Will insurance claims on homes destroyed in the West Coast fires be paid?

The ongoing wholesale destruction of homes and property in the Western states is going to cost many fortunes. At this date, there is no end to this disaster in sight. Entire towns and vast woodlands are still ablaze and evacuees are fleeing, refugees in their own country.

What are the chances that homeowners’ policies are going to pay off? How are the insurance carriers going to deal with this? What is the likelihood that the surviving victims of these terrible losses are going to recover anything at all?