Wildfires & Storms: $100B+ Insurance Losses
Update: 2025-12-17
Description
Climate-related disasters, such as wildfires and severe storms, have caused a record-breaking $107 billion in global insured losses this year, according to a new report from Swiss Re Institute. This marks the sixth consecutive year of losses exceeding $100 billion. The Los Angeles wildfires alone resulted in $40 billion in insured losses, making them the most expensive wildfires ever recorded. Insurance companies are now urging policyholders to take preventative measures, such as clearing brush around homes in wildfire-prone areas and using stronger building materials in hurricane-vulnerable regions. Companies like FM Global are leading the way in prevention, offering resilience credits and testing materials for various perils. Other insurers, like Hippo and USAA, are also advising customers on risk mitigation strategies.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
