Lloyd Dixon

Lloyd Dixon
Director, RAND Kenneth R. Feinberg Center for Catastrophic Risk Management and Compensation; Senior Economist; Professor of Policy Analysis Pardee RAND Graduate School
Santa Monica Office


Ph.D. in economics, University of California, Berkeley; B.S. in general engineering, Stanford University; B.A. in political science, 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 Kenneth R. Feinberg Center for Catastrophic Risk Management and Compensation and a senior economist at the RAND Corporation. He has expertise on insurance, compensation, and liability issues. For California's Fourth Climate Change Assessment, he investigated the impact of changing wildfire risk on California's residential insurance market. He has examined the prevalence of flood insurance across the country and, following Hurricane Sandy, assessed the costs and benefits of a flood insurance affordability program for New York City. He more recently analyzed options for a federally backed pandemic risk insurance program and is currently evaluating options for compensating insurers who participate in the National Flood Insurance Program. Dixon has also served as the California State Senate's designee to the governing board of the California Earthquake Authority since 2020. 

Dixon has examined compensation and liability policies in a number of different settings. Following the September 11th terrorist attacks, he described and evaluated the complex web of insurance, charity, government, and tort payments that provided assistance to individuals and businesses harmed in the attacks. He is currently investigating the impact of compensation funds on post-disaster litigation and whether trends in insurance claims provide evidence for social inflation. He holds a Ph.D. in economics from the University of California, Berkeley, and a B.S. in general engineering and B.A. in political science from Stanford University.

Concurrent Non-RAND Positions

California Earthquake Authority Governing Board, Designee

Previous Positions

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

Recent Projects

  • Improving the affordability and availability of pandemic risk insurance
  • What is the evidence for social inflation? Trends in insurance claims
  • The impact of changing wildfire risk on California's residential insurance market
  • Options for a flood insurance affordability program
  • Compensation for Insurers participating in the national flood Insurance program

Selected Publications

Dixon, Lloyd, Jamie Morikawa, Improving the Availability and Affordability of Pandemic Risk Insurance: Projected Performance of Proposed Programs, RAND Corporation (RR-A1223-1), 2021

Dixon, Lloyd, Jason Thomas Barnosky, and Noreen Clancy, Insuring Public Buildings, Contents, Vehicles, and Equipment Against Disasters: Current Practices of State and Local Government and Options for Closing the Insurance Gap, RAND Corporation (RR-A332-1), 2020

Pace, Nicholas M., Lloyd Dixon, COVID-19 Vaccinations: Liability and Compensation Considerations Critical for a Successful Campaign, RAND Corporation (PE-A761-1), 2020

Dixon, Lloyd, Flavia Tsang, and Gary Fitts, The Impact of Changing Wildfire Risks on California's Residential Insurance Market, State of California (EP-67670), 2018

Lloyd Dixon et al., The Cost and Affordability of Flood Insurance in New York City: Economic Impacts of Rising Premiums and Policy Options for One-to Four-Family Homes, RAND Corporation (RR-1776), 2017

Benjamin Miller, Lloyd Dixon, and Noreen Clancy, ""Reasonable and Risk-Based? Replacing NFIP Generally Subsidized Rates with a Means-Tested Subsidy"," Southern Economic Journal, 2019

Nick Pace and Lloyd Dixon, Early Assistance from Potentially Responsible Parties After Human-Caused Disasters, RAND Corporation (RR-3022), 2019

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

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