Credit: pla2na/Adobe Stock
In 2025, global catastrophes caused about $224 billion in economic losses and roughly $108 billion in insured losses.
It was the sixth year in a row that insured losses were more than $100 billion. But 2025 insured losses were about 25% lower than they were in 2024.
Lower losses were due mostly to the fact that no hurricanes made landfall in the United States last year. But that also means that losses from "secondary" perils like wildfires and severe convective storms helped close the gap.
For example, the United States accounted for 80% of global insured losses, due largely to the LA wildfires and losses from severe convective storms.
The slideshow above highlights key takeaways from Moody's 2025 Catastrophe Review.
Photo credit: pla2na/Adobe Stock
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