Article

U.S. data center construction spending is projected to surge to $28.3 billion by 2024, with 565 operational centers and 571 planned projects. Insurers are facing challenges related to construction coverage and supply chain risks, as power supply constraints could lead to data centers consuming 6-12% of the nation’s electricity by 2028. Effective communication between insurance buyers and brokers is crucial for managing the evolving risk profiles throughout the project lifecycle.