Natural disasters cost over $131 billion globally in 2025, with U.S. wildfires leading at $53 billion.

Natural disasters have caused over $131 billion in global losses in the first half of 2025, with the US experiencing the most damage at $93 billion. Southern California wildfires were the costliest, causing $53 billion in losses. Around 70% of global weather-related damage occurred in the US, with uninsured Americans and local governments facing a $22 billion hit. Climate change is increasingly contributing to the intensity of these disasters.