Natural Disasters Caused $135 Bn In Economic Losses In First Half Of 2025: Swiss Re

The Los Angeles blazes in January constitute the largest-ever insured wildfire loss event by far, reaching an estimated $40 billion, said Swiss Re (Credit: AFP)

Natural disasters caused $135 billion in economic losses globally in the first half of 2025, fuelled by the Los Angeles wildfires, reinsurer Swiss Re said Wednesday.

Swiss Re, which serves as an insurer of insurance companies, said first half losses were up from the $123 billion in the first half of 2024.