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CNA Releases "Risk Outlook:" A New Study Designed to Support Enterprise Risk Management

CHICAGO, March 24, 2014 /PRNewswire/ -- CNA today unveiled its first edition of "Risk Outlook," a new study designed to support enterprise risk management. The first edition, titled Impacts of the Great Recession, explores current industry issues backed with actual CNA claim data for the construction industry.

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Few industries experienced as substantial of an impact to employment as the construction industry did during the Great Recession, when more than 25 percent of jobs were lost between 2008 and 2010, according to the U.S. Bureau of Labor Statistics.

As the economy recovers, many workers who left the industry have not returned, requiring organizations to find new employees among a talent pool that is short on experience.

Impacts of the Great Recession identifies the effects this gap has had on the construction industry, specifically injury rates on the job, and it analyzes claim data specific to CNA's construction portfolio to help contractors understand the risks their businesses face.

Impacts of the Great Recession is the first Risk Outlook in a series of studies that will use CNA claim data to respond to current emerging trends. The series will examine business implications and provide links to resources for real-time, actionable risk management solutions that will support enterprise business initiatives in 2014.

Future Risk Outlook topics will include:

  • Prescription Opioid Abuse
  • Marijuana Legalization
  • Aging, Obesity, and Co-morbidities

Risk Outlook is a publication of CNA Risk Control, Claim and Actuary. For more information, please contact Jennifer Martinez at [email protected]. To access the study, visit http://go.cna.com/riskoutlook.html

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

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CONTACT:
Jennifer Martinez, 312-822-5167
Sarah Pang, 312-822-6394

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SOURCE CNA

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