Munich Re: Natural Disaster Losses Drop in 2025 Amid Alarming Extreme Weather Trends

Global natural disaster losses decreased to $224 billion in 2025, down from the previous year, according to reinsurer Munich Re. Despite this drop, the company warned the overall picture remains alarming due to extreme weather events, likely influenced by climate change. The costliest disaster was the Los Angeles wildfires, causing $53 billion in total losses. While fewer lives were lost compared to the previous year, the number remained significant, and cumulative costs from smaller-scale disasters like floods and wildfires are increasing.