Kathmandu. The loss of insured property due to natural disasters is the highest in 14 years in the world.
In the first six months of 2025, natural disasters such as floods, landslides, storms, fires, and earthquakes caused $84 billion worth of insured property losses worldwide, according to the Gallagher Rico report. This is the highest damage since the first six years of 2011.
In the first six months of the previous 10 years, an average of $56 billion worth of insured property was damaged by natural disasters. Most of the damage to insured property has been caused by natural disasters in the United States.
In the first six months of this year, the United States accounted for 87 percent of insured property losses. In January, a fire in California caused $40 billion worth of insured property damage. About $32 billion worth of damage was caused by the storm.
In April, there were devastating earthquakes in Myanmar and Thailand. It is estimated that $1 billion worth of insured property has been damaged.
As of June this year, there have been 14 cases of insured property damage worth more than $1 billion. Of these, 13 have occurred in the United States and one in the Asia Pacific region. – Agency
