Data Center Late Fees Hit $5 Million or More Per Day, Spawning New Insurance

T1Covered by 1 source · first reported by The Information (teasers) at 25 Oct, 15:31 UTC

This spring, Mike Mathews, who leads the global digital infrastructure practice at insurance broker Marsh, raced to design a policy to protect a data center developer from a $1 million-a-day late fee. The developer’s tenant was demanding damages if electricity and facilities weren’t available on…

cloud

Sources

• T1Data Center Late Fees Hit $5 Million or More Per Day, Spawning New InsuranceThe Information (teasers)25 Oct, 15:31