The LA wildfires in January and severe convective storms across the United States accounted for the bulk of the losses. (Credit: Pierce/Adobe Stock)

Global insured losses reached $84 billion in the first half of 2025, the highest first-half total since 2011, according to a new report from Gallagher Re.

There were 14 events with $1 billion or more insured losses in the first half, and 13 of them were in the United States.

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Corey Dahl

Corey Dahl is assistant editor with PropertyCasualty360.com. Reach her at [email protected].