Friday, January 11, 2008

Growing Problem: Suburban Arson

Remember what they taught you in health class- arson is not the answer!

Will foreclosures spark an arson boom?

As homeowners get more desperate, the insurance industry is bracing for an increase in arson.

By Jon Birger, senior writer, Fortune

The arson increase in 2006 marked a change from the prior three years when suburban arson fell 3 percent, 5 percent and 6 percent, respectively. Says Dennis Jay, the Coalition Against Insurance Fraud's executive director, "It's a growing problem."

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