Lloyd Dixon

Photo of Lloyd Dixon
Director, RAND Center for Catastrophic Risk Management and Compensation; Senior Economist
Santa Monica Office


Ph.D. in economics, University of California, Berkeley; B.A. in political science, B.S. in general engineering, Stanford University

Media Resources

This researcher is available for interviews.

To arrange an interview, contact the RAND Office of Media Relations at (310) 451-6913, or email media@rand.org.

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Lloyd Dixon is director of the RAND Center for Catastrophic Risk Management and Compensation and a senior economist at the RAND Corporation. His expertise includes insurance, compensation, and liability issues, and he has conducted numerous studies on wildfire, flood, and terrorism insurance. Recent studies include analysis of the wind and flood insurance markets, asbestos litigation, the California workers' compensation insurance market, and the contribution of hedge funds to systemic financial risk.

Dixon received his B.S. in general engineering and B.A. in political science from Stanford University and his Ph.D. in economics from the University of California, Berkeley.

Previous Positions

Research Director, RAND Center for Terrorism Risk Management Policy; Research Director, RAND Institute for Civil Justice

Recent Projects

  • The California workers' compensation insurance market
  • The federal terrorism risk insurance program
  • Assessment of the commercial wind insurance market in the Gulf States following Hurricane Katrina
  • Examination of the abuse of expert evidence in silica litigation
  • Compensation for losses following the 9/11 attacks

Selected Publications

Lloyd Dixon, Paul Sorensen, Martin Wachs, Myles Collins, Mark Hanson, Aaron Kofner, Thomas Light, Michael Madsen, Lindell Marsh, Adrian Overton, Howard Shatz, Brian Weatherford, Balancing Environment and Development: Costs, Revenues, and Benefits of the Western Riverside County Multiple Species Habitat Conservation Plan, RAND Corporation (MG-816), 2008

Lloyd Dixon, James W. Macdonald, and Julie Zissimopoulos, Commercial Wind Insurance in the Gulf States: Developments Since Hurricane Katrina and Challenges Moving Forward, RAND Corporation (OP-190), 2007

Lloyd Dixon, Robert Lempert, Tom LaTourrette, Robert Reville, The Federal Role in Terrorism Insurance: Evaluating Alternatives in an Uncertain World, RAND Corporation, RAND Corporation (MG-679), 2007

Lloyd Dixon and Rachel Kaganoff Stern, Compensation for Losses from the 9/11 Attacks, RAND Corporation (MG-264), 2006

Lloyd Dixon et al., The National Flood Insurance Program's Market Penetration Rate: Estimates and Policy Implications, RAND Corporation (TR-300), 2006

Lloyd Dixon and Rachel Kaganoff Stern, Compensation for Losses From the 9/11 Terrorist Attacks, RAND Corporation (MG-264), 2004

Lloyd Dixon et al., Driving Emissions to Zero: Are the Benefits of California's Zero Emission Vehicle Program Worth the Costs?RAND Corporation (MR-1578), 2002

Lloyd Dixon and Brian Gill, "Changes in the Standards for Admitting Expert Evidence in Civil Cases Since the Daubert Decision," Psychology, Public Policy, and Law, 8(3), 2002

Recent Media Appearances

Interviews: Associated Press; Atlanta Business Chronicle; BestWire; Chicago Tribune; CNN/Money.com; Hearst Newspapers; Insurance Journal; New York Times; Wall Street Journal


  • Houses are seen partially submerged in flood waters caused by Tropical Storm Harvey in Northwest Houston, Texas, August 30, 2017

    Why Houstonians Didn't Buy Flood Insurance

    Thousands of Houston-area homeowners will face massive, uninsured losses due to flood damage. Few homeowners buy flood insurance unless they are required to, and it's only mandatory for homes with mortgages located in FEMA-defined high-risk flood zones. People tend to ignore low-probability risks.

    Sep 12, 2017 The RAND Blog

  • The Tribute in Light is illuminated on the skyline of New York's Lower Manhattan as people look across the Hudson River in Jersey City, September 11, 2013

    3 Terrorism Risk Insurance Act Facts for Congress to Consider

    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.

    Jun 12, 2014 U.S. News & World Report

  • men walk through flooding left by the storm surge of Superstorm Sandy in the New Dorp Beach neighborhood of  Staten Island

    A Year After Sandy, a New Threat to New York City

    As residents continue to recover from Superstorm Sandy, they are about to confront dramatic changes in the flood insurance landscape. Changes to federal floodplain maps will mean thousands of New Yorkers will suddenly be living in areas designated as high-risk flood, which will send their insurance rates soaring.

    Nov 5, 2013 The RAND Blog

  • Grab Vital Habitat Now: How Riverside County Can Step Up Conservation While Land Prices Are Down

    The economic slowdown threatens to put a crimp in ambitious efforts to balance preservation, transportation improvements and development in western Riverside County. It doesn't have to. Actually, it presents an opportunity, writes Lloyd Dixon.

    Dec 1, 2008 The Press-Enterprise