Natural disasters across the globe cost insurers $80 billion during the first half of 2025, up from $64 billion in H1 2024, according to Munich Re’s mid-year natural disaster report.
On the other hand, overall economic losses (which include insured claims) dropped slightly to $131 billion during H1 2025, compared with $155 billion last year (adjusted for inflation). Nevertheless, economic losses were well above the long-term average, Munich Re said.
The U.S., once again, drove natural disaster losses — particularly due to record-breaking wildfires around Los Angeles in January, said the report titled “Wildfires around