The Data Centre Boom Is Testing Traditional Insurance
The global data centre sector continues to expand at extraordinary speed, driven by cloud computing, artificial intelligence and the growing volume of data generated and processed by businesses worldwide. However, as facilities become larger, more valuable and increasingly interconnected, the risks associated with them are also changing. Recent industry analysis has highlighted a growing challenge: […]
Battery storage facility fire could result in potential $500m insurance loss
A fire at Vistra Corporation’s Moss Landing Power Plant in the USA, which burned for five days and destroyed around 80% of the batteries inside the building, could result in a potential $500m insurance loss. London based Travelers and AIG, in the US, led the placements for the primary layer of Vistra Corp’s energy property […]