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Filing taxes is never a worry-free task, but for some taxpayers, the 2014 tax season just got a little more stressful.

Identity thieves stole information on 104,000 U.S. taxpayers from the IRS website and used the data to file fake tax returns that yielded as much as $50 million in refunds, agency Commissioner John Koskinen said.

The IRSs scrutiny of tax avoidance in offshore locations has discouraged bidders from taking over reinsurers.

Warren Buffett said he expects a slump in reinsurance results in the coming decade as investors enter the market.

Hedge fund managers wont immediately face new limits on their use of insurance in offshore tax havens, after the IRS proposed rules and chose not to make them effective now.

A confluence of demographic and economic trends make longevity risks perhaps the biggest growth opportunity for insurers, but writing such long-tail coverage profitably also might present the industry with its biggest challenge in the decades ahead.

The reinsurer says it is more than just a hedge fund investing vehicle.

The risks are very real, and damage from a childs stolen identity may go unnoticed for years.