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

Center News

  • Volkswagen Appoints Feinberg to Head Independent Resolution Program

    Dec 17, 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.

  • 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.

  • Conference on the Future of the Terrorism Risk Insurance Act

    Jun 10, 2014

    To inform the debate on whether TRIA should be continued or allowed to expire, RAND is convening a conference that will bring together stakeholders to not only discuss the varying implications of TRIA’s expiration, modification, and extension, but also to frame how it is debated in the halls of Congress and across the country.

  • Study Finds Expiration of Terrorism Risk Insurance Act Could Prove Costly for Workers’ Compensation Markets, Businesses and States

    May 7, 2014

    Policy debates over extending the Terrorism Risk Insurance Act have focused mainly on property insurance, yet certain institutional features of workers’ compensation markets could cause the act’s expiration to have very different consequences in worker’s compensation than in property and other insurance lines.

  • Dixon Appointed to NYS2100 Commission

    Nov 19, 2012

    Lloyd Dixon, director of the CCRMC, was appointed to be on the commission tasked with finding ways to improve the resilience and strength of New York State's infrastructure in the face of natural disasters and other emergencies.

Related Research

Commentary and Multimedia

  • What Hurricane Katrina Taught Us About Community Resilience

    Sep 8, 2015

    Hurricane Katrina left a path of destruction, death, and suffering in its wake. Its recovery, halting and incomplete as it has been, has taught us valuable lessons about resiliency.

  • Hurricane Katrina: 10 Years After the Storm

    Aug 27, 2015

    This weekend marks 10 years since Hurricane Katrina ravaged the Gulf Coast. As the region struggled to cope and rebuild after the storm, RAND experts worked on solutions to the region's long-term challenges.