US EditionInsurer flags rising home fire costs as lithium-ion battery incidents increase
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Insurer flags rising home fire costs as lithium-ion battery incidents increase
Battery fires double in high-value claims, pushing premiums up.From ESS News Suncorp, which provides insurance in Australia and New Zealand, reports that lithium-ion battery fires are contributing to higher home insurance costs. The insurer said the higher number of battery-related losses adds to pressures from natural disasters and theft, with home insurance premiums rising 9.4% in 2024-25. April and May 2025 were the months with the highest va…
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