Being secured is the major concern of every investor which therefore necessitate an insurance coverage. However, there is always a concern as to what happens when the incident secured against finally happens. Most especially, when fire insurance policies are concern. That therefore forms the...

We construct panel data on house prices and the determined cause of 4.8 million individual fires in the United States between 1986 and 2010 to test whether decreases in local housing market prices coincided with increases in arson. Since some insured homeowners may attempt to disguise the actual...