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November Issue of Risk Management Now Online

It’s that time again — a new issue of Risk Management magazine is now online. The cover story in our November issue celebrates the 100th anniversary of the modern U.S. workers compensation system and highlights the fact that even though workers comp is only 100 years old, its principles date back a millennium.

Additional features in the newest issue are a first-hand account by Michael Cawley of 25 lessons learned during his 25 years as a risk manager, the pros and cons of cloud computing and seven steps to building a successful workers comp program.

Our columns explore topics such as the rise in workplace suicides, the largest data breach in history, regulatory uncertainty within the insurance industry, the Red Flags Rule, and human clinical trial insurance in South Korea. Also included are monthly staples such as our articles highlighting recent industry reports (Findings) and our book reviews (Shelf Life).

If you enjoy what you seen online, you can subscribe to the print edition to enjoy even more content.

Please let us know what you think in the comments below. And stay tuned to the blog for even more coverage in the future. Lastly, you can follow the magazine on Twitter“like” us on Facebook and join our LinkedIn group.

Shocking Stats on Workplace Suicides

The U.S. Bureau of Labor Statistics recently reported that workplace suicides  jumped 28% from 2007 to 2008, reaching a record high of 251 for last year. Keep in mind these numbers are comprised only of those suicides which occur at the work site.

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“Suicides occurring outside of the workplace or not on work time may also be included, but only if the [Census of Fatal Occupational Injuries] program has documentation of the work relationship.”

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Here’s a breakdown of those numbers:

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The research reveals that of the 251 suicides in 2008, 236 of them were committed by men (94%). Also, workers age 45-54 accounted for the age group with the highest number of suicides (36%) and an overwhelming majority of the 251 were white (78%).
The occupations that experienced the largest increases in suicides from 2007 to 2008 were protective service occupations and transportation and material moving occupations.

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Approximately one-third of the total protective service suicides in 2008 were police officers.

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