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

Featured Research and Commentary

  • Legal gavel and leather binder on a desk

    The Role of Health Care Liens in Litigation and Recovery

    Nov 20, 2018

    Third-party liens have increasingly become an issue in resolving mass litigation events. As lien rights grow, liens will almost certainly become more frequent and command a greater share of recovery funds.

  • A house burns as firefighters battle a fast-moving wildfire that destroyed homes driven by strong wind and high temperatures forcing thousands of residents to evacuate in Goleta, California, July 7, 2018

    How Wildfire Risks Impact California's Homeowners Insurance Market

    Sep 5, 2018

    Wildfire poses considerable risk to Californians, and the associated increases in home insurance prices can cause financial hardship for families. It's critical to understand how the insurance market is performing with regard to wildfire risk and how climate change may affect this performance.

  • A composite image of business people meeting around a table and symbols representing concepts related to compensation.

    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.

  • Crude oil spill on a beach

    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?

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