Update: The ALI Restatement of Liability Insurance at 1 year
Insurers are concerned that the Restatement doesn’t reflect existing insurance law and many provisions are prejudicial to insurers and inconsistent with established case law.
In May 2018, the American Law Institute (ALI) voted to approve the Restatement of the Law of Liability Insurance after nearly eight controversial years of drafting. Despite celebrating its one-year anniversary, the Restatement continues to prove controversial in the insurance industry, and insurers will need to stay up to date on court interpretations and various states’ legislation to address these controversies.
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