Fires involving Li-ion batteries are more dangerous and can lead to huge losses - and the insurance and shipping sectors are grappling how to deal with the issue.
Fitch acknowledge the Qingdao-based insurer's strong risk-based capitalisation, but highlighted its short profit record and need for better reinsurance arrangements.
Reuters reports that insurers are looking to increase premiums or revoke coverage for ships sailing to Ukraine following Russia's disengagement from a U.N.-supported grain trade agreement.
