commentary
The Compensation System for Potential Side Effects Is an Important Part of a COVID-19 Vaccine Campaign
Dec 18, 2020
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
Education
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.
More ExpertsOverview
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.
Research Focus
Concurrent Non-RAND Positions
California Earthquake Authority Governing Board, DesigneePrevious Positions
Research Director, RAND Center for Terrorism Risk Management Policy; Research Director, RAND Institute for Civil JusticeRecent 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
Lloyd Dixon and Jamie Morikawa, Improving the Availability and Affordability of Pandemic Risk Insurance: Projected Performance of Proposed Programs, RAND Corporation (RR-A1223-1), 2021
Lloyd Dixon, Jason Barnosky, Noreen Clancy, Insuring Public Buildings, Contents, Vehicles, and Equipment against Disasters: Current Practices and Options for Risk Sharing between Federal, State, and Local Government, RAND Corporation (RR-A332-1), 2020
Nick Pace and Lloyd Dixon, COVID-19 Vaccinations: Liability and Compensation Considerations Critical for a Successful Campaign, RAND Corporation (PE-A761-1), 2020
Lloyd Dixon, Flavia Tsang, Gary Fitts, The Impact of Changing Wildfire Risk on California's Residential Insurance Market, California Natural Resources Agency (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
