Sonja Hutson

OK, so the insurers issue the cap bonds, get a whole bunch more money from the bondholders to potentially pay out any claims, and then they sell the insurance policy to, in this case, the data center owner.

Exactly.

Why are insurers looking into this now for data centers?

Now, Leigh, you mentioned earlier that these bonds are risky to invest in, but what kind of risks do they hold for the insurance companies?

You know, what are the consequences of basically building insurance policies for an entire industry on cat bonds?

Lee Harris is the FT's insurance correspondent.

Thanks, Lee.

Thanks, Sonia.

Before we go, you might want to think twice before asking chat GPT or Claude to diagnose you.

AI chatbots misdiagnose in over 80% of early medical cases, especially when they only have some of your health information.

That's according to a study published in a peer-reviewed journal this week.

The findings show the danger of relying on AI alone to identify health problems.

While chatbots can figure out what you likely have once they know the full details of your symptoms, they are less reliable at the earlier, more uncertain stages of a diagnosis.

You can read more on all these stories for free when you click the links in our show notes.

This has been your daily FT News briefing.

Check back tomorrow for the latest business news.

Good morning from the Financial Times.

Today is Tuesday, April 14th, and this is your FT News Briefing.

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