Lockton: Prescription Drugs, Opioids Are Cost Concerns

Workers' compensation premiums have been falling as losses drop, but concerns remain about prescription drugs as a key cost driver, according to a new Property and Casualty Market Update from Lockton Cos. Safer machinery, more advanced medical treatments, and more safety-conscious employers are among the factors in reducing workers’ compensation losses, according to the report from Lockton, a provider of insurance and risk management services. But the cost of prescription drugs and abuse of opioids are significant concerns, the report noted. Employers, carriers, and third-...