Live Updates > Live Update Details
2025-07-29 14:14:19
[The United States accounts for the majority of natural disaster losses in the first half of the year] Munich Re said in a report that the United States accounted for the majority of global natural disaster losses in the first half of 2025. The German reinsurance company estimated that the total losses caused by natural disasters in the first half of the year were US$131 billion, far higher than the long-term average. About US$80 billion of this was insurance-covered losses. Both total losses and insured losses set the second-highest record for the first half of the year since Munich Re began keeping records in 1980, second only to the 2011 Japanese tsunami. The California wildfires were the most costly event during the six-month period, with an estimated total loss of US$53 billion, followed by the earthquake in Myanmar in March, which caused economic losses of US$12 billion. Thunderstorms in the United States also caused US$34 billion in losses.
