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
  • Designing Compensation Funds After Man-Made and Natural Disasters

    Jul 6, 2016

    Man-made and natural disasters in the United States frequently cause personal injury and property damage to dozens, and sometimes even thousands, of people. After such disasters, victim compensation programs are sometimes created to compensate those affected. The design of such programs requires balancing the objectives of various stakeholders.

  • What Role Does the Private Sector Have in Supporting Disaster Recovery?

    May 18, 2016

    The changing scope and scale of disasters have altered the ways in which disaster management and financing are addressed. Businesses and nonprofit organizations are increasingly central to the process, offering critical support in immediate disaster response but also contributing necessary redevelopment funding that supports community recovery.

  • Catastrophic Risk in California: Are Homeowners and Communities Prepared?

    Aug 6, 2014

    Predictions about the inevitability of a major earthquake in California is generating concern about how to pay for rebuilding after a catastrophic event. Insurance alone isn’t the answer, but exploring ways for insurance premiums to better reflect loss could help homeowners prepare for "the big one.”

News and Commentary

  • Emerging Trends in Compensation for Widespread Losses

    May 19, 2017

    Presented by the RAND Center for Catastrophic Risk Management and Compensation, and RAND Institute for Civil Justice, this conference will address new and on-going issues that affect the speed, efficiency, and fairness with which the compensation system operates.

  • Climate Targets: Values and Uncertainty

    Aug 11, 2015

    Policymakers know that the risks associated with climate change mean they need to cut greenhouse-gas emissions. But uncertainty surrounding the likelihood of different scenarios makes choosing specific policies difficult.

  • In the Wake of Disaster: Practical and Philosophical Challenges of Victim Compensation

    Nov 20, 2014

    When tragedy strikes, Kenneth Feinberg is often the person companies and governments turn to for help to determine appropriate monetary compensation. At RAND's Politics Aside event last week, he shared some of his thoughts on what goes into making those decisions, and why it's so important to meet with victims.

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