American Coastal Insurance Company is back in the catastrophe bond market and seeking $100 million or more in Florida named storm reinsurance protection from the issuance of a new Armor Re II Ltd. (Series 2024-2) transaction, Artemis has learned.This will be the second Armor Re II catastrophe bond from the insurer of 2024, having sponsored … Read more
Change Healthcare says it has notified approximately 100 million Americans that their personal, financial and healthcare records may have been stolen in a February 2024 ransomware attack that caused the largest ever known data breach of protected health information. Image: Tamer Tuncay, Shutterstock.com. A ransomware attack at Change Healthcare in the third week of February … Read more
The threat of deepfakes is growing as the AI tools to create them become widely accessible. There was a 245% increase in deepfakes worldwide from 2023 to 2024, an uptick spurred in part by coming election cycles, according to verification provider Sumsub. It’s also affecting the corporate sector; a recent Business.com survey found that 10% … Read more
