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Subscriber only, premium content. Tuesday, May 26

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Thousands of online tax returns illegally accessed

Published May 26, 2015 - 3:55pm CST

(Reuters) — IRS Commissioner John Koskinen said on Tuesday there were about 200,000 attempts to illegally access tax information from February to March this year.

Property/casualty insurers' fourth quarter promising despite net income drop

By: Mark A. Hofmann

Published May 26, 2015 - 2:39pm CST

U.S. property/casualty insurers fourth quarter 2014 net income dropped 13.8% from that of the same period a year earlier, according to an analysis released Tuesday by Verisk Analytics' ISO unit and the Property Casualty Insurers Association of America.

Supreme Court rules against Cisco Systems in patent fight

Published May 26, 2015 - 2:30pm CST

(Reuters) — The U.S. Supreme Court on Tuesday ruled against Cisco Systems Inc. over a patent infringement claim the tech giant is fighting.

Illinois governor pushes workers comp reform

By: Stephanie Goldberg

Published May 26, 2015 - 2:19pm CST

Workers compensation reform bills to advance Illinois Gov. Bruce Rauner's fiscal turnaround plan for the state have been filed in the state House of Representatives and Senate.

Gallagher's international growth sparks U.K. financial inquiry

By: Matthew Lerner

Published May 26, 2015 - 2:02pm CST

Arthur J. Gallagher, the London-based international operations of broker Arthur J. Gallagher & Co., has acknowledged it is cooperating with Britain’s Financial Conduct Authority on a report about the firm’s operations.

FMLA lawsuit against Tyson Fresh Meats reinstated

By: Judy Greenwald

Published May 26, 2015 - 1:59pm CST

A U.S. appeals court has reinstated Family and Medical Leave Act claims filed by a former Tyson Fresh Meats Inc. employee in a case in which the employer gave shifting reasons for terminating the worker.

Health Coverage Tax Credit could be revived

By: Jerry Geisel

Published May 26, 2015 - 12:14pm CST

Employees who lose their jobs due to foreign competition, as well as retirees in failed pension plans, again would be eligible for generous federal health insurance premium subsidies under legislation approved by the U.S. Senate.

Supreme Court backs military contractor in Iraq whistleblower case

Published May 26, 2015 - 10:50am CST

(Reuters) — The U.S. Supreme Court on Tuesday handed a victory to government contractor KBR Inc. by ruling that a law that extends the time frame for fraud claims committed against the United States during wartime does not apply to civil claims.

Air France faces probe after jet narrowly avoids mountain

Published May 26, 2015 - 10:48am CST

(Reuters) — French investigators have opened a probe after an Air France jet with some three dozen people on board narrowly avoided hitting the highest mountain in central Africa in early May, according to information published by France's BEA air accident agency.

Reporting delays tied to higher workers comp claim costs

By: Sheena Harrison

Published May 26, 2015 - 10:43am CST

Delays in reporting work-related injuries can cause workers compensation claim costs to increase by up to 51%, according to the National Council on Compensation Insurance Inc.

Opening statements set for Tuesday in law firm criminal trial

Published May 26, 2015 - 9:51am CST

(Reuters) — Nearly three years after the demise of law firm Dewey & LeBoeuf L.L.P., three of its former top executives will go on trial on charges they cooked the books in an attempt to stave off the largest law firm collapse in U.S. history.

London sets up catastrophe bond task force

Published May 26, 2015 - 9:47am CST

(Reuters) — Britain has created an expert group to put forward proposals on how the country can become a center for catastrophe bonds, used by insurers as a hedge against disasters and other costly events from hurricanes to lottery jackpots.

Airline hacker case points to deeper cyber issues

Published May 26, 2015 - 9:30am CST

(Reuters) — Security researcher Chris Roberts made headlines last month when he was hauled off a plane in New York by the FBI and accused of hacking into flight controls via his underseat entertainment unit.

Drugmakers funnel payments to high-prescribing doctors

By: Bob Herman, Modern Healthcare

Published May 26, 2015 - 9:25am CST

Nearly one-quarter of Medicare's top-prescribing physicians received consulting fees or other financial perks from manufacturers of the drugs they prescribed in 2013, renewing nagging questions about conflicts of interest in medical decision-making.

Terrorism, political violence threats become more concentrated

By: Sarah Veysey

Published May 26, 2015 - 8:58am CST

Terrorism risks are increasing in Western economies because of the threat posed by Islamic extremists, according to Aon P.L.C.