Valuing Army Installation Resilience Investments for Natural Hazards: Exploring the Use of Insurance Methods and Historical Installation Storm Damage

Abstract

This report documents research and analysis conducted as part of a project entitled Pricing Installation Resilience by Learning from Insurance Underwriting and Premium Risk Models, sponsored by Office of the Assistant Secretary of the Army for Installations, Energy and Environment OASA(IE and E). The purpose of the project was to estimate the risks faced by Army installations from wind, flood, seismic, wildfire, and other natural hazards disruptions, identify potential risk mitigation strategies to inform installation resilience return on investment (ROI)decisions and recommend ways the Army can reduce associated costs.

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Document Details

Document Type
Technical Report
Publication Date
Nov 01, 2023
Accession Number
AD1214578

Entities

People

  • Beth E. Lachman
  • Jon Niewijk
  • Michael T. Wilson
  • Philip Song
  • R. J. Briggs
  • Susan A. Resetar

Organizations

  • RAND Corporation

Tags

DTIC Thesaurus Topics

  • Civil Engineering
  • Climate Change
  • Climate Change Adaptation
  • Computer Programs
  • Data Analysis
  • Emergency Response
  • Environmental Protection
  • Flood Control
  • Flood Hazards
  • Geography
  • Humanitarian Assistance
  • Meteorology
  • Risk
  • River Flooding
  • Sea Level Rise
  • Storm Surges

Readers

  • Emergency Management and Homeland Security.
  • Energy Conservation and Renewable Energy Engineering.
  • Life Cycle Cost Analysis