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Safety First: Regulators Increase Fines as Injuries Rise

INDIANAPOLIS, IN, May 17, 2016 (Marketwired via COMTEX) -- Increase in Injuries and Recalled Units Stands in Stark Contrast to Declines in Other Industries, According to the Q1 2016 U.S. Recall Index

INDIANAPOLIS, IN--(Marketwired - May 17, 2016) - Stericycle ExpertSOLUTIONS SRCL, +2.30% today released its Q1 2016 U.S. Recall Index, which highlights a decline in recall activity among certain sectors, even as the number of units recalled in the consumer products and automotive industries rose substantially. Perhaps even more concerning, consumer product injuries rose ten-fold over the same time last year.

The recall rise in the consumer products sector was fueled by a propane gas issue. 118 million gallons were recalled, marking the highest number of units in a single consumer recall in more than a decade. As a result, fire was overwhelmingly the top hazard at 83.8 percent, with the next highest coming in at just under 10 percent. In addition to these trends, Q1 saw the continuation of a rise in fines issued by the Consumer Product Safety Commission (CPSC).

"The CPSC chairman has indicated that this more aggressive stance will continue, which has caused manufacturers to take notice," said Kevin Pollack, Vice President, Stericycle. "While they can be daunting, a well-managed recall can help mitigate costs and allow companies to move forward with growing their business. In...