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.
Language
- English
Project
- Status: Completed
- Funding: $300000
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Contract Numbers:
Project 23-04
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Sponsor Organizations:
National Cooperative Highway Research Program
Transportation Research Board
500 Fifth Street, NW
Washington, DC United States 20001American Association of State Highway and Transportation Officials (AASHTO)
444 North Capitol Street, NW
Washington, DC United States 20001Federal Highway Administration
1200 New Jersey Avenue, SE
Washington, DC United States 20590 -
Project Managers:
Hartell, Ann
- Performing Organizations: Minneapolis, United States
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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