Global insured disaster losses hit 14-year high, driven by U.S.

 Axios - Worldwide insured disaster losses in the first half of 2025 were the highest since 2011, with almost all of that in the United States, insurance brokerage Aon said yesterday. The financial impacts of natural disasters are getting steadily larger, driven by a combination of climate change and a more built-up environment.

Insured losses should hit "at least" $100 billion for the first six months of the year, Aon said in a recap.

• The first halves of the last two years came in at $71 billion each, and the long-term average is $41 billion, the brokerage said.
• Aon added that more than 90 percent of the losses were in the U.S., driven by wildfires and severe storms.

Aon specifically cited the effects of climate change on exacerbating certain kinds of disasters, including accelerating glacier collapse and shifting cyclone tracks.

While the financial impact was unusually high, disaster fatalities in the first half of the year were far below normal, Aon said.