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

> Retained news record from news:the-information.

Canonical: https://highsignal.app/data/records/a3fff6dd4778b6b6

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source: [news](https://highsignal.app/data/news) (news:the-information)  published 2026-10-25 15:31 ingested 2026-10-26 02:56

[original source ↗](https://www.theinformation.com/articles/data-center-late-fees-hit-5-million-per-day-spawning-new-insurance)

## retained text



```
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 time during the first phase of a new gigawatt-scale facility. Mathews’ team arranged the novel coverage, a bespoke form of “delay-in-delivery” coverage just for data centers, only to see penalties escalate sharply in a matter of months: Tenants in new deals began asking for upwards of $5 million for each day of delay, citing even higher estimates of lost revenue.
```



document fetched 2026-10-26 02:56 · canonical https://theinformation.com/articles/data-center-late-fees-hit-5-million-per-day-spawning-new-insurance