ALI OKs Most Insurance Principles, Rejects Sole Challenge

Law360, New York (May 22, 2013, 5:04 PM EDT) -- The American Law Institute on Monday approved the bulk of liability insurance principles proposed so far in a project expected to heavily influence coverage litigation, overriding a challenge to a rule that would limit insurers' ability to rescind policies.

At an annual meeting in Washington, D.C., the ALI gave a thumbs up to principles touching policy interpretation, waiver and estoppel of contract provisions, and misrepresentations on insurance applications. Though the ALI greenlighted a few of the draft principles tackling an insurer's duty to defend, it did...
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