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Climate Disasters Spike Global Insurance Losses to $84 Billion

7/19/2025

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Summary

Story summary

Global insured losses soared to $84 billion in 2025, primarily due to severe U.S. storms and tornado outbreaks.
Climate-related disasters are driving up costs for insurers, with California wildfires causing $40 billion in losses.
Homeowners in Georgia face an average insurance cost of $2,869, influenced by inflation and rising natural disasters.
Hawaii seeks accountability from fossil fuel companies for climate damages affecting insurance rates.
Catastrophe bond sales reached a record $18.1 billion, highlighting the increasing financial strain of climate change on insurers.

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Story summary

Global insured losses soared to $84 billion in 2025, primarily due to severe U.S. storms and tornado outbreaks.
Climate-related disasters are driving up costs for insurers, with California wildfires causing $40 billion in losses.
Homeowners in Georgia face an average insurance cost of $2,869, influenced by inflation and rising natural disasters.
Hawaii seeks accountability from fossil fuel companies for climate damages affecting insurance rates.
Catastrophe bond sales reached a record $18.1 billion, highlighting the increasing financial strain of climate change on insurers.