United States Department of Transportation
i
Catastrophic Events Impacting Transportation Infrastructure: Understanding Funding and Risk Management Approaches
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2022-08-01
[PDF-872.09 KB]
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Abstract:Extreme weather and catastrophic events pose an increasing threat to infrastructure in the United States. Given the impact such events are known to have on public infrastructure, the Department of Transportation’s Federal Highway Administration (FHWA) contracted the Library of Congress’ Federal Research Division (FRD) to conduct a comprehensive overview and detailed analysis of methods used to determine financial risk with respect to rare, catastrophic events. For this report, researchers reviewed academic literature on insurance modeling and risk financing
for natural disasters, publicly available data from FHWA and FEMA, and government reporting. In
addition, researchers compiled case studies on domestic and international examples of risk management approaches.
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