As losses from global catastrophes reach $107B in 2025, insurers are helping mitigate risk

$ 107 billion. That is the estimate from Swiss Rest institute for insured losses from catastrophes around the globe this year. 83% of those losses happened in the United States with the LA wildfires becoming the most expensive wildfire event in history.Severe convective storms with wind, hail, and tornadoes are also driving the losses. And Swiss Revention, protection, and preparedness are crucial. Insurers are really sharpening their focus on mitigation, the ways that customers can lower their own risks.Whe ...