Business News: Liberty Mutual, AIG, Consolidated Claims Group

Liberty Mutual has announced it is cutting about 620 positions in New Hampshire.

Foster’s Daily Democrat reports the insurance company announced the decision earlier this week. Liberty Mutual says many workers affected by the shift will either be retrained or transferred to different departments. The company didn’t say how many employees in the Dover and Portsmouth campuses will be affected.

Company spokeswoman Adrianne Kaufmann says the company is “realigning technology resources” to better meet customer needs. Kaufmann says Liberty Mutual is creating new roles and reducing others in its information technology unit.

A thousand positions will be affected across the company.

Dover Economic Development Director Dan Barufaldi believes automation is responsible for the cuts. Barufaldi says he has seen the trend across the country.

American International Group, Inc. announced a new cyber benchmarking model that quantifies and scores client cyber risk.

The AIG model evaluates a client’s cyber security maturity against 10 common attack patterns across 11 commonly used technology devices. The model incorporates critical security data, such as current threat intelligence from multiple sources, effectiveness of an organization’s cyber controls, potential impact of a cyber breach on an organization, and insights gained from the thousands of cyber claims handled by AIG.

AIG cyber clients, who provide the required information, can receive a report detailing security scores, peer benchmarking, and key risk mitigation controls to help quantify cyber risk.

To further support its model, AIG is launching CyberMatics, a patent pending security approach with leading AI cyber security companies CrowdStrike and Darktrace. CyberMatics verifies inputs into AIG’s model from clients’ cyber security tools.

Consolidated Claims Group (CCG), whose companies provide complex claim solutions for insurance carriers nationwide,announced the relocation of their headquarters from SouthPark to the Bank of America Plaza in the heart of Uptown Charlotte, N.C. The new 21,000 square foot office will accommodate CCG’s increased staffing needs, as they plan to double their workforce in 2018.

The office provides open spaces to allow for better collaboration, communication and coaching. It will also help maintain CCG’s distinct company culture as they grow by maintaining all of the departments on a single floor. Additionally, the space offers ample training areas for the expected influx of new employees and the perpetual education of current staff.