Global natural disasters cost $220b in 2025
Photo: Al Jazeera
Natural disasters caused an estimated $220 billion in global economic losses in 2025, Swiss Re reported, down from $327 billion in 2024. The costliest single event was the Los Angeles wildfires in January, which burned 23,000 acres and caused $40 billion in insured losses—the highest ever for a wildfire.
Insured losses from all disasters totaled $107 billion, helped by a milder North Atlantic hurricane season, though storms like Hurricane Melissa still caused $2.5 billion in insured damage across Jamaica, Haiti, and Cuba, News.Az reports, citing Al Jazeera.
The US accounted for 83% of insured natural catastrophe losses globally, while Southeast Asia faced severe floods in Vietnam, Thailand, and Indonesia.
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