ALI Insurance Principles May Fill In Blanks Left By States

Law360, New York (May 16, 2013, 4:59 PM EDT) -- The American Law Institute will debate and potentially approve draft principles of liability insurance at its annual meeting Monday, an under-the-radar project that attorneys say could sway the outcome of cases, particularly in jurisdictions that have few statutes, regulations or judicial precedents on coverage issues.

The ALI will be scrutinizing a first version of principles for resolving coverage issues across the spectrum, from how insurers should handle misrepresentations that companies make on their insurance applications to whether courts should always side with policyholders when language in...
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