I work in the Disaster Recovery industry, so trust me, I know. Natural disasters are not good for the local economy.

However, the fact that there are disasters must be good for your personal economy, sinc eit is evidentally your field.
Curious: What area of Disaster Recovery ?

Who is going to pay for the cost to fight the fires? FEMA? The Feds? State and Local taxes?

This equals dollars coming from Sacramento and Washington, DC to Southern California that otherwise would have been spent other places for other things.

FWIW, longer term, I think the economic impact is small either way, relative to the overall regional economy.