CNN —
Raging wildfires and severe storms contributed to record-high global insurance losses — totaling an estimated $84 billion — for the first six months of the year, according to a report from reinsurance broker Gallagher Re.
It has been the costliest first six months of a year since 2011, when insurance losses totaled $136 billion, the report said. Weather- and climate-related events amounted to at least $81 billion in the first half of 2025, the costliest on record for such events from January to June in a given year.
Insurance losses are
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