Center for Catastrophic Risk Management and Compensation

The RAND Center for Catastrophic Risk Management and Compensation, or CCRMC, seeks to identify and promote laws, programs, and institutions that reduce the adverse social and economic effects of natural and manmade catastrophes by

  • Improving incentives to reduce future losses
  • Providing just compensation to those suffering losses while appropriately allocating liability to responsible parties
  • Helping affected individuals, businesses, and communities to recover quickly
  • Avoiding unnecessary legal, administrative, and other transaction costs

News and Commentary

  • Volkswagen Appoints Feinberg to Head Independent Resolution Program

    Dec 16, 2015

    Volkswagen has appointed CCRMC Advisory Board chair Kenneth Feinberg to design and administer an independent resolution program over claims related to diesel vehicles rigged to cheat emissions tests.

  • Feinberg Details Compensation Program for GM Victims

    Jul 1, 2014

    CCRMC Advisory Board chair Kenneth Feinberg, who has been named to oversee the compensation fund for deaths and injuries resulting from accidents tied to a defective ignition switch in General Motors vehicles, presented the details of that compensation program on June 30, 2014. Boston’s NPR news station, WBUR, notes that while Feinberg finds the process "agonizing," he views it as an important public service.

  • RAND Research Influences Debate on Terrorism Insurance

    Jun 19, 2014

    To inform the debate on whether the Terrorism Risk Insurance Act (TRIA) should be continued or allowed to expire, RAND prepared policy briefs on three topics of central concern to policymakers: national security perspectives, the impact on federal spending, and the impact on workers' compensation markets.

  • 3 Terrorism Risk Insurance Act Facts for Congress to Consider

    Jun 12, 2014

    With the Terrorism Risk Insurance Act set to expire this year, Congress is currently revisiting a crucial question: What is the appropriate government role in terrorism insurance markets? As the debate unfolds on Capitol Hill, policymakers should consider three key research findings.

  • The Future of the Terrorism Risk Insurance Act: Expiration, Reauthorization, Modification

    Jun 11, 2014

    In this June 2014 Congressional Briefing, RAND experts presented findings from their recent work on the Terrorism Risk Insurance Act (TRIA) and discuss the different outcomes if TRIA were to be reauthorized, modified, or allowed to expire.