Accession Number : ADA264054


Title :   Plant Replacement and Improvement Program Insurance Analysis


Corporate Author : LOGISTICS MANAGEMENT INST BETHESDA MD


Personal Author(s) : Small, Eric M


Full Text : https://apps.dtic.mil/dtic/tr/fulltext/u2/a264054.pdf


Report Date : Mar 1993


Pagination or Media Count : 21


Abstract : U.S. Army Corps of Engineers (USACE) projects and activities using Plant Replacement and Improvement Program (PRIP) fixed assets pay insurance charges. These charges are retained in a separate account to fund the repair or replacement of PREP assets when they are damaged or lost. Although there are over $40 million in the PRIP insurance account, we found that USACE cannot be certain of adequate protection against catastrophic losses. We therefore recommend that USACE acquire commercial insurance covering such losses to supplement its current self-insurance program. We also recommend improved PRIP data collection and reporting to provide better information on insured assets and to support the calculation of asset-type-specific insurance rates.... U.S. Army Corps of Engineers, Fixed assets, Plant replacement and improvement program, Insurance.


Descriptors :   *INSURANCE , *PLANNING PROGRAMMING BUDGETING , DAMAGE , RATES , REPAIR , PROTECTION , SALARIES , REPLACEMENT , COLLECTION , ARMY CORPS OF ENGINEERS , ENGINEERS , LOSSES , COVERINGS , ARMY


Subject Categories : Administration and Management


Distribution Statement : APPROVED FOR PUBLIC RELEASE