NEWS RELEASE
The RAND Corporation, Risk Management Solutions, Inc. (RMS) and private investors have launched a company named Praedicat, Inc., that will provide consulting services and software to the property and casualty insurance industries.
REPORT
Five years after Hurricane Katrina devastated the Gulf Coast, neither the federal government nor the private sector is any closer to developing effective solutions to the problems facing flood and windstorm insurance.
NEWS RELEASE
Five years after Hurricane Katrina devastated the Gulf Coast, neither the federal government nor the private sector is any closer to developing effective solutions to the problems facing flood and windstorm insurance.
RESEARCH BRIEF
In light of what occurred after Katrina and the other 2004-2005 hurricanes, the authors propose goals for an effective Gulf Coast residential insurance market and highlight policy reforms that warrant consideration for achieving those goals.
REPORT
California's workers' compensation insurance market will remain vulnerable to wide swings in performance unless changes are made to improve the predictability of costs, transparency of pricing decisions, regulatory oversight and consistency of the incentives facing different parties.
JOURNAL ARTICLE
This research is an initial step toward creating policies to address autonomous vehicle technologies—which have the potential to enormously benefit humankind but raise substantial concern about tort liability for damages that may result from their use.
NEWS RELEASE
RAND Study Finds Wind Insurance Costly and Scarce on Gulf of Mexico Coast.
JOURNAL ARTICLE
Some states use physicians' histories of medical malpractice payments to try to reduce the incidence of medical malpractice (and for other reasons). At least two types of policies fall into this category: using payments to decide which physicians will be investigated, and possibly sanctioned, by the state medical board; and making information about individual physicians' payment histories available to the public.
JOURNAL ARTICLE
This paper examines the impact of the liability crisis on Pennsylvania hospitals and the strategies being used to weather the storm, including alternative risk financing and closer ties between hospitals and affiliated physicians. It concludes by connecting these trends to larger medical malpractice policy issues.
REPORT
The question of whether an automobile accident victim should be allowed to bring a claim for punitive damages for unfair settlement practices against another person's liability insurer — a so-called third-party, bad faith suit — has become an important policy concern.
REPORT
Using data derived primarily from the Health Insurance Experiment, this paper analyzes the relationship between medical costs and user co-payment liability. The analysis shows that the increase of insurance deductibles reduces medical costs by discou...
REPORT
"No-fault" automobile insurance plans are designed to supplant the tort system by requiring motorists to purchase no-fault insurance and allowing victims to file liability insurance claims and tort suits only if their injuries exceed a legislated ...
REPORT
Reviews large technological systems to locate situations that have potential for catastrophes in which liabilities exceed insurance or assets, thereby imposing de facto limits on liability recoveries. Such events as an LNG explosion in a population ...
REPORT
An overview of large technological systems in society to ascertain the prevalence of situations that can lead to catastrophic effects where the resultant liabilities far exceed the insurance or assets subject to suit in court, thereby imposing de fac...
PEOPLE
Senior Economist
Ph.D. in economics, University of California, Berkeley; B.A. in political science, B.S. in general engineering, Stanford University
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