Business Insurance - _Risk Management en-us Wed, 27 May 2015 11:53:50 EST 10 Guy Carpenter chairman to take over U.S. operations 20150527/NEWS06/150529872 Guy Carpenter & Co. L.L.C. has named Chairman Britt Newhouse to the additional role of interim CEO of U.S. operations, effective immediately, the reinsurance intermediary said Wednesday. Wed, 27 May 2015 11:12:57 EST Takata faces questions over air bag fix as recalls expand 20150527/NEWS06/150529873 (Reuters) — Automakers and safety regulators could take months to nail down why air bag inflators made by Takata Corp. Wed, 27 May 2015 11:07:00 EST IRS loses appeal in offshore reinsurance tax case 20150527/NEWS06/150529874 Validus Reinsurance Ltd. has won a second court victory in its attempts to have the taxation of a type of offshore reinsurance ended. Wed, 27 May 2015 11:06:51 EST Bermuda insurer names new CEO of global reinsurance 20150527/NEWS06/150529876 Stephen Young has been named CEO of global reinsurance of Endurance Specialty Holdings Ltd. effective Jan. 1, replacing Jerome Faure, who will retire at the end of the first quarter of 2016. Wed, 27 May 2015 10:50:06 EST Cost of data breach increases to average of $3.8 million 20150527/NEWS06/150529882 (Reuters) — The cost of data breaches is rising for companies around the world as sophisticated thieves target valuable financial and medical records, according to a study released on Wednesday. Wed, 27 May 2015 09:39:07 EST Thousands of online tax returns illegally accessed 20150526/NEWS06/150529896 (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. Tue, 26 May 2015 15:55:04 EST Property/casualty insurers' fourth quarter promising despite net income drop 20150526/NEWS06/150529897 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. Tue, 26 May 2015 14:39:14 EST Supreme Court rules against Cisco Systems in patent fight 20150526/NEWS06/150529898 (Reuters) — The U.S. Supreme Court on Tuesday ruled against Cisco Systems Inc. over a patent infringement claim the tech giant is fighting. Tue, 26 May 2015 14:30:57 EST Gallagher's international growth sparks U.K. financial inquiry 20150526/NEWS06/150529900 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. Tue, 26 May 2015 14:02:43 EST FMLA lawsuit against Tyson Fresh Meats reinstated 20150526/NEWS06/150529901 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. Tue, 26 May 2015 13:59:14 EST