Duck is correct. There will be an influx of dollars from insurance companies that was formerly going to buy bonds and other securities. In the short run this includes funds for temporary housing, as well as goods lost in the fires. Later on this will be funds for construction. This will be far greater than the temporary interruptions to businesses that are occuring this week.
So, although you are correct that it is a net loss globally, it’s a net plus for the region.
