Of course ML had insurance on the cards in case of theft at or loss on the way to a show.
There were 50 cards or so stolen, cards that are easily identifiable if they're either offered for sale at auction or sent into PSA or SGC, who I presume have already been provided scans of the cards and are on the lookout for these cards if sent in raw for grading. Anyone who buys the cards as slabbed would be buying stolen property; not a great investment I promise.
And I have no doubt Ryan will be made whole as if his cards sold for the prices realized at auction; that's what insurance is for.
My guess is some hotel employee stole them, having no idea either the value or rarity of the cards. He's probably panicked at this point, not appreciating what he stole at the time. I just hope he didn't dump them somewhere in an effort to get rid of the evidence. While it's incredibly frustrating for any of the winners of these really rare, special cards, the buyers aren't out any money, just a few hours of sleep. Travis, that can be count two of your humdinger of a lawsuit.