Reinsurance

Effective Aug. 31 Robert Parkerson, president of National Crop Insurance Services (NCIS), will retire, the organization said.

A nonprofit organization in support of the Homeowners Defense Act is using the anniversary of Hurricane Katrina to remind lawmakers the country is no better off today.

A regulator called the risk-based capital requirements for domestic reinsurers "draconian" after representatives from the Reinsurance Association of America said their obligations outweigh the rest of the industry's commitments.

Nissan North America has achieved dramatically improved workers' compensation results by creating a safer workplace for its employees.

Trade groups representing large insurers and the biggest corporate buyer association are urging the Treasury Department to ensure that the Federal Insurance Office plays a strong role in representing the U.S. on global insurance issues.

Warren Buffett's Berkshire Hathaway Inc. reported a 40 percent drop in second-quarter profit to $1.97 billion.