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

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

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…

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