January 13, 2026
Catastrophe losses down in 2025, picture still ‘worrisome’: Munich Re
A representational image of firefighters trying to put out the flames spread by the wildfires in Los Angeles. — AFP Losses from natural disasters worldwide will drop sharply to $224 billion in 2025, reinsurer Munich Re said on Tuesday, but it warned of a still “alarming” picture of extreme weather likely to be driven by climate change. The figure was down nearly 40 percent from a year earlier, in part because no hurricanes hit the U.S. mainland for the first time in several years. However, “the big picture was worrisome in terms of floods, severe … storms and fires in











