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Disaster losses drop in 2025, picture still ‘alarming’: Munich Re

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Disaster losses drop in 2025, picture still ‘alarming’: Munich Re


A representational image of firefighters trying to douse the flames spread from wild fires in Los Angeles. — AFP

Natural disaster losses worldwide dropped sharply to $224 billion in 2025, reinsurer Munich Re said Tuesday, but warned of a still “alarming” picture of extreme weather events likely driven by climate change.

The figure was down nearly 40% from a year earlier, in part because no hurricane struck the US mainland for the first time in several years.

Nevertheless, “the big picture was alarming with regard to floods, severe… storms and wildfires in 2025”, said Munich Re, a Germany-based provider of insurance for the insurance industry.

The costliest disaster of the year came in the form of Los Angeles wildfires in January, with total losses of $53 billion and insured losses of around $40 billion, Munich Re said in its annual disaster report.

It was striking how many extreme events were likely influenced by climate change in 2025 and it was just chance that the world was spared potentially higher losses, according to the group.

“The planet has a fever, and as a result we are seeing a cluster of severe and intense weather events,” Tobias Grimm, Munich Re’s chief climate scientist, told AFP.

Last month Swiss Re, another top player in the reinsurance industry, also reported a hefty drop for 2025, putting total losses at $220 billion.

According to Munich Re’s report, insured losses for 2025 came in at $108 billion, also sharply down on last year.

Around 17,200 lives were lost in natural disasters worldwide, significantly higher than about 11,000 in 2024, but below the 10-year average of of 17,800, it said.

Grimm said 2025 was a year with “two faces”.

“The first half of the year was the costliest loss period the insurance industry has ever experienced,” he said — but the second half saw the lowest losses in a decade.

LA wildfires, Myanmar quake

It is now the cumulative costs of smaller-scale disasters — like local floods and forest fires — that are having the greatest impact.

Losses from these events amounted to $166 billion last year, according to Munich Re.

After the LA wildfires, the costliest disaster of the year was a devastating earthquake that hit Myanmar in March, which is estimated to have caused $12 billion in losses, only a small share of which was insured.

Tropical cyclones caused around $37 billion in losses.

Jamaica was battered by Hurricane Melissa, one of the strongest hurricanes ever to make landfall, generating losses of around $9.8 billion.

By region, the United States’ total losses amounted to $118 billion, $88 billion of which was insured — around the same as an estimate of $115 billion total losses from US nonprofit Climate Central.

The Asia-Pacific region had losses of about $73 billion — but only $9 billion was insured, according to the report.

Australia had its second most expensive year in terms of overall losses from natural disasters since 1980 due to a series of severe storms and flooding.

Europe saw losses of $11 billion. Natural disasters in Africa led to losses of $3 billion, less than a fifth of which was insured.

The report comes at a time when scepticism towards green policies is growing, particularly since the return to power of US President Donald Trump, who derides climate science as a “hoax”.

But Grimm warned that the Earth “continues to warm”.

“More heat means more humidity, stronger rainfall, and higher wind speeds — climate change is already contributing to extreme weather,” he said.





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Timothee Chalamet’s ‘insensitive’ joke sparks response from Met Opera

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Timothee Chalamet’s ‘insensitive’ joke sparks response from Met Opera


Timothee Chalamet lands in backlash days before the Oscars

Timothee Chalamet found himself embroiled in backlash on social media after he shared his controversial opinion on ballet and Opera as dying art forms.

The 30-year-old actor sparked an outrage with his comments as ballet and opera artists began to share their disappointment over the “tone deaf” joke he made.

The Marty Supreme star drew a response from the Metropolitan Opera itself as the organisation shared a TikTok video with the caption, “This one’s for you, Timothee Chalamet…”

The video showed people diligently working on costumes and wigs, as well as artists rehearsing, and the hustle bustle ahead of a performance, and the text over the video read, “All respect to the opera (and ballet) people out there,” taking a dig at Chalamet’s comment which he made after jokingly insulting the art forms.

The Metropolitan Opera’s response comes after many artists, as well as companies including the Royal Ballet and Opera in London critiqued the Dune actor for his disrespectful comments.

During the interview between Chalamet and Matthew McConaughey, the Beautiful Boy actor said, “I don’t want to be working in ballet, or opera, or things where it’s like, ‘Hey, keep this thing alive, even though like no one cares about this anymore.’ All respect to all the ballet and opera people out there.”

Although he immediately realised the nature of his remark, and said, “I just lost 14 cents in viewership. I just took shots for no reason,” it seems that had already been too late.





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UAE president says country is well and ‘no easy prey’ in first public comments since Iran strikes

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UAE president says country is well and ‘no easy prey’ in first public comments since Iran strikes


UAE President Sheikh Mohamed bin Zayed Al Nahyan meets an injured patient receiving treatment at a hospital in Abu Dhabi, United Arab Emirates, March 6, 2026. — Reuters
  • UAE president vows to carry out duty towards country.
  • Sheikh Mohammed says UAE “was no easy prey”.
  • Will emerge stronger from war: Sheikh Mohammed.

The president of the United Arab Emirates has said his nation was in a time of war but was well and told his enemies it was no easy prey, in his first public comments since Iran launched missiles at its Gulf neighbour amid US-Israeli strikes.

“The UAE has thick skin and bitter flesh — we are no easy prey,” Sheikh Mohammed bin Zayed Al Nahyan, who is also ruler of Abu Dhabi, said in comments, made on Friday when visiting those injured in strikes, aired on Abu Dhabi TV on Saturday.

“We will carry out our duty towards our country, our people, and our residents who are also part of our family,” he said.

The UAE “is in a period of war”, Sheikh Mohammed said, emphasising that “we will emerge stronger”.

The UAE, which consists of seven emirates including Dubai, would protect everyone in the country, he said.

Separately, an Emirati official said that the UAE wanted the Iranian aggression against non-combatant states, the Gulf states, to end immediately.

“Any sort of escalation is worrying. We want to contain the war. We don’t want the war to expand. We want to start with the Iranians realising that they are not helping themselves by attacking their whole neighbourhood and to stop there and realise that,” the official said.

Earlier today, the country’s defence ministry said that it intercepted 15 ballistic missiles and 119 drones as Iran kept up its attacks on its Gulf neighbour.

“Today UAE air defence systems detected 16 ballistic missiles, of which, 15 were intercepted and destroyed, while one ballistic missile fell into the sea,” the defence ministry said in a post on X.

“Air defence systems also detected 121 UAVs (unmanned aerial vehicles), of which 119 were intercepted, while two fell within the territory of the UAE.”

The ministry stated that a total of 1,305 Iranian UAVs have been detected so far, of which 1,229 were intercepted, while 76 UAVs fell within the territory of the UAE. Eight cruise missiles were also detected and destroyed.

These attacks, it added, resulted in the death of three, including a Pakistani, Nepali and Bangladeshi national, while injuring 112 people of various nationalities.





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Saturday Sessions: Cory Wong performs "Roses Fade"

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Saturday Sessions: Cory Wong performs "Roses Fade"



Grammy-nominated artist Cory Wong is known for his funky sounds and genre-defying collaborations. His latest album, “Lost in the Wonder,” featuring star-studded performances, is out now. Here’s Cory Wong performing “Roses Fade.”



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