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
  • Emerging Trends in Compensation for Widespread Losses

    Dec 4, 2017

    In a consumer society where widespread losses can easily occur, the processes and procedures for providing compensation to large numbers of claimants are very important. This conference explored issues that affect the speed, efficiency, and fairness with which the compensation system operates in the United States.

  • Alternatives to Civil Litigation for Assigning Responsibility Following a Catastrophe

    Nov 28, 2017

    What are alternative means of assigning responsibility following a catastrophic event and providing just compensation? How might policymakers respond after a major adverse event should they conclude traditional civil litigation is not the best approach?

  • How do Insurers Write Policies and Price Cyber Risk?

    Oct 6, 2017

    The market for insuring against data breaches and cyber security incidents has grown rapidly in the past decade. However, very little is known about these cyber insurance policies and the mechanisms behind the risk assessments.

  • Why Houstonians Didn't Buy Flood Insurance

    Sep 12, 2017

    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.

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