Statewide Insurance Pooling for Public Transit

The objective of this research was to provide state DOTs and their public transportation partners with a guidebook on how to effectively implement a statewide and/or regional pooled transit vehicle insurance policy model. The guidebook will be specific to Federal Transit Administration (FTA) direct recipients and subrecipients of the Formula Grants for Rural Areas program (49 U.S.C. 5311) and Urbanized Area Formula Funding program (49 U.S.C. 5307) who are using rubber tire transit vehicles. The guidebook should address the following, at a minimum: (1) the benefits of overall risk management and loss mitigation improvement strategies; (2) cost efficiencies based on economies of scale on vehicle insurance premiums and how administrative costs may change; and (3) an implementation work plan that includes a responsibilities matrix, timelines, and mitigation strategies to address barriers to implementation.

• Record URL:
  http://apps.trb.org/cmsfeed/TRBNetProjectDisplay.asp?ProjectID=4785

Language

• English

Project

• Status: Completed
• Funding: $300000
• Contract Numbers:

  Project 23-04

• Sponsor Organizations:

  National Cooperative Highway Research Program

  Transportation Research Board
  500 Fifth Street, NW
  Washington, DC  United States  20001

  American Association of State Highway and Transportation Officials (AASHTO)

  444 North Capitol Street, NW
  Washington, DC  United States  20001

  Federal Highway Administration

  1200 New Jersey Avenue, SE
  Washington, DC  United States  20590
• Project Managers:

  Hartell, Ann

• Performing Organizations:

  AECOM Technical Services, Inc.

  Minneapolis,   United States 
• Principal Investigators:

  Baker, Scott

• Start Date: 20210831
• Expected Completion Date: 20230830
• Actual Completion Date: 20230830

Subject/Index Terms

• TRT Terms: Costs; Financing; Guidelines; Insurance; Paratransit vehicles; Pooled funds; Public transit; Risk management; Savings; State departments of transportation; Transit operating agencies; Vehicles
• Subject Areas: Administration and Management; Finance; Public Transportation; Vehicles and Equipment;

Filing Info

• Accession Number: 01707533
• Record Type: Research project
• Source Agency: Transportation Research Board
• Contract Numbers: Project 23-04
• Files: TRB, RIP
• Created Date: Jun 5 2019 12:30PM