Global Natural Disasters Cost Insurers $53B in Q1, With Economic Losses of $83B April 21, 2025 By L.S. Howard Global natural catastrophes had an insured price tag of more than $53 billion during the first quarter of 2025 –...
South Korea Contains Main Blazes in Week-Old Forest Fires March 28, 2025 By Minwoo Park and Daewoung Kim South Korean authorities have contained the main blazes in the country’s largest forest fire on record, a minister said on...
South Korea Battles Wildfires as Death Toll Rises to 18 March 26, 2025 By Soo-hyang Choi Wildfires ravaging South Korea over the past week have killed at least 24 people, making it the country’s worst forest...
Wildfires in Western Japan Damage Homes, Forcing Evacuations March 25, 2025 By Mari Yamaguchi Wildfires have hit several regions in western Japan, injuring at least two people, forcing dozens of residents to evacuate and...
Delaware Forest Service Warns of Elevated Wildfire Risk March 14, 2025 Delaware officials are reporting that the ongoing drought and current weather conditions have caused an uptick in wildfires in all...
Cascading Extreme Weather Events Unleash Billions in Damages Globally March 10, 2025 By Brian K. Sullivan, Mary Hui and Joe Wertz First came a dry spell that parched the land, then a spark, followed by some wind. Suddenly, swaths of South...
Japan Battles Worst Wildfire in 40 Years Amid Record Dry Season March 3, 2025 By Will Wade Japan is battling its worst wildfire in four decades, forcing thousands of people to flee amid some of the driest...
Munich Re Faces $1.3 Billion in Claims From Los Angeles Wildfires February 26, 2025 By Tom Sims and Alexander Hübner Germany’s Munich Re expects about 1.2 billion euros ($1.26 billion) in claims resulting from the Los Angeles wildfires, it said...
Property-Catastrophe Reinsurance Rates Will Stop Dropping Post Wildfires: Execs February 3, 2025 By Susanne Sclafane RenaissanceRe expects to incur about $750 million in losses from the January 2025 California wildfires—and anticipates that industrywide impacts should...
LA Fires Could Consume 30% of European Reinsurers’ Natural Disaster Budgets: Fitch January 24, 2025 By L.S. Howard The Los Angeles wildfires could consume more than 30% of the aggregate natural catastrophe budgets set for 2025 by Europe’s...