Global natural catastrophes had an insured price tag of more than $53 billion during the first quarter of 2025, with claims driven by the wildfires in Los Angeles adding roughly $38 billion to taht, or 71% of total insured losses across the globe, according to Aon’s Q1 Global Catastrophe Recap – April 2025.
Insured losses during the quarter ($53 billion) were far higher than the 21st century Q1 average of $17 billion, representing the second-highest total on record after the first quarter of 2011.
“At least six events, all of which occurred in the United