US EditionNatural disasters caused $135 bn in economic losses in first half of 2025: Swiss Re
LOS ANGELES COUNTY, CALIFORNIA, AUG 6 – Natural disasters caused $135 billion in global economic losses in H1 2025, with insured losses at $80 billion and wildfires in Los Angeles as the costliest event, Swiss Re said.
- Swiss Re reported that global economic losses from natural disasters reached $135 billion in the first half of 2025, with insured losses accounting for $80 billion.
- Losses increased from $123 billion in early 2024, driven by California wildfires and major natural disasters like the Myanmar earthquake.
- The Los Angeles wildfires caused the largest-ever insured wildfire loss, estimated at $40 billion, fueled by drought, winds, and dense high-value properties.
- Swiss Re's chief economist Jerome Haegeli emphasized that enhancing community safety and resilience is most effectively achieved by intensifying efforts in both mitigation and adaptation strategies.
- Swiss Re expects total insured losses could exceed $150 billion for 2025, with higher second-half costs forecast due to the North Atlantic hurricane season.
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The Los Angeles fires alone accounted for $40 billion in losses covered by insurance companies.
Natural disasters led to economic losses of $135 billion worldwide in the first half of the year, according to an initial estimate by Swiss Re, with the fires in Los Angeles particularly inflating the bill for insurers.
·Montreal, Canada
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Natural disasters caused US$135 billion in economic losses in first half of 2025: Swiss Re
ZURICH: Natural disasters caused US$135 billion in economic losses globally in the first half of 2025, fuelled by the Los Angeles wildfires, Swiss Re said Wednesday (Aug 6). Swiss Re, which serves as an insurer of insurance companies, said first half losses were up from the US$123 billion in the first half
·Singapore
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Total News Sources53
Leaning Left7Leaning Right6Center12Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 28%
C 48%
R 24%
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