A recent tornado in Elbert County damaged Joey and Brenda Bermudez’s home, prompting workers to board up windows. Global insured losses have reached $84 billion in the first half of 2025, with violent storms in the U.S. driving over $30 billion in losses. Insurers face challenges from severe weather events and rising housing costs.

Read more at CNBC: Insurers just marked the costliest first half of the year since 2011