While nearly 85% of critical infrastructure is owned or operated by the private sector in the United States, most prior work on “critical infrastructure protection” has focused on the responsibilities of government.
The Wharton Risk Center is researching the role of insurance in providing financial protection against infrastructure damage and encouraging investment in loss reduction measures. The project, “Identifying and Reducing Barriers to Infrastructure Insurance” is funded by the Department of Homeland Security’s Critical Infrastructure Resilience Institute (CIRI) at the University of Illinois. Study efforts include review of relevant technical literature, and interviews with managers from the insurance and infrastructure sectors. This investigation provides insight on barriers and opportunities for improving transportation infrastructure resilience to catastrophic events.
“Cyber Risk and Insurance for Transportation Infrastructure” by Gina Tonn, Jay Kesan, Jeffrey Czajkowski and Linfen Zhang.
“Improving US Transportation Infrastructure Resilience through Insurance and Incentives” by Gina Tonn, Jeffrey Czajkowski and Howard Kunreuther.
“Identifying and Reducing Barriers to Infrastructure Catastrophic Risk Insurance – Transportation Infrastructure Systems” by Jeffrey Czajkowski, Howard Kunreuther, Gina Tonn.
“Hurricanes and Power System Reliability—The Effects of Individual Decisions and System-Level Hardening” by A. Reilly, G. Tonn, C. Zhai and S. Guikema.
“Insurance, Economic Incentives and other Policy Tools for Strengthening Critical Infrastructure Resilience: 20 Proposals for Action” by Howard Kunreuther, Erwann Michel-Kerjan and Gina Tonn.
Seeds of Disaster, Roots of Response: How Private Action Can Reduce Public Vulnerability Philip Auerswald, Lewis Branscomb, Todd La Porte, and Erwann Michel-Kerjan, Eds.