Exploding Battery Fires Surge: Why Li-Ion Risks Are Skyrocketing Costs & Insurance Policies in 2024
Lithium Battery Fires Surge Globally: Insurers Raise Premiums as Claims Soar by 40% in Key Markets Insurance premiums for properties with lithium-ion batteries—used in everything from e-bikes to home energy storage systems—have jumped by up to 40% in some European markets this year, as fires linked to faulty batteries force insurers to tighten underwriting rules. … Read more