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0.00219672931413238 0.00219672931413238 0.00219672931413238 0.00219672931413238 0.00195264827922884 -0.00146448620942141 0.000829875518672346 0.00244081034903591
Stock impact report

Natural disasters hit global economy for $220bn in 2025: Swiss Re [Yahoo! Finance]

SWISS RE LTD S/ADR (SSREY) 
Company Research Source: Yahoo! Finance
The company, which insures insurance companies, issued its preliminary estimate for 2025 on Tuesday. Despite the staggering cost of natural catastrophes, ranging from hurricanes to wildfires, the level of the losses was actually an improvement on the previous year, when the world was hit for $327bn. The 33 percent drop was recorded despite the wildfires that ravaged wealthy neighbourhoods in Los Angeles in January, burning more than 9,308 hectares (23,000 acres), destroying homes and businesses and forcing thousands to flee. Swiss Re put the insured losses from the inferno at $40bn, labelling it the globe's costliest wildfire to date. That single event was a major contributor to the $107bn in insured losses from natural catastrophes in 2025. The Zurich-based reinsurer pointed out that total insured losses were down 24 percent on the previous year's total of $141bn, largely thanks to a less severe hurricane season in the North Atlantic. “For the first time in 10 years, none Show less Read more
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