YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Annual global insured losses from natural catastrophes are expected to hit $107 billion in 2025, driven by the Los Angeles wildfires and severe convective storms in parts of the United States, a Swiss Re Institute study showed on Tuesday.
The U.S. stood as the most affected market in 2025, accounting for 83% of the global insured losses.
Insured losses from natural catastrophes topped $100 billion in 2025 for the sixth straight year, according to the report, shifting focus back on tighter underwriting, higher premiums and fresh scrutiny of risk models.
Read more from Reuters.
A trio of brothers own Southway Storage LLC, which opened Oct. 7 and has 289 units to serve customers in Ozark, Nixa, Springfield and elsewhere in southwest Missouri.