Other Research Relating to Catastrophic Risk Management and Compensation

  • Smoke billowing from a burning building with firefighters on a ladder. Photo by Vastram / Adobe Stock

    Insuring Public Buildings, Contents, Vehicles, and Equipment Against Disasters

    Oct 9, 2020

    What insurance and financial risk management practices do state and local governments employ for buildings, contents, vehicles, and equipment, and what role does Federal Emergency Management Agency assistance play in these decisions?

  • A member of the Seattle Fire Department leaves the scene following a medical response as efforts continue to help slow the spread of COVID-19 in Seattle, Washington, U.S. March 31, 2020, photo by Jason Redmond/Reuters

    The Justice System and the COVID-19 Pandemic: Resources for Policymakers

    Apr 20, 2020

    From closed courts to increased risk for first responders, the COVID-19 pandemic has introduced new challenges for the justice system. RAND research provides insights that may be helpful as decisionmakers try and address some of these issues.

  • Emergency workers float along an oil collection boom in front of Athos I after it spilled 30,00 gallons of crude oil into the Delaware River in Philadelphia, November 28, 2004, photo by Tim Shaffer/Reuters

    The Benefits and Drawbacks of Early Assistance After Disasters

    Nov 14, 2019

    After human-made disasters, early assistance from potentially responsible parties can sometimes fill gaps that are not always addressed by NGOs and first responders. But is providing such assistance a good strategy in terms of reducing future litigation or improving public opinion?

  • 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?

  • A house damaged by a tornado

    Designing Compensation Funds After Disasters

    Jul 6, 2016

    Man-made and natural disasters in the United States can cause personal injury and property damage to dozens, and sometimes even thousands, of people. Sometimes victim compensation programs are created afterwards. Program designers must consider fairness to victims, timely compensation, and low transaction costs.

  • A man passes by the skyline of New York's Lower Manhattan and One World Trade Center as he walks through Liberty State Park in Jersey City, NJ

    RAND Research Influences Debate on Terrorism Insurance

    Jun 19, 2014

    To inform the debate on whether the Terrorism Risk Insurance Act (TRIA) should be continued or allowed to expire, RAND prepared policy briefs on three topics of central concern to policymakers: national security perspectives, the impact on federal spending, and the impact on workers' compensation markets.

  • Beyond the Shadow of 9/11

    Sep 1, 2011

    The 10th anniversary of the 9/11 terrorist attacks warrants a thoughtful review of America's progress and future strategy. In this RAND Review cover story, RAND experts offer perspectives on Afghan-led solutions, ways to counter al Qaeda, air passenger security, and compensation for those affected by terrorism.

  • police officers gathered after the Boston Marathon bombings

    Terrorism Risk Insurance Promotes Cohesion, Improved National Security

    Nov 10, 2006

    High take-up rates for terrorism insurance or other forms of compensation for terrorism losses can enhance economic resilience after an attack and encourage national cohesion and solidarity post-event. Doing so thwarts the aims of terrorists and, over the long run, may deter future attacks.

  • Two firefighters holding a hose and surrounded by smoke

    Terrorism Risk Insurance Act Effective at Sharing Financial Risk

    Oct 25, 2005

    The Terrorism Risk Insurance Act (TRIA) creates an effective mechanism for sharing the financial risk that businesses face from terrorism. Still, less than half of all businesses have terrorism insurance; the U.S. government should consider encouraging these businesses to buy coverage.

  • The World Trade Center site at Ground Zero, debris and vehicles seen spread around the area already 2 weeks after the September 11, 2001 disaster. Fires are still burning underground and smoke and haze fills the sky

    U.S. Terrorism Insurance System Falling Short

    Jun 20, 2005

    The terrorism insurance system in the United States is failing to provide businesses with adequate financial protection, leaving the nation vulnerable to economic disruption if there is a major terrorist attack.