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Story summary
- In 2025, U.S. payouts from severe convective storms (SCS) reached $68 billion, outpacing cyclone losses, according to First Street.
- Global SCS payouts over the past 25 years total $794 billion, exceeding flood, earthquake and drought losses.
- First Street projects that, if current trends continue, SCS will become the world’s third-costliest natural disaster within a decade.
