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The C-Suite Verdict: Conning Releases 2025 Survey on AI & Insurance Technology 0

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The C-Suite Verdict: Conning Releases 2025 Survey on AI & Insurance Technology

Third Annual Survey Reveals Strong Trends in Generative AI Adoption, and Workforce Transformation Hartford, CT (June 25, 2025) – Conning, a leading global investment management firm, has announced the findings from its third annual survey on AI & insurance technology, AI in Insurance: The C-Suite Verdict. The report highlights how U.S. insurers are increasingly integrating artificial intelligence into their workflows across impact areas, prompting a shift toward upskilled workers and key implications for cyber risk management. “With 90% of the respondents in some stage of Generative AI evaluation and 55% in early or full adoption, Generative AI has shown the strongest uptick amongst all AI technologies. Insurers are ramping up their investment in and adoption of AI as an integral part of their workflow,” said Manu Mazumdar, Head of Data Analytics and Insurance Technology, Insurance Research at Conning and author of the report. The survey reveals several trends in AI adoption across the industry, including: Generative AI gains prominence – While utilization of GenAI was minimal in last year’s analysis, 55% of respondents now report that they are at either early or full adoption stages. AI increasingly leveraged for claims – Alongside other areas of business, operations and claims processing...

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How Much Does a Heat Wave Cost? Insurers and CEOs Want to Know

Article 0 Comments When a hurricane or a wildfire strikes, the economic damage is usually very visible — roofs are ripped off or charred homes line roads. Heat waves cause financial damage, too, but it’s more diffuse: Farm crops might wither, construction workers pause or data centers sputter out, forcing customers offline. Climate risk models, which are widely used in the insurance industry, can estimate the likelihood that fires or floods will affect a specific place in the US, even down to the address level, and how much damage that would wreak. So far, the models don’t typically make detailed projections for extreme heat. For one thing, heat is less of a threat to real estate than it is to health, energy infrastructure and the food supply. But cities, businesses and insurers need the financial risks to be outlined more clearly, and some believe a new market for heat insurance — driven in part by artificial intelligence and the need to cool data centers — is around the corner. Hedging against heat The property information firm Cotality, previously known as CoreLogic, recently started offering heat-hazard modeling on its widely used risk-analysis platform. And Mercer, a unit of Marsh & McLennan...

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10 Best U.S. Job Markets: 2025

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10 Best Growth Stocks for the Long Term: Morningstar

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13 Richest Self-Made Women in America: Forbes, 2025

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Senate Debates Whether to Adopt Revised State AI Regulation Ban

Article 0 Comments Two key U.S. Republican senators agreed to a revised federal moratorium on state regulation of artificial intelligence to five years and allow states to adopt rules on child online safety and protecting artists’ image or likeliness. Senate Commerce Committee chair Ted Cruz originally proposed securing compliance by blocking states that regulate AI from a $42 billion broadband infrastructure fund as part of a broad tax and budget bill. A revised version released last week would only restrict states regulating AI form tapping a new $500 million fund to support AI infrastructure. Under a compromise announced Sunday by Senator Marsha Blackburn, a critic of the state AI regulatory moratorium, the proposed 10-year moratorium would be cut to five years and allow states to regulate issues like protecting artists’ voices or child online safety if they do not impose an “undue or disproportionate burden” on AI. Tennessee passed a law last year dubbed the ELVIS Act to protect songwriters and performers from the use of AI to make unauthorized fake works in the image and voice of well-known artists. Texas approved legislation to bar AI use for the creation of child pornography or to encourage a person to commit...

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10 Fastest-Growing ETFs Among RIAs

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Erie Insurance Restores Online Access for Customers; Still Working on Other Systems

Article 0 Comments Erie Insurance has reported that online account access for customers including bill pay has been restored in the latest update on its recovery from its network outage. The insurer said the network and system outage it initiated on June 7 helped contain a threat. The insurer once again reported that “there is no evidence of ransomware and no indication of ongoing threat actor activity.” The company has not acknowledged any data breach but said it is “working diligently to identify what, if any, data may have been affected.” The work to restore full system functionality for local agents, claims, and customer care teams is “intentional, phased and prioritized to ensure we continue to do the right thing and put service above all else,” the compay stated. Meanwhile, Philadelphia Insurance Companies is continuing its efforts to restore systems following its network outage. Philadelphia Insurance disconnected its systems to contain the threat from suspicious activity it detected on June 9. Phone, email, and online applications have been affected by the outage. Philadelphia said that “contrary to media reports, no systems were encrypted, and this was not a ransomware event.” The insurer said most of its core business systems have...

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7 Indicators of Clients’ Current Level of Fear

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9 Key Tax Considerations for Newlyweds

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