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Climate change presses on: Devastating wildfires and intense thunderstorms exacerbate losses for insurers | Munich Re
Munichre.com and 2 more
- Global natural-disaster losses in 2025 totaled about US$224 billion, with insurers covering roughly US$108 billion, signaling a still elevated but moderating risk profile year over year.
- The year saw numerous extreme events likely influenced by climate change, including Los Angeles wildfires, underscoring a trend toward more severe weather.
- About half of total losses were uninsured, a figure helped by high insured exposure from the Los Angeles wildfires, signaling protection gaps in some regions.
- North America dominated 2025 loss totals (US$133 billion), driven by Los Angeles wildfires, Hurricane Melissa, and severe regional thunderstorms.
- Europe posted modest losses around US$11 billion, with a Turkish cold wave and hailstorms among the costliest events.
- Asia-Pacific and Africa experienced sizable losses with low insurer coverage, highlighting protection gaps in multiple regions.
- The report reinforces a climate-change link to more severe and frequent disasters, underscoring rising global disaster risk.
- Munich Re reaffirmed its Ambition 2030 plan, signaling readiness to assume more natural-disaster risks and strengthen the global insurance safety net.
- The 2025 disasters included the Los Angeles wildfires as the costliest event and a Myanmar earthquake with high fatalities, highlighting humanitarian impacts beyond insured losses.
- A Yahoo News summary mirrors Munich Re's findings, labeling 2025 as a sharply lower year in disaster losses but still alarming due to climate-driven risk trends.
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