Analysis

Will the lithium-ion battery boom trigger an insurance bust?

By 2024-07-30T07:00:00

Fire flames

The rising use of lithium-ion batteries is increasing fire risks, prompting potential policy wording changes. How will the industry respond to this new challenge?

As the world seeks to transition from using fossil fuels to clean energy, the growing dependence on lithium-ion batteries to support this shift could pose a major issue for the insurance industry.

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