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flag Wildfires and storms cause $80 billion in U.S. insured losses, setting records and straining insurers.

flag Natural disasters caused $135 billion in global economic losses in the first half of 2025, with wildfires and severe thunderstorms in the U.S. leading to $80 billion in insured losses, almost double the 10-year average. flag The Los Angeles wildfires alone caused an estimated $40 billion in losses, the largest-ever for a single wildfire event. flag Swiss Re predicts total insured losses for the year could exceed $150 billion, with hurricane season likely to contribute significantly. flag Insurers are pulling back from high-risk areas, leaving financial gaps for vulnerable communities.

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