How wildfires and storms drove insurance losses in 2025 - in three charts

The article discusses how natural disasters, particularly wildfires and storms, significantly impacted insurance losses in 2025. Here are the key points broken down into three main categories:

1. Wildfires:

• Insurance Losses: The costliest year for wildfires was recorded in 2023 with $48 billion in economic losses.
• Impact of Climate Change: Wildfires have become more frequent and intense due to climate change, leading to higher insurance costs.

2. Storms (Including Hailstorms):

• Insurance Losses: In 2025, storms caused up to €50 billion ($58 billion) in economic losses across the EU.
• Hail Damage to Solar Panels: A significant factor contributing to the $51 billion cost was repairing damage to rooftop solar panels after hailstorms. Hailstones can crack the front glass on a solar panel and cause other damages that reduce its lifespan and yield.

3. Convective Storms:

• Global Impact: Globally, 2025 was the third-costliest year for convective storms, with $51 billion in losses.
• Increasing Hail Incidents: Major hail incidents with "

Read the full article at Carbon Brief

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