“The more we're able to understand that person and what they're dealing with, the better we're able to help them get back to where they were prior to where their injury occurred,” says Ives. (Credit: Steve Heap/Shutterstock)
Nearly everything one can think of falls under the vast umbrella that is insurance. This can place a heavy burden on those in the industry to nip risks in the bud before they bloom. One risk, in particular, that has the attention of both the insurance industry and the public at large is the opioid crisis.
As the crisis fermented in recent years, the Travelers Companies Inc. sought out a way to curtail the use of opioids among injured workers, particularly those in labor-intensive industries. In April, the company reported an almost 40% reduction in the use of opioids among the injured construction workers it has helped, thanks to a combination of its Early Severity Predictor model and its pharmacy management program.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Denny Jacob
Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].
