Legal Question in Business Law in California

Fraud: property damage claims with self insureds

Large firms, municipalities and utilities are

allowed to be "self-insured" exempt from state

insurance code by posting bond with DMV.No govt.

agency has oversight over their claims practices.

Have suffered over $25M in property damages; "bad

guys" offer only $4800 contigent on final

settlement of personal injury. Know of anyone who

has successfully litigated intentional fraud CACC

1709, 1711,1668 or 3294.c? Federal RICO "pattern

and practice? Have media interes


Asked on 6/19/99, 4:44 pm

1 Answer from Attorneys
Edward Hoffman Law Offices of Edward A. Hoffman

Re: Fraud: property claims with self insureds

Something doesn't make sense here -- do you mean $25 million or $25 thousand? People who have $25 million worth of property to damage usually already have lawyers to answer their questions.

Assuming the correct amount is $25 thousand, how do you come to this figure? You also refer to "personal injury," which is different from property damage. More details would be very helpful here.

It really doesn't matter much how the defendant is insured as long as they can come up with the money to satisfy any judgment you obtain against them. Your main concern at this point probably should be on proving your damages rather than worrying about their insurance.

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Answered on 6/29/99, 8:13 pm


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