LA Fires Push Insurers’ 2025 Disaster Losses to $107 Billion

Even with no hurricanes making landfall in the US in 2025, insured losses from global natural catastrophes surpassed the $100 billion mark for the sixth consecutive year, according to an analysis by Swiss Re Institute, the research arm of the reinsurance company.

The $107 billion estimate is 24% lower than last year, when Hurricanes Helene and Milton hit the US back to back. Nevertheless, it shows that extensive property damage from weather volatility, fueled by climate change, has become the new normal.

This year’s $100-billion-plus tally “reminds us that elevated natural catastrophe losses are no longer outliers but the new baseline,” Monica Ningen, Swiss Re’s ...