South Park Pundit would like everyone to know that, despite living in San Diego, he remains unincinerated.
Meanwhile, the Governator's office has released statements to the effect that damages in the googlebuck range are expected ($500 million? Isn't that, like, two crackerbox-size bungalows in LA County?), so be prepared for an orgy of paycheck-raping government proposals to bail out needy fire victims and insurance industry lobbyists with the hard-earned tax dollars of people who elected not to live in tinder-filled wind tunnels located on fault lines.
SemiNatural disasters like this do have an upside, however, in the comedy unleashed afterwards when 90% of Americans flock to their computer keyboards to display their lack of knowledge of exactly what insurance is or how it works. See, most folks believe that insurance companies are some sort of fairy godmothers that exist to shower free money on them if something bad happens. Nothing could be further from the truth. Insurance companies are legal bookies.
For instance, say I want to bet an insurance company that I wouldn't run into an immovable object with the Zed Three this year. They look at me, plug a bunch of factors into a computer (single chick, sports car, but pushing 40 and no moving violations), squint, poke a calculator, and offer to bet me $XXX dollars that I will keep my car out of the ditch for the next twelve months. If the sum seems reasonable, I take the bet. If there are no car/tree interfaces over the time period, the insurance company wins and keeps the money. If they lose, well, too bad for them.
In this case, insurance companies have bet a bunch of people in SoCal that their houses wouldn't burn down. To return to the auto insurance analogy, everybody in LA and San Diego just put their Beemers in a ditch, all at once. Sucks for the insurance companies, but that's the nature of the game; they don't call it "risk" for nothing...
UPDATE: Oh, goody. My prediction has come true. Looks like I'm chipping in, whether I want to or not.