## Global Disaster Costs Soar to $135 Billion

**Losses Driven by Devastating Wildfires in Los Angeles, Switzerland's Reinsurance Giant Reports**

Natural disasters inflicted a staggering $135 billion in economic losses worldwide during the first half of 2025, according to Swiss Re. The Zurich-based reinsurance giant revealed that this figure represents a significant increase from the $123 billion recorded during the same period in 2024.

"The most impactful events were undoubtedly the devastating wildfires in Los Angeles," stated a spokesperson for Swiss Re. "These blazes caused widespread damage, displacing thousands and crippling local economies."

Swiss Re plays a crucial role in the global insurance industry by providing reinsurance to insurance companies worldwide. The company's data provides valuable insights into the escalating financial impact of natural disasters.  




## Global Disaster Costs Soar to $135 Billion

**Losses Driven by Devastating Wildfires in Los Angeles, Switzerland's Reinsurance Giant Reports**

Natural disas

#Natural disaster

Natural disasters caused $135 bn in economic losses in first half of 2025: Swiss Re