Unfavorable prior accident-year reserve development and $10 million in catastrophe losses forced Progressive Corp. income down 44 percent for the month of March.

FICO, a provider of analytics and decision management technology, launches a new solution aimed at improving the ROI for predictive models used in insurance. FICO Model Central Solution for Insurance enables insurers to reduce model deployment times by as much as 50 percent, while also providing the first indications that...

Insurance has changed dramatically in recent years, but the playbook used by many claims organizations has barely been expanded.

The tornadoes that ripped through the Dallas-Ft. Worth area last week caused up to $500 million in insured losses, a group representing Texas and Oklahoma insurers said.