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Ҵý Releases New Risk Outlooks Examining Opioid Abuse In Construction, Manufacturing Industries

CHICAGO, June 29, 2015 /PRNewswire/ -- Ҵý recently issued two new reports that examine the growing prescription opioid abuse epidemic and its effect on the U.S. workforce, focusing on the construction and manufacturing industries, which are particularly at risk for such abuse. and use Ҵý claim data to provide risk management strategies to address this issue.

"The opioid abuse epidemic is taking a toll on many aspects of the U.S. economy, including businesses' workers' compensation losses," said Bill Boyd, senior vice president, Risk Control. "The delay of returning injured employees to work can affect operations and, therefore, negatively impact a company's bottom line. Opioid abuse is a real and emerging risk for businesses to consider, and through these Risk Outlooks, I hope our customers will learn solutions to avoid return-to-work pitfalls."

An estimated 15.1 and 6.5 percent of construction and manufacturing workers, respectively, have engaged in illicit drug use. Ҵý claim data analyzes the industry averages against potential opioid abusers and post-accident spend.

"By partnering with leading construction and manufacturing associations, we have seen increased concern about prescription opioid abuse, as well as how it increases worker injuries and businesses' losses," said John Tatum, senior vice president, Middle Market. "Many of these associations are developing programs to educate their members about the issue in order to provide the tools, training and resources they need to address opioid abuse in their own workplaces."

The first Risk Outlook, , was published in 2014 and analyzed claim data to help construction contractors understand the risks their businesses have been exposed to because of the Great Recession. Ҵý will continue to release Risk Outlooks on emerging topics for its key customer segments on a rolling basis.

Risk Outlook is a publication of Ҵý Risk Control, Claim and Actuary. For more information, please contact Brandon Davis at 312-822-5167 or Brandon.Davis@cna.com. To access the studies, visit or .

Serving businesses and professionals since 1897, Ҵý is the country's eighth largest commercial insurance writer and the 13th largest property and casualty company. Ҵý's insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages. Ҵý's services include risk management, information services, underwriting, risk control and claims administration. For more information, please visit Ҵý at . "Ҵý" is a service mark registered by Ҵý Financial Corporation with the United States Patent and Trademark Office. Certain Ҵý Financial Corporation subsidiaries use the "Ҵý" service mark in connection with insurance underwriting and claims activities.

Follow Ҵý (NYSE: Ҵý) on: | |

CONTACT:
Brandon Davis, 312-822-5167
Sarah Pang, 312-822-6394

SOURCE Ҵý

SOURCE: Ҵý

Ҵý

Ҵý Releases New Risk Outlooks Examining Opioid Abuse In Construction, Manufacturing Industries

PR Newswire

CHICAGO, June 29, 2015 /PRNewswire/ --Ҵý recently issued two new reports that examine the growing prescription opioid abuse epidemic and its effect on the U.S. workforce, focusing on the construction and manufacturing industries, which are particularly at risk for such abuse. Ի use Ҵý claim data to provide risk management strategies to address this issue.

"The opioid abuse epidemic is taking a toll on many aspects of the U.S. economy, including businesses' workers' compensation losses," said Bill Boyd, senior vice president, Risk Control. "The delay of returning injured employees to work can affect operations and, therefore, negatively impact a company's bottom line. Opioid abuse is a real and emerging risk for businesses to consider, and through these Risk Outlooks, I hope our customers will learn solutions to avoid return-to-work pitfalls."

An estimated 15.1 and 6.5 percent of construction and manufacturing workers, respectively, have engaged in illicit drug use. Ҵý claim data analyzes the industry averages against potential opioid abusers and post-accident spend.

"By partnering with leading construction and manufacturing associations, we have seen increased concern about prescription opioid abuse, as well as how it increases worker injuries and businesses' losses," said John Tatum, senior vice president, Middle Market. "Many of these associations are developing programs to educate their members about the issue in order to provide the tools, training and resources they need to address opioid abuse in their own workplaces."

The first Risk Outlook, , was published in 2014 and analyzed claim data to help construction contractors understand the risks their businesses have been exposed to because of the Great Recession. Ҵý will continue to release Risk Outlooks on emerging topics for its key customer segments on a rolling basis.

Risk Outlook is a publication of Ҵý Risk Control, Claim and Actuary. For more information, please contact Brandon Davis at 312-822-5167 or Brandon.Davis@cna.com. To access the studies, visit or .

Serving businesses and professionals since 1897, Ҵý is the country's eighth largest commercial insurance writer and the 13th largest property andcasualtycompany.Ҵý's insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages.Ҵý's services include risk management, information services, underwriting, risk control and claims administration.For more information, please visit Ҵý at . "Ҵý" is a service mark registered by Ҵý Financial Corporation with the United States Patent and Trademark Office. Certain Ҵý Financial Corporation subsidiaries use the "Ҵý" service mark in connection with insurance underwriting and claims activities.

Follow Ҵý (NYSE: Ҵý) on: | |

CONTACT:
Brandon Davis, 312-822-5167
Sarah Pang, 312-822-6394

SOURCE Ҵý

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