Pakistan, Aug. 7 -- Natural disasters caused a massive $135 billion in global economic losses during the first half of 2025. The largest contributor to these losses was the devastating wildfire in Los Angeles, which broke all previous insurance records. Experts have raised alarms about the rising frequency and financial impact of such events around the world.

Swiss Re, a major reinsurance firm, revealed that the losses in the first half of 2025 surpassed the $123 billion recorded in the same period last year. Out of the total $135 billion, $80 billion were insured losses, which is nearly double the 10-year average when adjusted for current prices. This highlights how vulnerable global economies remain to climate-related risks.

The Janua...