I can’t speak for Steve but I can say that yes, insurance will pay for lost data but it’s cold, cold comfort.
To be honest, as much as I’d like the cameras returned, I would rather have my 2 Drobo enclosures, 1 Burly SATA RAID, 1Tb MyBook, 2 OWC Mercury RAID drives and Quad Core G5 back. 😉 Upwards of 6 years of work down the crapper… I manage to back up everyone else’s drives but my own. I’ll re-phrase that: I did back up my work, just not to any drive that was taken off-site regularly. How the hell does one carry home 5 Tb of data!!!
Dammit, now I’m mad again… 😉