Maybe it does, but it is crying now.
Anyone building in those areas or buying in those areas fully knows the risk, but more than likely didn't face the reality.
In most cases, they couldn't get insurance for landslides at all and all this will be paid for with their own money to repair or move out.
I think they will not be allowed to live there again, but at least that level of person can buy another house of some kind fairly easy.
You might have an old couple or two in there with limited funds, but you might have to define limited as over 3 million dollars in the bank.