Insured vs. Reality: The U.S. Storm Coverage Gap in 2025
Total economic losses reflect all direct U.S. natural disaster costs in 2025, including property, infrastructure, and other asset damage regardless of insurance status. This figure is broader in scope than the $115 billion in billion-dollar disaster losses tracked by Climate Central elsewhere in this report, as Munich Re's methodology captures all U.S. natural disaster losses including events below the billion-dollar threshold. The coverage gap represents the difference between total economic losses and insured losses.