Insurance claim is hardly a big deal when personal injury claims often go into 7 figures
However it makes a good story.
Real issue is that clearly the underwriters are not going to make the money back from one person so all premiums will rise as a consequence – however only one person will gain from the car being effectively rebuilt and now as near to a new one as can be……kerr-ching for the rich boy
The market won’t take that, you’ve just got to suck up the loss. it’s enough to utterly annihilate the personal motor book of the insurer, for some years to come frankly, but that’s not gonna get passed on to consumers. Compared to commercial property or liability claims it was small, but that’s not the point.