The home of Hollywood actor Nick Nolte caught fire today but contrary to reports, the house did not burn to the ground. The fire is thought to be caused by an electrical malfunction resutling in $3.5 million in damage to the structure. Nolte was injured trying to exit through a broken window and suffered some smoke inhalation.

Um, they just put this fire out, how the hell can they speculate the monetary value of the damage so fast?