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Liability Cost and Risk Analysis Studies. Task 1: Assess Liability Expense andClaims Experience for Selected Bus Transit Agencies

机译:责任成本和风险分析研究。任务1:评估责任费用并为选定的公共汽车运输代理商提供经验

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This study reviewed contemporary risk management practices for six U.S. transitsystems. Areas investigated include risk financing, auto/bus vehicular liability (claims and losses), and transit's Federal reporting of casualty and liability expense. The larger systems in the study sample showed a consistent trend (1991-1994) for lower relative cost (per million passenger miles) than the smaller systems including: casualty and liability expense, claims paid, and outstanding reserves for claims and lawsuits. Statutory maximums or jurisdictional legislated caps were found to reduce the incidence of number of large claims, but total tort liability relative to rider fees was in fact higher for those systems which operated under statutory maximums. Regression analysis showed that passenger miles is an excellent predictor of casualty and liability expense for all agencies across the sample. Risk management information systems were found to be out-dated and largely inadequate, with poor or no connectivity to transportation and financial data sources. Risk financing practices are stable, with risk managers reporting no current problems obtaining coverage or renewals.

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