News / Insurers want stronger regulations covering transport of lithium-ion batteries

© Yongyut Chanthaboot

The risks presented by transporting lithium-ion batteries is sufficient to warrant new regulation, TT Club, UK P&I Club and consultant Brookes Bell have determined in a white paper.

Fires theoretically only start with defective batteries; however, more batteries being transported means insurers must expect an increase in the number of fires.

“While increased industry awareness is crucial, and technology to monitor and restrict fires is advancing, the increased capacities of batteries and the expected rise in trade volumes means regulations are potentially ...