{"id":301823,"date":"2025-07-29T18:06:18","date_gmt":"2025-07-29T18:06:18","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/301823\/"},"modified":"2025-07-29T18:06:18","modified_gmt":"2025-07-29T18:06:18","slug":"its-another-year-of-costly-disasters","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/301823\/","title":{"rendered":"It&#8217;s Another Year of Costly Disasters"},"content":{"rendered":"<p> A surge of wildfires and powerful storms has already driven global natural-disaster losses to more than $131 billion in just the first half of 2025. While that figure is down from the $155 billion tallied over the same period last year, it remains well above the long-term averages, reflecting a trend of increasingly costly disaster seasons, <a href=\"https:\/\/www.cbsnews.com\/news\/natural-disasters-damage-losses-2025\/\" target=\"_blank\" rel=\"noopener\">CBS News<\/a> reports. The bulk of this year&#8217;s losses stem from the Los Angeles-area wildfires, which alone accounted for $53 billion in damages, with $40 billion covered by insurance, according to the report from insurance company <a href=\"https:\/\/www.munichre.com\/en\/company\/media-relations\/media-information-and-corporate-news\/media-information\/2025\/natural-disaster-figures-first-half-2025.html\" target=\"_blank\" rel=\"noopener\">Munich Re<\/a>. (That&#8217;s in line with a separate report from Redfin, per the <a href=\"https:\/\/www.latimes.com\/business\/story\/2025-07-28\/new-report-estimates-damage-from-los-angeles-wildfires\" target=\"_blank\" rel=\"noopener\">Los Angeles Times<\/a>.) Scientists noted climate change&#8217;s role in amplifying fire conditions, leading to more severe and destructive blazes.<\/p>\n<p class=\"storyParagraph\">&#13;<br \/>\n                                        Overall, of the $131 billion in losses so far in 2025, $80 billion was insured, marking the second-highest insured loss for a six-month span since records began in 1980. Only 2011, which included Japan&#8217;s devastating earthquake and tsunami, saw more. Other significant events this year included a deadly 7.7-magnitude earthquake in Myanmar that killed about 4,500 people and caused $12 billion in losses, with only a small fraction of that insured. A string of US storms from March to May also contributed significantly, racking up around $19 billion in total losses. Munich Re&#8217;s analysts emphasized that as populations grow in high-risk areas and weather extremes intensify, largely due to climate change, such losses are likely to keep rising.&#13;\n                                    <\/p>\n","protected":false},"excerpt":{"rendered":"A surge of wildfires and powerful storms has already driven global natural-disaster losses to more than $131 billion&hellip;\n","protected":false},"author":2,"featured_media":301824,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3843],"tags":[557,73781,2311,35330,728,1196,556,4676,70,16744,111442,16,15,732],"class_list":{"0":"post-301823","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-environment","8":"tag-california","9":"tag-california-wildfires","10":"tag-climate-change","11":"tag-earthquake","12":"tag-environment","13":"tag-insurance","14":"tag-los-angeles","15":"tag-natural-disaster","16":"tag-science","17":"tag-storm","18":"tag-tornadoes","19":"tag-uk","20":"tag-united-kingdom","21":"tag-wildfires"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114937854910430836","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/301823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=301823"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/301823\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/301824"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=301823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=301823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=301823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}