my interest is how the respective insurance carriers will respond to this.
I can see how policies forms for these folks ( well, policy not in the simplest form like we know....reinsurers is more likely what they have for cat claims ) may not have even been decided on at time of loss. Most reinsurance "treaties" are done on 4/1 each year.
There is a boatload of $$$$ at stake here. Its going to be an interesting settlement.