"I suppose that's a loss but millions of people are starving to death in Africa so I'm having a hard time caring about some rich people losing some material possessions."
You can care about multiple things at once.
That actually seems rare amongst humans, sadly.
Unicaring is in right now.
At the same time, hundreds were killed in road accidents. Why care about mere property? And that's only Americans. I don't think humans are well equipped to apply our feelings of caring to strangers we hear about on the news because there are far too many of them. We'd be reduced to blithering wrecks if we actually cared about all suffering.
Why can’t both be sad? The world lost history and lots of families lost their personal belonging, houses and possibly friends and/or family member.
I think both are a tragedy.
Also the devastating impact on wildlife... biodiversity loss is also irreplaceable considering this is the only planet we know with life in the universe so far.