Geoeconomic confrontation, cyberattacks, extreme weather and aging systems are amplifying risks across essential infrastructure networks, according to a Gallagher report.
Construction costs for a single data center location can exceed $20 billion — double once technology is installed — creating concentration exposures in catastrophe-prone areas, according to Swiss Re Institute.
Federally funded infrastructure projects propel recent surety market premium growth and demand for surety bonds among contractors and developers: AM Best.
Construction spending projected between $3 trillion and $7 trillion globally by 2029-2030 is fueling rapid expansion in data center infrastructure: Allianz Commercial.
Recent government opposition notwithstanding, this new frontier in U.S. renewable energy is seen as essential to meet power demands for data centers and the electrified economy.
Zurich report highlights the growing risk of intense parking garage fires due to the increasing use of plastics and lithium-ion batteries in modern vehicles.
The solar panels rapidly being deployed across the country are vulnerable to damage from hail and costly to replace, limiting their risk transfer options. Parametric insurance injects some much-needed flexibility.