City of London burns down, costing $100 billion

Whilst I was away, no-one seemed to bother reporting that the City of London had burnt down:

Maybe that's because it didn't … but it did 343 years ago in 1666.

The Great Fire of London raged from September 2nd to 5th and destroyed most of the City.  According to insurers Royal & Sun Alliance (RSA), the equivalent Fire today would cause around $100 billion (£65 billion) of damage.

Shoot … that's almost a quarter of a subprime crisis or a peanut in a derivatives default pool.