Business interruption
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A jury awarded $32.3mn for repair costs, and $80mn for business interruption.
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Building electrical capacity quickly requires carriers to do due diligence on who’s behind the new power plants.
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The range allows “for information that could emerge beyond what is known today”.
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According to McKinsey, the projected spending on data centers is expected to hit $6.7tn by 2030.
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Storm surge of two to four feet could affect the North Carolina coast.
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The outages began around 07:00 ET on Tuesday.
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It didn’t have a major impact on insurers’ finances – instead, it served as a wake-up call.
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The once niche product is generating interest in a growing number of industries and sectors.
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"Smoke damage is real damage," Commissioner Lara said.
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The move combines two units in the North America middle market division.