BAD DAY FOR: Losing gracefully, as insurance firms, police, and state agencies are reporting an uptick in apparent arson among homeowners facing foreclosure. As people face increasingly high payments on homes worth less than they paid for them, some are torching their houses, and cars, for insurance money, says fraud investigator Dan Bales at Mercury Insurance. People “are pretty quick to burn their property right now,” he adds. (Los Angeles Times, free registration)
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