American International Group Inc. Chief Executive Officer Eric Andersen said the artificial intelligence buildout presents a “great opportunity” for the insurance industry but is pushing property and casualty (P&C) providers to their limits. AI data centers “need everything from project finance all the way through to operations,” he told Bloomberg TV on Tuesday. “That’s construction, that’s cyber, that’s property, that’s liability.”

The comments from the head of AIG highlight the strain on insurers as demand for coverage surges from data center construction and operation. P&C insurers are being “maxed out” by the scale and complexity of risks, including construction delays, cyber threats, and property damage. Andersen emphasized that the boom requires comprehensive insurance solutions across multiple lines.

Bloomberg reported the remarks on August 11, 2026, reflecting growing industry concerns. While AI data centers drive economic growth, their insurance needs are testing capacity and pricing. Insurers must balance opportunity with risk management as the sector expands rapidly.