Meta and BlackRock's Texas Data Center Faces Insurance Gap Risks

A $14 billion data center project in Texas, backed by Meta and BlackRock, is reportedly exposing its lenders to significant insurance risks due to potential coverage gaps.

17 Aug, 10:00 — 17 Aug, 10:00

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FTVery High8h ago

Meta and BlackRock’s $14bn data centre exposes lenders to insurance gap

Investors in gigawatt-scale campuses face billions in underinsured risks as insurers balk at cost of full coverage

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First report: FT · 17 Aug, 10:00|Full coverage: 2 · 2h|Window: 2h

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FT17 Aug, 10:00First to report

Meta and BlackRock’s $14bn data centre exposes lenders to insurance gap

2h later

seeking-alpha17 Aug, 12:20Latest update

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Meta and BlackRock's Texas Data Center Faces Insurance Gap Risks

Sources

Meta and BlackRock’s $14bn data centre exposes lenders to insurance gap

Coverage Timeline

Meta and BlackRock’s $14bn data centre exposes lenders to insurance gap

Meta, BlackRock's $14B Texas data center faces insurance risks - FT

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