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Blaze at South Korea lithium battery plant kills 22 workers

by AIP Online Bureau | Jun 24, 2024 | International News, Policy, Regulation, Risk Management

South Korea has made efforts to improve its safety record after several past accidents, many of which have been blamed on negligence. Each year dozens of workers are killed in industrial accidents, which prompted parliament to pass a law aimed at punishing the...

Chubb launches Lloyd’s Lithium Battery consortium

by AIP Online Bureau | Sep 15, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management, Technology

The consortium was created to address a lack of capacity in the marine cargo market for providing lithium battery transit and stock insurance. It provides a one-stop solution with limits up to $50 million for risk types associated with lithium batteries including...

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