and his resulting injuries that were calculated to deceive the authorities and insurance companies, and did deceive them, and by which Rahman attempted to obtain an insurance payment for fake injuries.
Other Insurance Fraud Convictions
New Book: “It’s Time to Abolish The Tort of Bad Faith“
The concept of unintended consequences is one of the building blocks of economics. Adam Smith’s “invisible hand,” the most famous metaphor in social science, is an example of a positive unintended consequence.
Over 110 Videos describing important insurance issues described by Barry Zalma and available to anyone who views or subscribes to the YouTube account. Issues include insurance fraud, definition of insurance, insurance as a contract of personal indemnity, millions for defense and not a dime for tribute and the tort of bad faith. Please subscribe. There are 62 Videos are at https://www.youtube.com/channel/UCFg7qxC0tVgKcMUqoUfnwPw/videos but I have had some difficulty posting new videos to my YouTube channel and have decided to post all future videos on insurance, insurance claims, insurance law, and insurance fraud to this YouTube Channel my Rumble channel https://rumble.com/c/c-262921 and my blog, https://zalma.com/blog.
Some of the more than 100 videos available include:
© 2021 – 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 [email protected].
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 – https://zalma.com/blog/insurance-claims-library/ Read posts from Barry Zalma at https://parler.com/profile/Zalma/posts; and Read last two issues of ZIFL here.