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Economic losses from natural disasters down by a third in 2025: Swiss Re
Economic losses from natural disasters down by a third in 2025: Swiss Re
Economy
by  AFP

Global economic losses from natural disasters are projected to have dropped by 33 percent to $220 billion in 2025, despite the damage wrought by the Los Angeles wildfires, reinsurer Swiss Re said Tuesday. The Los Angeles blazes were the costliest-ever wildfire event globally, with insured losses of $40 billion.