Summary
This report presents an analysis of global economic and insured losses due to natural disasters in the first half of 2025. The total economic losses are estimated at $162 billion, which is above the 21st-century average for the same period. The report identifies key events contributing to these losses, including the Palisades and Eaton Fires in California and a significant earthquake in Myanmar. Insured losses are projected to reach at least $100 billion, marking the second-highest total on record. The report also highlights the impact of severe convective storms in the United States, which accounted for a significant portion of the insured losses. Additionally, the report discusses the fatalities resulting from these disasters, noting that approximately 7,700 people lost their lives, primarily due to the earthquake in Myanmar. The findings underscore the ongoing challenges posed by natural disasters and the importance of insurance coverage in mitigating economic impacts.
