As the LA fires were slowly contained by the heroic effort of firefighters, many of whom were incarcerated, as mutual aid groups handed out masks, and as people worked to help one another in the middle of devastation, landlords and insurance companies were taking a different approach. Landlords began to price gouge, raising the rents on thousands of properties in violation of the law and of all conception of morality. At the same time, insurance companies are reportedly pondering “whether they need to raise premiums in California even beyond the sharp rate increases of the past several years” according to The Guardian.
A Profitless World
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