Valuing Army Installation Resilience Investments for Natural Hazards
Exploring the Use of Insurance Methods and Historical Installation Storm Damage
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Army installations experience significant damage and mission impacts from natural hazard events. In this report, the authors assess Army installation vulnerabilities from natural hazards and installation resilience investment processes and recommend ways the Army can reduce associated costs and improve data analytics for resilience investments based on an analysis of insurance industry methods and historical Army installation damage from natural hazards.
Table of Contents
Chapter One
Introduction
Chapter Two
Assessment of the Relevant Natural Hazards Historical Patterns and Projections
Chapter Three
Assessment of the Vulnerabilities of Army Installations and Buildings Based on Past Storm Damage Data
Chapter Four
Commercial Property Insurance Valuations of Resilience Investments
Chapter Five
Assessing the Value of Flood Resilience Investments for Buildings Using NFIP Premium Calculations
Chapter Six
Recommendations for Army Resilience Investment Processes
Appendix A
Natural Hazards Definitions, Patterns, and Trends
Appendix B
Background on Army Installation Data
Appendix C
Selection Process and Criteria Used for the Installation Building Case Studies
Appendix D
Background on Commercial Property and NFIP Insurance
Appendix E
Data Sources for National Flood Insurance Program Premium Calculations
Appendix F
Four Phases of Resilience Investment Planning
Research conducted by
This research was prepared for the United States Army and conducted within RAND Arroyo Center’s Forces and Logistics Program.
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