Wildfires in California have burned close to 50 square miles and forced the evacuation of more than 82,000 residents. (Photo: iStock)

A new report from Zurich-based reinsurance giant Swiss Re finds that total economic losses from disaster events during the first six months of 2016 rose 38 percent to $71 billion, as compared with the same period in 2015.

The damage cost insurers $31 billion, a 51 percent increase from last year.

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Patricia L. Harman

Patricia L. Harman is the editor-in-chief of Claims magazine, a contributing editor to PropertyCasualty360.com, and chairs the annual America's Claims Event (ACE), which focuses on providing claims professionals with cutting-edge education and networking opportunities. She covers auto, property & casualty, workers' compensation, fraud, risk and cybersecurity, and is a frequent speaker at insurance industry events. Contact her at [email protected]

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