Keyword
lithium-ion batteries
How lithium-ion batteries threaten recycling facilities
April 3, 2024 Philip PoradoIntroduction of lithium-ion batteries has introduced new hazards into the everyday lives of Canadians due to their ability to catch fire spontaneously – a phenomenon known as ‘thermal runaway.’ What began as concerns about fires started by cell phone and…
Lithium-ion batteries leading to deadly fires – and lawsuits
February 5, 2024 Philip PoradoCanadian property and casualty insurers may need to review their exposure to e-scooter claims, based on fresh claims emerging in the courts. A Vancouver woman is suing several makers of e-bikes and e-scooters following an apartment fire in 2022 in…
Paid 10 ways to mitigate risk in use and storage of lithium-ion batteries
November 6, 2023 Jenny Yung, QBE Underwriting Manager, Commercial PackageAs a leading business insurer, QBE Canada is aware of the risks that lithium-ion batteries can pose in commercial and industrial environments Rechargeable lithium-ion (li-ion) batteries were first introduced in 1991. Today, they’re everywhere. Think about how many rechargeable devices…
Combined ratio down 2.1 points for FM Global
March 31, 2017 by Canadian UnderwriterProperty insurance carrier FM Global released Thursday its financial results for 2016, reporting gross premiums earned of $5.44 billion. All figures are in U.S. dollars. In 2015, Johnston, R.I.-based FM Global had reported gross premiums earned of $5.49 billion. Net…
Large-format lithium-ion batteries greater hazard in warehouse fires than smaller such batteries: FM Global
December 7, 2016 by Canadian UnderwriterLarge-format lithium-ion batteries, such as those used in electric cars, tend to ignite more quickly in a warehouse fire and generally present a higher hazard than small-format batteries used in smartphones and laptops, according to new research. FM Global, one…