Unfortunate, to say the least. Sounds like you're taking it well though, with your faith in god and all
So am I hearing that the Volvo was ready to race? If so, I'd be a bit extra pissed as well. Glad you came out of it with just the bag rash rather than a fractured vertabrae. I've never been in a accident (just knocked on wood), and have never owned an airbag equipped vehicle, so my question is..... was that a side airbag (I'm guessing no by the photos) or do side impacts trigger a frontal airbag?
I imagine she'll be charged and you'll receive something for your troubles. Good luck with sorting things out. At least is wasn't one of the bimmers
Dave