Reported about 22 hours ago
Climate disasters, including devastating wildfires and severe storms, have led to record global insurance losses, totaling an estimated $84 billion in the first half of 2025, with projections surpassing $100 billion for the year. The report by Gallagher Re highlights intense costs driven primarily by January's wildfires in California and severe storms across the Midwest and South, marking a significant shift in the insurance market as companies respond to mounting claims and the pressures of a changing climate.
Source: YAHOO