2025 wildfires were the costliest ever, researchers say - Sun, 31 May 2026 PST

Source: spokesman.com · Published: 2026-06-01

Even though the total area burned was relatively small, 2025 was the most economically damaging wildfire year on record, according to a new analysis published Sunday. The Los Angeles fires and a handful of severe blazes in other countries, including South Korea and Spain, drove up losses worldwide to at least $54 billion, the study estimates. It was the highest level of insured losses on record.