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Oct 29, 8:13 PM
Aon CEO Greg Case warned that concentrating billions of dollars’ worth of equipment in clusters of AI data centers is creating insurance challenges that could threaten project financing. High concentration risks make coverage harder to obtain, potentially limiting developers’ access to debt markets. Business interruptions could cost millions of dollars per minute, Case told CNBC.
The warning comes as technology companies ramp up AI infrastructure spending, raising questions about whether traditional insurers can adequately cover emerging risks. Aon reported a record data center project pipeline in Q3, helping drive 7% organic revenue growth in its commercial risk business. Adjusted EPS rose 10% to
$3.36, while adjusted operating margin expanded 70 basis points to 27%.
Aon has established specialized insurance facilities, including
$10 billion for data centers and
$2.5 billion for energy projects.
$AON
