Insurers May Face $145 Billion in Catastrophe Losses in 2025

According to the Swiss Re reinsurer, the cost of natural disasters to insurance last year was $137 billion. This is more than in previous years, the upward trend is expected to continue... and the costs to the economy are even greater.

2025 Climate Disaster Costs Could Reach $145 Billion Globally: Analysis

According to a new analysis by Swiss Re Institute, insured natural catastrophe losses globally could reach $145 billion this year, primarily driven by “secondary perils” such as floods, wildfires and severe thunderstorms. This follows a five to seven percent long-term annual growth trend, the institute said. The report, Natural catastrophes: insured losses on trend to USD 145 billion in 2025, said “primary perils” such as earthquakes and hurrica…

New study reveals troubling factor driving up costs for home owners: 'Potential to wreak havoc'

Home insurance costs have skyrocketed in recent years, with premiums rising an average of 24% between 2021 and 2024. While inflation and rising rebuild costs are major contributing factors, AZ Central reported the Consumer Federation of America has revealed another, more concerning factor: extreme weather.  What's happening? The report, titled "Overburdened: The Dramatic Increase in Homeowners Insurance Premiums and Its Impacts on American Homeo…

Insurers May Face $145 Billion in Catastrophe Losses in 2025

Insured losses from natural catastrophes could soar to $145 billion this year — well above the 10-year average — as population growth, urban sprawl and climate change combine to supercharge risks, according to a report by Swiss Re Institute.

Insurers may face $145 billion in catastrophe losses in 2025

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Insurers may face $145B in catastrophe losses in 2025

Insured losses from natural catastrophes could soar to $145 billion this year as population growth, urban sprawl and climate change combine to supercharge risks, according to a report by Swiss Re Institute.