AXA XL uses two forms of cookies on this site:

  1. to enable the site to operate and retain any preferences you set
  2. for analytics to make the site more relevant and easy to use

These cookies do not collect personal information. For more information about our cookie usage, please click here. To comply with EU privacy laws you must consent to our use of cookies.

By using this site, you agree that we can place these types of cookies on your device. If you choose to change your cookie settings you will be presented with this message the next time you visit.

Fast Fast Forward

Aging Infrastructure

America's Aging Infrastructure


Follow the Money
The trend for infrastructure spending in the US has been on a steady downward path. The chart below illustrates U.S. public spending as a percentage of Gross Domestic Product during the past 12 years.

Public Highway Construction Expenditure

After a brief increase in 2008 through 2009, spending on infrastructure has dropped to its lowest point in 10 years. As illustrated by the chart at bottom, left, spending on roads and highways has followed a similar trend.

Total Public Construction Expenditure

Historically, state and local governments have provided most of the funds for the majority of the infrastructure projects.  Since 2008, however, the recession and the slow economic recovery led to reduced infrastructure funding as governments struggled to balance their budgets.  Congress filled much of the gap in the form of stimulus money, as evidenced by the increase in 2008, but that money was quickly exhausted. 

The current outlook isn’t a pretty one. The American Society of Civil Engineers (ASCE) estimates that the total investment needed for infrastructure by 2020 is $3.6 trillion. Let’s take a closer look at where those funds are most needed.

Breaking Down the Breakdown
The ASCE has evaluated the condition of America’s aging infrastructure and has assigned grades to separate categories. The lowest rated categories clearly show the need for additional funds and where those funds are needed the most.


To read more details on each grade, DOWNLOAD THE FULL ARTICLE PDF HERE.

XL Group’s enewsletter, Construction Insider, is provided for information only and does not constitute legal advice. For legal advice, seek the services of a competent attorney. Any descriptions of insurance provisions are general overviews only.
XL Group is the global brand used by XL Group Ltd’s insurance subsidiaries. In the US, the insurance companies of XL Group  Ltd are: Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Insurance Company of New York, Inc., and XL Specialty Insurance Company. Not all of the insurers do business in all jurisdictions nor is coverage available in all jurisdictions.

© 2018 AXA SA or its affiliates
AXA XL is the P&C and specialty risk division of AXA.