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Business News: AIG, Allianz, Aon

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AIG Announces Changes to its Organizational Structure American International Group, Inc. announced it’s plan to make changes to its organizational structure. The company will no longer have Commercial and Consumer segments, and will transition to: General Insurance, led by Peter … Source: Claims Journal

Equifax Hack Has Businesses Uneasy About Security

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The Equifax breach is reminding small business owners that they may be vulnerable to cybercriminals. Companies that provide security and other technology services to small businesses say they’ve had an increase in calls from customers since Equifax revealed that the … Source: Claims Journal

Travelers Examines 10 Years of Wedding Insurance Trends

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Vendor problems remains top cause of wedding-related claims, according to the Travelers Companies, Inc. The insurer marked its 10th anniversary of offering wedding insurance by highlighting a decade’s worth of wedding costs and claims trends. Matrimonial Money Trends Over a … Source: Claims Journal

Recalled Airbags Found in CarMax Cars Listed For Sale, Study Says

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A review of eight CarMax Inc. locations by safety advocates found more than one-in-four vehicles reviewed had unrepaired safety recalls, including some with airbag inflators linked to deadly malfunctions. A total of 461 vehicles contained at least one outstanding safety … Source: Claims Journal

Quake Code Questions Raised After Mexico School Collapse

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On paper at least, the Mexico City school appeared to be structurally sound and built to withstand a major earthquake. But it collapsed, killing 26 people, most of them children. And now authorities are looking into whether an apartment reportedly … Source: Claims Journal

Hurricane Season Isn’t Over Yet as Action Shifts to Sandy’s Cradle

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Harvey, Irma and Maria have written new chapters into Atlantic hurricane history this past month, but the story isn’t over. Storms certainly will keep coming as the action now shifts to the western Caribbean Sea – Sandy’s birthplace. Storms Lee … Source: Claims Journal

NCCI Looks to Future Issues Related to Medical Marijuana

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The National Council on Compensation Insurance (NCCI) released a final article in a series examining stakeholder concerns over medical and recreational marijuana use in and out of the workplace. The article, “The Marijuana Conversation: What’s Next”, addresses the concerns employers, … Source: Claims Journal

Bill Could Cut Michigan Auto PIP Premiums by 20%

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Michigan drivers would no longer be required to buy unlimited medical insurance to cover serious crash injuries under bipartisan legislation high-ranking supporters proposed Tuesday aimed at reducing the country’s highest auto premiums by at least 20 percent. The bill backed … Source: Claims Journal

Appellate Lawyers as Claim Consultants at Any Stage of Litigation

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We often see lead trial counsel as the “star”: the top performer in the courtroom, at the mediation, in the deposition room or at other informal venues before trial. He or she “shines” and sells your defenses to a jury … Source: Claims Journal

LexisNexis: Catastrophe Claims Rise as Losses Decline

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In 2016, Colorado and Texas homeowners suffered the greatest percentage of catastrophic losses due to extreme weather and other perils, according to the latest study of home insurance trends from LexisNexis Risk Solutions. The six-year study indicates that despite the … Source: Claims Journal