LA wildfires push insurance losses to highest since 2011: Munich Re

Frankfurt, Germany (AFP) July 29, 2025

The Los Angeles wildfires drove insured natural disaster losses in the first half of the year to their highest level since Japan's Fukushima disaster in 2011, German reinsurance giant Munich Re said Tuesday. Insurers took almost $80 billion (69 billion euros) of losses from natural disasters worldwide, Munich Re said, the second-highest hit since 1980. Wildfires around Los Angeles in Jan