New Books in Economics

Bench Ansfield, "Born in Flames: The Business of Arson and the Remaking of the American City" (Norton, 2025)

Aug 20, 2025
Bench Ansfield, an Assistant Professor of History at Temple University and author, explores the hidden narratives of urban arson in his compelling work. He reveals how landlords exploited insurance incentives, leading to devastating fires in marginalized neighborhoods. Ansfield introduces 'brownlining,' highlighting racial and economic injustices. The podcast also discusses community responses, the transformation of the insurance industry, and local efforts to reshape negative stereotypes about the Bronx during a turbulent era. It’s a profound look at history's impact on urban life.
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INSIGHT

Insurance As A Window Into Capitalism

  • Insurance acts as a mood ring for capitalism, revealing fear, indifference, and greed.
  • Property insurance translates social and physical worlds into the language of risk shaping racialized outcomes.
INSIGHT

Homeowners Policies Fueled Insurance Redlining

  • The postwar birth of the homeowners policy helped create insurance redlining by favoring suburban markets.
  • Deregulation and suburbanization made urban policies costlier and more limited, disadvantaging communities of color.
INSIGHT

Financialization Made Arson Economically Viable

  • Financialization in the 1970s shifted insurer profits from underwriting to investment income.
  • This investment focus lowered underwriting standards and tolerated higher losses, enabling profit-driven arson.
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