I just got back, and while away we stayed with a friend who works for a big commercial contractor. He said it would be a huge boom for the construction and service related industries in San Diego. The insurance companies and their reinsurers are going to take the big hit initially although they typicaly boom a year or two after a disaster because they raise premiums across the board not just in the area affected.
I hate to think about this stimulating the economy because I feel horrible for those who lost homes, but the world keeps spinning….
